Platts uses Kensho technology to speed up publication of key price benchmarks

S&P Global Platts has developed new functionality using Kensho technology to enable the faster publication of certain key price benchmarks with effect from April 15, 2021.

Kensho technology allows us to use intelligent automation and intuitive data visualization techniques to rapidly collate and analyze data from the Platts Market on Close process, allowing price assessments to be published more quickly.

Following the acquisition of Kensho by S&P Global in 2018, Platts and Kensho have worked closely to develop the new tool, which was tested during a trial period in the second half of 2020.

The trial, involving the publication of duplicate price symbols, demonstrated significant time savings in the publication process. On average, the time between the end of the MOC process and the publication of the benchmark assessment was reduced by 80%, with some markets seeing prices published almost two hours earlier than typical timings.

Internal debottlenecking and a focus on speed to market has also helped to prioritize the publication of these key prices.

There is no product or editorial change to Platts Global Alert or other real-time services, our end-of-day publications or for customers receiving data via FTP. No action will be required by any customers; those with access to real-time data will now receive the data much earlier in the day.

In its initial stage, the Kensho tool will be used to publish prices in crude, refined product, petrochemical and agricultural markets in the US, Europe and Asia. The following table shows the price assessments to be included in the initial April 15 launch of the new process:

Assessment name
Symbol
Region
Dubai Mo01
PCAAT00
Asia-Pacific
Oman Blend Mo01
PCABS00
Asia-Pacific
Naphtha C+F Japan Cargo $/mt
PAAAD00
Asia-Pacific
Naphtha C+F Japan Cargo 30-45 days
PAAAE00
Asia-Pacific
Naphtha C+F Japan Cargo 45-60 days
PAAAF00
Asia-Pacific
Naphtha C+F Japan Cargo 60-75 days
PAAAG00
Asia-Pacific
Paraxylene CFR Taiwan/China Marker
AAQNE00
Asia-Pacific
Paraxylene CFR Taiwan/China Marker M1 H1
AAXHG00
Asia-Pacific
Paraxylene CFR Taiwan/China Marker M1 H2
AAXHH00
Asia-Pacific
Paraxylene CFR Taiwan/China Marker M2 H1
AAXHI00
Asia-Pacific
Paraxylene CFR Taiwan/China Marker M2 H2
AAXHJ00
Asia-Pacific
Paraxylene CFR Taiwan/China Marker M3 H1
ABXHK00
Asia-Pacific
Paraxylene CFR Korea Marker
PHASS05
Asia-Pacific
Paraxylene CFR Korea Marker M1 H1
AAQNB00
Asia-Pacific
Paraxylene CFR Korea Marker M1 H2
AAQNC00
Asia-Pacific
Paraxylene CFR Korea Marker M2 H1
AAQND00
Asia-Pacific
Paraxylene CFR Korea Marker M2 H2
AAXHF00
Asia-Pacific
Paraxylene CFR Korea Marker M3 H1
AAQNG00
Asia-Pacific
92 RON gasoline FOB Singapore derivatives
various
Asia-Pacific
95 RON gasoline FOB Singapore derivatives
various
Asia-Pacific
FOB Singapore FO 380 CST 3.5% derivatives
various
Asia-Pacific
FOB Singapore FO 180 CST 3.5% derivatives
various
Asia-Pacific
Marine Fuel 0.5% FOB Singapore derivatives
various
Asia-Pacific
Gasoil FOB Singapore derivatives
various
Asia-Pacific
Jet Kero FOB Singapore derivatives
various
Asia-Pacific
Brent CFD Wk01
PCAKA00
EMEA
Brent CFD Wk02
PCAKC00
EMEA
Brent CFD Wk03
PCAKE00
EMEA
Brent CFD Wk04
PCAKG00
EMEA
Brent CFD Wk05
AAGLU00
EMEA
Brent CFD Wk06
AAGLV00
EMEA
Brent CFD Wk07
AALCZ00
EMEA
Brent CFD Wk08
AALDA00
EMEA
Brent Mo01
PCAAQ00
EMEA
Brent Mo02
PCAAR00
EMEA
Brent Mo03
PCARR00
EMEA
ULSD 10ppmS FOB ARA Barge derivatives
various
EMEA
ULSD 10ppmS CIF NWE Cargo derivatives
various
EMEA
ULSD 10ppmS CIF Med Cargo derivatives
various
EMEA
Jet FOB Rdam Barge derivatives
various
EMEA
Jet CIF NWE Cargo derivatives
various
EMEA
Gasoil .1%S (1000ppm) FOB ARA Barge derivatives
various
EMEA
Gasoil 0.1%S CIF NWE Cargo derivatives
various
EMEA
Gasoil .1%S (1000ppm) CIF Med Cargo derivatives
various
EMEA
ULSD USGC Prompt Pipeline Differential to NYMEX ULSD
ADIQA00
North America
Heating Oil No. 2 USGC Prompt Pipeline Differential to NYMEX ULSD
ADIAA00
North America
Jet Fuel USGC Prompt Pipeline Differential to NYMEX ULSD
ADIAS00
North America
MTBE FOB USG
PHAKY00
North America
Gasoline Unleaded Suboctane Group 3 Differential to NYMEX RBOB
AANYX01
North America
Gasoline RBOB 83.7 USGC Prompt Pipeline Differential to NYMEX RBOB
AANYX79
North America
Gasoline CBOB 87 USGC Prompt Pipeline Differentials to NYMEX RBOB
AANYX77
North America
Gasoline Unleaded 87 USGC Prompt Pipeline Differential to NYMEX RBOB
AANY105
North America
ULSD Group 3 Differential to NYMEX ULSD
ADLAB00
North America
Ethanol Chicago pipe
AALRI00
North America
Gasoline RBOB USAC FOB NYH Barge Differential to NYMEX RBOB
AANYX15
North America
Gasoline RBOB Buckeye Pipeline Differential to NYMEX RBOB
AANYX35
North America

More prices are expected to be added to the tool in the coming months. The following table shows the price assessments currently expected to be added:

Assessment name
Symbol
Region
LNG Japan/Korea DES Spot Crg
AAOVQ00
Asia-Pacific
Murban FOB Abu Dhabi Spore Mo01
AAKNL00
Asia-Pacific
Upper Zakum FOB Abu Dhabi
AAOUQ00
Asia-Pacific
Gasoline Unl 92 FOB Spore Cargo
PGAEY00
Asia-Pacific
Gasoline Unl 95 FOB Spore Cargo
PGAEZ00
Asia-Pacific
Gasoline Unl 97 FOB Spore Cargo
PGAMS00
Asia-Pacific
MTBE FOB Singapore
PHALF11
Asia-Pacific
Gasoil .25%s (2500ppm) FOB Spore Cargo
AACUE00
Asia-Pacific
Gasoil .05%s (500ppm) FOB Spore Cargo
AAFEX00
Asia-Pacific
Gasoil .001%s (10ppm) FOB Spore Cargo
AAOVC00
Asia-Pacific
Gasoil FOB Spore Cargo
POABC00
Asia-Pacific
Gasoil .005%S (50ppm) FOB Spore Cargo
AAPPF00
Asia-Pacific
Jet Kero FOB Singapore Cargo
PJABF00
Asia-Pacific
Marine Fuel 0.5% FOB Singapore
AMFSA00
Asia-Pacific
FO 380 CST 3.5%S FOB Spore Cargo
PPXDK00
Asia-Pacific
FO 180 CST 3.5%S FOB Spore Cargo
PUADV00
Asia-Pacific
Jet Kero FOB Arab Gulf Cargo
PJAAA00
Asia-Pacific
FO 380 CST FOB Fujairah Cargo
AFUJQ00
Asia-Pacific
Marine Fuel 0.5% FOB Fujairah Cargo $/mt
AMFFA00
Asia-Pacific
Marine Gasoil 0.1% Dlvd Hong Kong
AAXYQ00
Asia-Pacific
Marine Gasoil 0.1% Dlvd Shanghai
AAXYR00
Asia-Pacific
Marine Gasoil 0.1% Dlvd South Korea
AAXYS00
Asia-Pacific
Marine Gasoil 0.1% Dlvd Zhoushan
MGZSD00
Asia-Pacific
Bunker FO 380 CST Dlvd West Japan
AARJZ00
Asia-Pacific
Bunker FO 380 CST Dlvd Shanghai
AARKD00
Asia-Pacific
Bunker FO 380 CST Dlvd Hong Kong
PUAER00
Asia-Pacific
Bunker FO 380 CST Dlvd Japan
PUAEV00
Asia-Pacific
Bunker FO 380 CST Dlvd South Korea
PUAFR00
Asia-Pacific
Bunker FO 380 CST Dlvd Busan
PUAGQ00
Asia-Pacific
Bunker FO 500 CST Dlvd Singapore
AAVUO00
Asia-Pacific
Bunker FO 380 CST Dlvd Singapore
PUAFT00
Asia-Pacific
Bunker FO 380 CST Dlvd Fujairah
PUAXP00
Asia-Pacific
RON89 Gasoline Kanagawa Rack
PJPBX00
Asia-Pacific
Gasoline 10ppm Kanagawa Rack
PJPBZ00
Asia-Pacific
Kerosene Kanagawa Rack
PJPCB00
Asia-Pacific
High Sulfur A-fuel 1% Kanagawa Rack
PJPCD00
Asia-Pacific
Low Sulfur A-fuel 0.1% Kanagawa Rack
PJPCF00
Asia-Pacific
Dated Brent
PCAAS00
EMEA
BNB FOB North Sea
AAVJA00
EMEA
Troll FOB North Sea
AAWEX00
EMEA
Ekofisk FOB North Sea
PCADI00
EMEA
Forties FOB North Sea
PCADJ00
EMEA
Oseberg FOB North Sea
PCAEU00
EMEA
Urals CIF Rdam
PCAFW00
EMEA
Urals CIF Med
PCACE00
EMEA
CPC Blend CIF Augusta
AAGZU00
EMEA
Azeri Light CIF Augusta
AAGZX00
EMEA
Gasoline Eurobob FOB AR Barge
AAQZV00
EMEA
Gasoline prem unleaded 10ppmS FOB Med Cargo
AAWZA00
EMEA
Gasoline 10ppmS CIF NWE Cargo
AAXFQ00
EMEA
Gasoline prem unleaded 10ppmS FOB AR Barge
PGABM00
EMEA
MTBE FOB ARA
PHALA00
EMEA
Ethanol T2 FOB Rdam Barge Eur/CBM
AAYDT00
EMEA
Naphtha CIF NWE Cargo $/mt
PAAAL00
EMEA
ULSD 10pmmS FOB ARA Barge
AAJUS00
EMEA
ULSD 10pmmS CIF NWE Cargo
AAVBG00
EMEA
ULSD 10pmmS CIF NWE Basis UK Cargo
AAVBH00
EMEA
ULSD 10pmmS CIF MED Cargo
AAWYZ00
EMEA
ULSD 10pmmS CIF NWE Basis Le Havre Cargo
AAWZC00
EMEA
Gasoil .005%S (50ppm) FOB ARA Barge
AAUQC00
EMEA
Gasoil .1%S (1000ppm) FOB ARA Barge
AAYWT00
EMEA
Gasoil 0.1%S CIF NWE Cargo
PJAAU00
EMEA
Gasoil .1%S (1000ppm) CIF MED Cargo
AAVJJ00
EMEA
Jet FOB FARAG Barge
PJABA00
EMEA
Jet CIF NWE Cargo
AAYWS00
EMEA
FO 3.5%S FOB Rdam Barge
PUABC00
EMEA
Marine Fuel 0.5% FOB Rdam Barge $/mt
PUMFD00
EMEA
FO 3.5%S CIF Med Cargo
PUAAY00
EMEA
FO 1%S CIF Med Cargo
PUAAJ00
EMEA
FO 1%S FOB NWE Cargo
PUAAM00
EMEA
VGO 0.5-0.6%S FOB Rdam Barge
AAHNF00
EMEA
VGO 2.0%S FOB Rdam Barge
AAHNI00
EMEA
Straight Run 0.5-0.7%S FOB NWE Cargo
PKABA00
EMEA
Naphtha CIF NWE Cargo derivatives
various
EMEA
Ethanol Chicago pipe
AALRI00
North America
Jet Kero New Jersey Buckeye pipeline differential to NYMEX ULSD
ADIEA00
North America
USGC HSFO Waterborne
PUAFZ00
North America
Marine Fuel 0.5% FOB USGC Barge $/mt
AUGMB00
North America
FO No.6 1.0% New York Harbor Delivered Cargo
PUAAO00
North America
FO No.6 3.0% New York Harbor Delivered Cargo
PUAAX00
North America
Marine Fuel 0.5% Dlvd USAC Barge $/mt
AUAMB00
North America
USGC HSFO derivatives
various
North America
USGC Marine Fuel 0.5% derivatives
various
North America

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