Platts to launch sustainable aviation fuel FOB China assessments, May 4

Platts, part of S&P Global Energy, will launch daily neat sustainable aviation fuel (SAF) HEFA-SPK price assessments on FOB China basis, effective May 4.

The decision follows the growing SAF capacity and production in China, supported by the available used cooking oil and feedstock resources.

The new Platts SAF FOB China assessment will reflect SAF with a cargo size of 1, 000 mt - 5 ,000 mt. Parcel size higher than 5,000 mt may be taken into consideration but will be normalized to the assessed volume range.

The assessment will reflect SAF cargoes loading 15- 30 days forward from the date of publication , basis ports of Rizhao, Lianyungang and Zhangjiagang of China. SAF loading in other China ports, including Tianjin Port, Dongying Port, Shanghai Port and Qinzhou Port, will also be considered but may be normalized to the basis ports.

The assessment will reflect ASTM D7566 and China's national standard ASTM D6537 (as outlined in GB6537—2025, to be implemented from Sept. 1, 2026) specifications for synthesized paraffinic kerosene from hydroprocessed esters and fatty acids (S PK-HEFA), with a relative density of 760 kg /cu m (at 15 degrees Celsius). The assessment will reflect SAF produced from Renewable Energy Directive-compliant feedstocks, excluding palm fatty acid distillates , and reflect minimum greenhouse gas (GHG) savings of 80%. Other GHG savings levels may be considered but will be normalized to the minimum 80% basis level. The assessment will reflect ISCC EU-certified cargoes. ISCC CORSIA-certified cargoes will also be considered.

The assessment will be published as an outright price in $/mt. A conversion to $/ bbl will be published by applying a metric ton to barrel conversion factor of 8.276.

The new assessment will consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications, as well as any other data deemed relevant to the assessment process. In the absence of neat SAF spot market data, Platts may also take into consideration the freight netback value of the Platts CIF Northwest European neat SAF cargo assessment (AJNWD00), the cost of SAF feedstocks and other adjacent markets, such as renewable diesel (HVO) and Straits -exported SAF.

Platts will also publish a calculated SAF FOB China premium over the Platts Jet Kero FOB Singapore assessed forward strip (AAPJZ00), including a conversion to $/ mt. The calculated SAF premium will be derived from the outright price assessments and the forward strip. The specifications of the SAF FOB Straits premium will be the same as the outright price proposed above.

The new SAF FOB China assessments will reflect a 1630 pm Singapore time market close and will follow the Singapore publishing schedule.

The new assessments were first proposed in a subscriber note published Feb. 11, available here: https://www.spglobal.com/energy/en/pricing-benchmarks/our-methodology/subscriber-notes/021126-platts-proposes-to-launch-sustainable-aviation-fuel-fob-china-assessment-may-4

The assessments will be published on fixed pages 2013 of Platts Biofuels Alert, on fixed pages 2410 and 2411 of Platts Global Alert and Platts Refined Products Alert, and in the following publications: Biofuelscan, Fuel Ethanol report, Biomass-Based Diesel report, Oilgram Price report, Asia-Pacific/Arab Gulf Marketscan and in the Platts database.

Please send all feedback, comments, or questions to platts_biofuels@spglobal.com and pricegroup@spglobal.com .

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