Subscriber Notes / Methodology Updates
Platts proposes USGC fuel oil timing changes
New York (Platts)--9Mar2010/308 pm EST/2008 GMT
Platts is proposing to change the timing window for its physical US Gulf Coast
fuel oil assessments to 5-13 days forward from date of publication on June 1,
2010.
Currently, all Platts USGC fuel oil assessments reflect 4-12 days forward from
date of publication. Platts has received feedback from participants that
operational issues 4 days forward due to the prompt nature of that timing can
cause distortions in the market.
As part of this proposal, Platts is also seeking to standardize the timing
laycans that are bid or offered during the Market on Close assessment process
in the following manner: front window (5-7 days forward), middle window (8-10
days forward), back window (11-13 days forward), and full window (5-13 days
forward, with the counterparty to declare 3 day window upon lifting).
Please respond with questions or comments by March 31, 2010, to Robert Mayer,
robert_mayer@platts.com, Esa Ramasamy, esa_ramasamy@platts.com, with a cc to
pricegroup@platts.com.