30 Sep 2021 | 18:18 UTC

Platts corrects Sept. 29 diesel barge assessment rationale

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.