Platts launches East China LNG bunker assessment
Platts, part of S&P Global Commodity Insights, has launched a daily LNG bunker fuel price assessment, reflecting the value of LNG used as a marine fuel in East China, effective Oct. 2.
The assessment reflects the prevailing spot price of LNG bunkers transacted in ports in East China, with a basis of Shanghai.
Deliveries into other ports in East China including Zhoushan and Ningbo are also considered and may be normalized to the above-mentioned basis.
The new assessment is published on a fixed price delivered basis in $/MMBtu.
A conversion to $/metric ton of LNG is also published from the MMBtu assessment using a factor of 52.
The assessment reflects barge-to-ship delivery.
Platts takes into consideration truck-to-ship price information and normalizes this where appropriate to a barge-to-ship equivalent price.
The assessment reflects bunker deliveries of at least 1,000 cu m for 7-20 days ahead.
Pricing information for LNG bunker deliveries with other specifications and terms may be normalized to the proposed standard.
Platts converts floating prices, or index-linked prices, to a fixed price equivalent for consideration in the final assessment.
The assessments reflect market value at the close of Singapore trade at 4:30 pm Singapore time and follow the Singapore publishing schedule.
The assessment is published in Platts LNG Daily, Bunkerwire and Platts LNG Alert pages LNG0860 and LNG0861 under the following price database codes: