Platts starts publishing weekly FOB Bahrain bitumen prices from Dec 11

Platts, part of S&P Global Commodity Insights, has started publishing weekly prices of FOB Bahrain PEN 60-70 grade bitumen, effective Dec. 11.

The assessment complements Platts' existing FOB Singapore, FOB South Korea and CFR India bitumen assessments, providing more information on the waterborne trade for the product in the Asia-Pacific and Middle East markets.

The FOB Bahrain assessment (BFBSW04) is published as $/mt, and reflect 3,000-7,000-mt cargoes loading from Sitra 20-40 days forward.

The assessment takes into consideration price information gathered during the week ahead of the assessment, with indications normalized to the close at 4:30 pm Singapore time on Wednesday of each week.

The assessment reflects the values of physical bitumen cargoes at the close at 4:30 pm Singapore time on Wednesdays and follows the Singapore publishing schedule. When a public holiday falls on the planned publishing day, the assessment will be published the day prior to the public holiday.

The assessment can be found in the Asia-Pacific/Arab Gulf Marketscan and on Platts Global and Refined Product alert page 2527.

Please send any questions, comments or feedback to asia_products@spglobal.com with a copy to pricegroup@spglobal.com.

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