SUBSCRIBER NOTE: Platts updates clean refined products netbacks for 2019

The following changes will be made on January 2 across clean refined products price assessments by S&P Global Platts for the Europe and Africa region to reflect Worldscale freight rates for 2019:

DIESEL

Effective January 2, Platts will update all its Worldscale flat rates for ultra low sulfur diesel cargoes in Northwest Europe and the Mediterranean.

The flat rate used to calculate the netback formula for ULSD 10 ppmS FOB Mediterranean cargoes becomes $7.59/mt.

The flat rate used to calculate the netback formula for ULSD 10 ppmS FOB NWE cargoes becomes $7.92/mt.

The flat rate used to calculate the netback formula for ULSD 10 ppmS FOB NWE basis Le Havre cargoes becomes $8.16/mt.

The flat rate used to calculate the net-forward formula for ULSD 10 ppmS CIF NWE basis UK cargoes becomes $2.29/mt.

The flat rate used to calculate the net-forward formula for ULSD 10 ppmS CIF NWE basis Le Havre cargoes becomes $1.49/mt.

GASOIL

Effective January 2, Platts will update all its Worldscale flat rates for 0.1% gasoil cargoes in Northwest Europe and the Mediterranean.

The flat rate used to calculate the netback formula for FOB Mediterranean 0.1% gasoil cargoes will be $8.52/mt.

For FOB Northwest Europe 0.1% gasoil cargoes, the flat rate will be $8.88/mt.

GASOLINE

Effective January 2, the Worldscale flat rate used to calculate the net-forward formula for the CIF Mediterranean premium gasoline 10 ppm cargo is $6.25/mt.

The 2019 Worldscale flat rate used to calculate the net-forward formula for the CIF West Africa assessment is $15.45/mt.

NAPHTHA

Effective January 2, the Worldscale flat rate used to calculate the netback formula for FOB Mediterranean naphtha cargoes becomes $12.72/mt, including the additional 91 cents/mt, reflecting calculated port fees in Rotterdam.

The Worldscale flat rate used to calculate the net-forward formula for CIF Mediterranean naphtha becomes $7.72/mt.

JET FUEL

Effective January 2, the Worldscale flat rate used to calculate the netback formula for FOB Mediterranean jet will be $10.17/mt. An additional $1/mt will be added for Rotterdam port fees.

Please send any questions or comments to Europe_products@spglobal.com with a cc to pricegroup@spglobal.com.