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30 Sep 2021 | 18:18 UTC
Please note that S&P Global Platts has corrected the Sept. 29 ULSD 10ppmS FOB ARA Barge AAJUS00 assessment rationale.
The rationale should read as follows:
The FOB ARA 10 ppm ULSD barge assessment was based on the following indications, expressed as differentials to the front month ICE LSGO futures contract:
Value on Oct. 6 was assessed at minus $3.25/mt, below a competitive outstanding offer for front-end dates in the MOC.
Value on Oct. 12 was assessed at minus $3.25/mt, above a competitive outstanding bid for back-end dates in the MOC.
A flat structure was implied between the two points and extended across the curve.
Exclusions: None
The rationale is published on PGA page 1478 and in Platts European Marketscan.