S&P Global Platts will include Jurong Port Tank Terminals as a loading point in the Singapore Market on Close assessment process for MTBE from January 8, 2020.
Platts invited feedback on the proposal to include the terminal as a loading point in a subscriber note published November 21, 2019, which can be found at: http://plts.co/uWGr30pXsoY
Platts uses the Singapore MOC process to assess the value of Asian MTBE, with the benchmark FOB Singapore MTBE price assessments reflecting FOB Straits bids, offers and trades, wherein the seller may nominate cargoes for loadings from approved terminals in Singapore and Malaysia. From January 8, 2020, sellers in the MOC process would be able to nominate JPTT as a loading point for cargoes traded on a FOB Straits basis. Delivery of MTBE from JPTT would be subject to the performance and nomination requirements prevailing in the FOB Straits markets.
The list of Straits terminals reflected in the FOB Singapore MTBE MOC process is published in the methodology and specification guide "Asia Pacific And Middle East Refined Oil Products" under Platts gasoline at https://www.spglobal.com/platts/en/our-methodology/methodology-specifications/oil
Located in Pulau Damar Laut at Jurong Port, the terminal is owned and operated by a 60:40 joint venture between Jurong Port Pte Ltd and Oiltanking GmbH. The first phase of the terminal has a capacity of 252,000 cu m and four jetties, with Jetty No. 3 having a maximum draft of 17.6 meters and able to is accommodate vessels of up to 180,000 dwt.
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