Following industry feedback, S&P Global Platts has discontinued the FOB Indonesia LSWR (AAUGR00) and FOB Indonesia LSWR Mixed/Cracked (PPAPU00) assessments from April 1, 2019.
Platts first proposed the discontinuation of the two assessments in a subscriber note published July 5, 2018: (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/070518-p latts-proposes-to-discontinue-asia-lswr-assessments).
The discontinuation follows decline in spot market activity for LSWR across the Asia Pacific on falling production due to refinery upgrades.
Liquidity in the Asian low sulfur market is increasingly focused on an FOB Singapore grade that meets requirements for the 0.5% bunker market ahead of the global IMO sulfur cap that comes into force in 2020.
Platts began assessing FOB Singapore Marine Fuel 0.5% (AMFSA00) from January 2, 2019 (https://www.platts.com/subscriber-notes-details/26922294).
Since January 2, 2019, Platts has assessed LSWR V-1250 and LSWR M/C on the basis of fixed quality differentials to the new FOB Singapore Marine Fuel 0.5% assessment.
On March 29, 2018, Platts recommended one-time differentials for LSWR and LSWR M/C against FOB Singapore Marine Fuel 0.5% assessments that may be used to switch any exposure on Platts' LSWR assessments after March 31, 2019. The subscriber note can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/032919-pl atts-recommends-lswr-differentials-to-singapore-marine-fuel-05
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