Naphtha Pricing: Methodology and Specifications

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METHODOLOGY AND SPECIFICATIONS GUIDE

Asian Oil Products
(Latest Update: April 2012)
INTRODUCTION
PLATTS ASSESSMENT METHODOLOGIES IN ASIA AND THE MIDDLE EAST Industry Standards: Quality specifications Typical Volume Loading time Location Reporting coverage Platts guidelines for Global Alert page 190 trading activity Timelines for Global Alert page 190 trading activity Fixed prices, floating prices and swaps Fixed price Premiums/Discounts Paper/Swaps The Spot Market Sample contracts Performance

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PRODUCTS
GASOLINE Singapore China Korea Japan Australia India Middle East NAPHTHA Introduction Japan Middle East India Singapore JET/KEROSENE Singapore Arab Gulf India Japan Korea China Australia GASOIL Singapore China Japan Korea Arab Gulf India Australia BIODIESEL FUEL OIL Singapore China Korea Japan Arab Gulf LSWR

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PLATTS FREIGHT METHODOLOGY IN ASIA (2012 RATES)
GASOLINE FREIGHT METHODOLOGY NAPHTHA FREIGHT METHODOLOGY 1. Singapore netback 2. Arab Gulf netback FUEL OIL FREIGHT METHODOLOGY 1. Japan netback 2. Arab Gulf netback GASOIL/KEROSENE FREIGHT METHODOLOGY AUSTRALIAN NETBACK ASSESSMENTS

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ASIA PACIFIC-ARAB GULF BUNKER ASSESSMENTS
Singapore, China, Middle East and Australia Japan and Korea

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POSTED PRICES
PLATTS EX-WHARF SINGAPORE FUEL OIL BUNKERS SPECIFICATIONS

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FAQ SAMPLE CONTRACTS
ASIA-PACIFIC SAMPLE GASOLINE 97 RON CONTRACT ASIA-PACIFIC SAMPLE GASOIL CONTRACT ASIA-PACIFIC SAMPLE FUEL OIL CONTRACT ASIA-PACIFIC SAMPLE SWAPS CONTRACT

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The McGraw Hill Companies

METHODOLOGY AND SPECIFICATIONS GUIDE

ASIAN OIL PRODUCTS

INTRODUCTION
Platts Assessment Methodologies in Asia and the Middle East
Platts provides an accurate assessment of the value of various refined oil products through a transparent price assessment process. This report contains the specifications and methodology for products in Singapore, Japan, Korea and the Middle East. It is to be used as a reference for the various products assessed by Platts and to enhance the awareness in the trading community of what the assessments mean. This guide is updated regularly and will keep you informed of additional changes. If the quality or grades assessed change, Platts informs subscribers in advance through the various wires, faxes, printed products and electronic systems. Platts price specialists focus on price discovery and follow prices in all main trading markets. In markets where trading activity occurs continuously, Platts price specialists cover those markets continuously as well, with the editorial responsibilities transferred across the globe. In the Asia-Pacific region, Platts specialists and energy reporters in Singapore, Tokyo, Sydney and Hong Kong track prices starting at 9.30 am Singapore time. Platts staff track events as well as pricing developments with the information then summarized in our daily reports. The market activity is reflected in the assessments in a very rigorous manner using a methodology developed by Platts. The methodology reflects the activity of the market players and takes into account industry practices in each reporting region. Platts assessments focus on commodity grades in the various regions and reflect activity and grades that are typical for each region. We are listing the most important factors used in the assessment methodologies.

Typical Volume
The volumes traded in the market also vary greatly and the prices for the parcels vary depending on the volume. For the gasoil assessments, Platts focuses on volumes for a minimum of 150,000 barrels for gasoil, for jet 100,000 barrels, for fuel oil 20,000mt, gasoline 50,000 bbl and naphtha C+F Japan 25,000 mt. In circumstances where Platts reflects a volume range in its Asian crude oil and products assessments, the smallest...
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