S&P Global Platts has discontinued its netback waterborne assessments for gasoil and kerosene FOB Tokyo Bay, LC1 laycans, as of April 1, 2021.
These assessments reflected the netback cost of waterborne loading barrels from a refinery or secondary tanks, for transport into tanks used for the rack market, at 2 pm Japan Standard Time (0500 GMT).
These time-limited netback assessments were launched on Oct. 1, 2020, for publication until March 31, 2021: http://plts.co/NiWr30rC9EC.
The launch of these assessments followed a proposal published April 6, 2020, to discontinue all Platts Japan domestic waterborne oil product assessments for gasoline, gasoil, kerosene, A fuel oil and low sulfur A fuel oil, effective Oct. 1, 2020: http://plts.co/MN9c30qFzos.
Following market feedback at the time, that TOCOM still required the waterborne assessments for gasoil and kerosene for its financial derivative products, Platts decided to continue to publish those assessments from Oct 1. 2020 to March 31, 2021 as a calculated netback from Platts Tokyo Bay rack assessments. Details on the discontinuation of all the other Japan waterborne oil product assessments can be found here: http://plts.co/cOCj30rC9EM.
The assessments that have been discontinued effective April 1, 2021 are:
These assessments were previously published on the Japan Dashboard, on Platts Global Alert on pages 2016 and 2017, and in the Platts price database under the codes listed above.
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