Following industry feedback on its decision to discontinue FOB Indonesia LSWR (AAUGR00) and FOB Indonesia LSWR Mixed/Cracked (PPAPU00) assessments, S&P Global Platts will publish one-time differentials for each assessment to the Platts FOB Singapore Marine Fuel 0.5% assessment (AMFSA00) that may be used to switch any exposure on Platts' LSWR assessments after March 31, 2019.
Platts announced its decision to discontinue the two LSWR assessments from April 1, 2019 in a subscriber note published August 30, 2018: https://www.platts.ru/subscriber-notes-details/27031758.
Platts decision follows the decline in product availability and spot liquidity in the Asia LSWR market over the years.
Platts will publish a fixed one-time differential in dollars a barrel ($/b) for each of the LSWR assessments to the FOB Singapore Marine Fuel 0.5% assessments that are published in dollars a metric ton ($/mt).
Platts Marine Fuel 0.5% assessments currently reflect a metric-ton-to-barrel conversion factor of 6.35.
For more details on the specifications of both LSWR grades and its assessment process, please refer to the Asia Pacific and Middle East Refined Oil Products methodology guide at www.platts.com. Please send all comments, feedback and questions to email@example.com and firstname.lastname@example.org.
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