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Platts amends Feb. 5 Diesel 10ppm Cargoes CIF NWE assessment rationale

Please note that Platts has corrected the Feb. 5 Diesel 10ppm Cargoes CIF NWE cargo assessment rationale. The correction only affects the rationale, not the assessment.

The rationale should read as follows:

ULSD 10ppmS CIF NWE Cargo AAVBG00 assessment rationale: The CIF NWE diesel cargo assessment was based on the following inputs, expressed as differentials to the front month ICE LSGO contract: Value on Feb. 18 was assessed at $3.25/mt, above a competitive bid for Feb. 16 to March 2 delivery in the MOC. Value on Feb. 28 was assessed at $3.49/mt, below an offer for Feb. 17 to March 2 delivery in the MOC. A contango of around 2 cents/mt per day was implied between the two points and extended to the front and back of the curve.

The rationale is published on Platts Global Alert page 1468 and in Platts European Marketscan.