Energy information provider Platts, part of the McGraw-Hill Companies, US, recently introduced new Chinese domestic grade assessments for fuel oil and liquefied petroleum gas (LPG) to complement the organisation's existing coverage of imported grades. For fuel oil, Platts now assesses domestic-grade 180 centistoke (CST) 2.5 percent sulfur grade in South China's Huangpu market, in addition to existing assessments for imported-grade 180 CST 3.5 percent and 1.5 percent sulfur. The new assessment is being introduced in response to the emergence of an active domestic grade fuel oil market in China, which has eclipsed re-trade of imported product.
The company has also introduced new assessments for domestically-produced LPG, basis FOB South China, as well as new price points for South and East China LPG to reflect cargoes with a propane-to-butane ratio of 50:50, in addition to existing assessments for 30:70 cargoes. Platts has also expanded its listing of wholesale Chinese domestic LPG prices.
The above assessments are being published daily in Platts' proprietary Chinese real-time information service, Platts China Alert, in addition to the company's popular English service, Platts Global Alert.