S&P Global Platts would like to clarify publishing guidelines for its FOB West Mediterranean butane Market on Close assessment process.
The Platts butane FOB West Med coaster assessment (PMAAM00) reflects 4,000-6,000 mt of butane loading basis FOB Lavera. In addition to publishing bids, offers and trades on an FOB Lavera basis, Platts will also publish bids, offers and trades for butane coasters loading from the following locations in its MOC process:
• Huelva, Spain
• Sarroch, Italy
• Algeciras, Spain
• Cartagena, Spain
Platts understands that these locations, together with Lavera, account for a significant amount of regional butane exports, based on market feedback, observed flows and prior MOC activity. Furthermore, Platts understands that these ports are able to handle butane coasters.
The Platts butane FOB West Med coaster assessment will continue to be basis FOB Lavera, reflecting product loading 5-15 days forward with value normalized to reflect the mean value of the delivery period. Bids, offers and trades published for any other basis may be normalized for assessment purposes.
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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.