S&P Global Platts proposes to discontinue Montevideo 3.5% sulfur IFO 380 CST and IFO 180 CST bunker fuel assessments, and launch Average Price Indicators for these grades in their place, effective August 17, 2020.
The discontinuation follows feedback that IFO 380 and IFO 180 are no longer being produced or sold following the switch to lower sulfur fuels in 2020.
Alongside the discontinuation, Platts would continue to publish values for these grades in this location as Average Price Indicators. Platts publishes Average Price Indications for a variety of ports and grades where there is less liquidity and where no assessment is published. For API ports where there are no fresh price points entered on a given day, the API may be designated as a dependent price, and would be generated based on the last known differential between the API and a correlated port or more liquid fuel oil benchmark.
The affected assessments are as follows:
Bunker FO 380 CST 3.5% Dlvd Montevideo: PUBAQ00
Bunker FO 180 CST 3.5% Dlvd Montevideo: PUBAR00
Platts would continue to publish marine gasoil assessments in Montevideo, and Platts launched a 0.5%S marine fuel assessment there on April 20. These prices appear on Platts Global Alert pages 870, 871 and Platts Shipping Alert pages 2240 and 2241. They appear in Bunkerwire, Bunkerwire Monthly and Latin American Wire, as well as in the Platts price database. The Average Price Indicators would appear in Bunkerworld and in the Platts price database.
Please send any feedback on this proposal to americas_products and pricegroup by May 29, 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.