Diesel physical EFS
This cash assessment applies a freight cost to the diesel east-west paper spread (EFS), but reversed to point west, to give a theoretical value of the physical arbitrage between Europe and Asia. The freight rate used is for a 90,000 mt clean product tanker from Singapore to ARA. The diesel east-west spread is the front month EFS contract taken at the Singapore cash market close, but reversed to reflect the value of low sulfur gasoil (LSGO) futures minus 10ppm diesel FOB Singapore swaps.
Currency and unit of measure: $/mt
Incoterm: SPR
Quantity: 5,000 mt
Time of assessment: 16:30:00 Europe/London
Publishing frequency: Daily
Spec: French/Benelux spec diesel. Max sulfur 10ppm. Singapore-ARA 90,000 mt CPP
Start Date: 03.01.2023
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