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S&P Global Platts corrected the rationale for its January 21 10 ppm FOB ARA barge diesel assessment, without changing the assessed value. The corrected rationale cites differentials to ICE LSGO futures for January 28 and February 3 dates.
This is a technical correction to a price assessment methodology note, with no real supply or demand change for feed markets.
spglobal.comJan 22, 2021After 22 past neutral report events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
