Platts, part of S&P Global Commodity Insights, proposes to discontinue some of its biofuels assessments to reflect ongoing market dynamics, including freight elements that have been superseded and Malaysian CPO futures, with effect from Nov. 1, 2022.
Platts will no longer publish assessments of container freight differentials that were previously used to adjust values for UCO CIF ARA to FOB North Asia from Nov. 1. As a result of the industry shift from containerized transportation in favor of shipments in bulk, the UCO North Asia assessment was changed to reflect bulk cargoes between 3,000 mt to 10,000 mt on Nov. 1, 2021 (as per the subscriber note published here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/110121-platts-amends-volume-reflected-in-uco-north-asia-assessment-november-1).
Platts also proposes to discontinue its spot assessments of Bursa Malaysia CPO Month 1 and Month 2 futures, with effect from Nov. 1, 2022. The Bursa Malaysia CPO Month 1 and Month 2 futures were previously considered within the assessment process for South East Asia biodiesel but are no longer relevant to that assessment since a change in the reflected laycan, as of July 1, 2020 (as per the subscriber note published here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/070120-platts-changes-southeast-asia-biodiesel-assessment-time-laycan-july-1).
UCO Container Freight Nort Asia-North Continent
Container load mt
EU Import duty (CN)
BMD CPO (MYR) M1
BMD CPO (MYR) M2
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