S&P Global Platts will discontinue the New York Harbor 1%S FOB cargo assessment, the 2.2%S Boston delivered cargo assessment and the RMG 380 FOB NYH cargo assessment, effective August 3, 2020.
The 1%S FOB assessment is typically assessed based on a discount to the delivered 1%S NYH CIF assessment, and observed trade for this grade is fuel is typically delivered.
The Boston 2.2%S delivered cargo assessment is typically based on a premium to the NYH 2.2%S assessment, and Platts observes little spot trade in Boston for this grade of fuel.
The RMG 380 FOB NYH assessment is typically assessed at a premium to the NYH 3%S delivered assessment, and observed trade for this grade of fuel is typically delivered.
These assessments are published in US Marketscan, Oilgram Price Report and European Marketscan, and on pages 510, 152 and 511 of Platts Global Alert.
The codes for the assessments are:
AAWLG00: Fuel Oil No. 6 1%S NYH FOB Cargo
PUAWN00: Fuel Oil No. 6 2.2%S Boston Delivered Cargo
AAWLF00: Fuel Oil RMG 380 FOB NYH Cargo
Alongside this discontinuation Platts opened a formal consultation of US Atlantic Coast assessments in April and feedback on that is open through May 25.
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Platts will consider all comments received and will make comments not marked as confidential available upon request.