Platts discontinues Seattle ULSD differential, relaunches under a new pricing basis, symbol

Platts, part of S&P Global Commodity Insights, has discontinued the Seattle ULSD differential, priced against Portland ULSD, and launched a new assessment to price against NYMEX ULSD futures, effective April 23.

The discontinued Seattle ULSD differential assessment was priced as a spread to the Portland ULSD assessment, while the new assessment is priced as a differential to the NYMEX ULSD futures contract.

In addition, Platts has backfilled the new Seattle ULSD assessment to the launch date of March 17, 2017, for the discontinued Seattle ULSD differential, using the NYMEX ULSD futures as its basis.

The change was proposed in a subscriber note (opens in a new tab)published on March 11 and announced in a decision note (opens in a new tab)published on March 28.

The following assessments and related symbols were discontinued as a result of this change:

The following assessments are launched from April 23, backfilled to March 14, 2017, and March 1, 2017, respectively.

The new Seattle ULSD assessment is published on pages PGA0481, PRF0481, PGA0158, PRF0158, PGA0450, PRF0450, PGA0451, PRF045, Oilgram Price Report, US Market Wire, and in the Platts price database under the symbol listed above.

Please send any comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com .

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