Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

Platts proposes to publish Tokyo Bay Waterborne gasoil, kerosene LC1 as rack netbacks from Oct 1

S&P Global Platts proposes to publish waterborne assessments for gasoil and kerosene FOB Tokyo Bay, LC1 laycans, as a calculated netback from Platts Tokyo Bay rack assessments between October 1, 2020 and March 31, 2021.

Under the proposal, these assessments will be based on the netback costs to transport oil products from a refinery or secondary tanks for waterborne, into tanks used for the rack market. Platts will review these netback costs periodically and will update when necessary.

The proposed amendment and time-limited continuation follows on the proposal Platts made to discontinue assessments for all Japan domestic waterborne oil product assessments for gasoline, gasoil, kerosene, A fuel oil and low sulfur A fuel oil, effective October 1, 2020 (

Following market feedback that TOCOM still requires these assessments in financial derivatives products, Platts will now continue to publish waterborne assessments for gasoil and kerosene FOB Tokyo Bay, LC1 laycans beyond October 1, 2020. These will be discontinued on April 1, 2021. Details on the discontinuation of all the other waterborne oil product assessments can be found here

Under the proposed netback methodology, the LC1 waterborne assessments for gasoil and kerosene FOB Tokyo Bay would reflect the prevailing market value at 2 pm Japan Standard Time (0500 GMT) effective October 1 -- the same timestamp as the Japanese rack oil products markets – bringing it forward from the current 3:30 pm.

The waterborne MOC process that currently ends at 3:30 pm would be discontinued from October 1, including the instruments that were available on the eWindow tool.

The Japanese oil products waterborne assessments are published on the Japan Dashboard, on Platts Global Alert on pages 2016 and 2017, and in the Platts price database under the codes listed below.

Waterborne Daily Assessments Price symbol codes

Gasoil 10 ppm FOB Tokyo Bay LC1 Waterborne PJPAB00

Kerosene FOB Tokyo Bay LC1 Waterborne PJPAC00

Waterborne Monthly Averages Price symbol codes

Gasoil 10ppm LC1 FOB Tokyo Bay PJPAB03

Kerosene LC1 FOB Tokyo Bay PJPAC03

Please provide comments or feedback to and by July 1, 2020.

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.