Please note that Platts has corrected the June 1 rationale for Gasoline Prem Unleaded 10ppmS FOB Med Cargo assessment.
The correction only affects the rationale not the assessment.
The rationale should read as follows:
The FOB MED gasoline cargo market was assessed at a $1.25/mt premium to the July Med swap contract, up $1/mt on the day off the back of an outstanding competitive bid for June 11-15 dates which calculated to $658.52/mt and an outstanding competitive offer for June 11-15 dates which calculated to $655.81/mt. An 8 cents/mt backwardated structure derived from $658/mt June and $655.50/mt July swaps was applied to the back and front of the physical curve.
The rationale is published on PGA page 1389 and in Platts European Marketscan.