Platts corrects May 19 gasoline assessment rationale
Please note that Platts has corrected the May 19 rationale for Gasoline Prem Unleaded 10ppmS FOB Med Cargo assessment .
The rationale should read as follows: The FOB Mediterranean gasoline cargo market was assessed at $296.10/mt on June 11 factoring in a 27,000 mt cargo for June 9-13 delivery bid in the Platts Market on Close assessment process. This represented a $7.75/mt discount to the May Med swap, up from an $12/mt discount, and a $17.25 discount to the June swap, up from a $21/mt discount. A 44 cents/day contango structure was applied to the physical curve.The correction affects only the rationale, not the assessment. The rationale is published on PGA page 1389 and in Platts European Marketscan.