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27 Jun 2011 | 09:58 UTC — London
As previously announced, Platts will add a new distillation quality specification for its FOB Singapore gasoline assessments from July 1, 2011.
Platts assessments for all grades of gasoline will reflect a distillation specification of Min 75 degrees Celsius for 50% evaporated (50% volume recovery).
All bids, offers and intentions to trade gasoline in Platts' Asia Market on Close assessment processes should reflect this standard with effect from July 1.
This minimum is in line with quality specifications for gasoline imported into Vietnam, Indonesia and Malaysia.
This update to specifications was first announced on April 18, 2011, and the implementation date was amended to July 1 in a notice to readers published on May 30.
The full specifications for Asian gasoline can be found at: http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpe cs/asiaoilproductspecs.pdf or http://bit.ly/AsiaOil.
Please send all comments or questions to asia_products@platts.com and pricegroup@platts.com.