S&P Global Platts has included Jurong Port Tank Terminals as a loading point in the Singapore Market on Close assessment process for MTBE, starting January 8, 2020.
Platts first announced the decision to include the terminal as a loading point in a subscriber note published December 4, 2019, which can be found at: http://plts.co/x6vg30q0arM
Platts uses the Singapore MOC process to assess the value of Asian MTBE, with the benchmark FOB Singapore MTBE price assessments reflecting FOB Straits bids, offers and trades, wherein the seller may nominate cargoes for loadings from approved terminals in Singapore and Malaysia. From January 8, 2020, sellers in the MOC process would be able to nominate JPTT as a loading point for cargoes traded on a FOB Straits basis. Delivery of MTBE from JPTT would be subject to the performance and nomination requirements prevailing in the FOB Straits markets.
The list of Straits terminals reflected in the FOB Singapore MTBE MOC process is published in the methodology and specification guide "Asia Pacific And Middle East Refined Oil Products" under Platts gasoline at https://www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/asia-refined-oil-products-methodology.pdf
Located in Pulau Damar Laut at Jurong Port, the terminal is owned and operated by a 60:40 joint venture between Jurong Port Pte Ltd and Oiltanking GmbH. The first phase of the terminal has a capacity of 252,000 cu m and four jetties, with Jetty No. 3 having a maximum draft of 17.6 meters and is able to accommodate ships of up to 180,000 dwt.
For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.