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Po

SEPTEMBER/OCTOBER 2015
ZEMA Adds Petroleum, Electricity,
Natural Gas and Weather Data in
September and October 2015

Colombian
Investors Get Access to
Global Markets

HKEx Introduces First


Contracts for Aluminium,
Zinc, and Copper

Pending Oil Markets


in China Get Support
from Dubai

Data Security
+ Data Surveillance

= More Data Business

By Olga Gorstenko,
Editor-In-Chief Datawatch
olga@ze.com

Powered by
New products and
data sources

Delisting of products
and data sources

Potential impact
on data

Changes to data attributes,


replacement of products

Power

Power 8
EPEX SPOT Price Data Incorporated on EEX Transparency Platform
8
EEX Starts Trading in Cap Futures for German Market
8
EEX Launched French Power Options
9
Nord Pool Spot Announces New Intraday Web Platform
10
Argus to Start Slovenia OTC Base Load Electricity Assessments
11
Argus Adds ISO-NE and PJM Forward Curves
11
Platts to Publish European Electricity Midpoint Assessments
12
Platts Discontinues German Far Month Power Assessments
12
FERC Proposes Price Formation Adjustments for Organized Markets
13

Petroleum
Nat Gas

Petroleum 14
EIA Starts Monthly Survey-based Reporting of U.S. Crude Production
14
ICE Futures Singapore Launches Mini Brent and Mini Gasoil
15
CME Lists Light Louisiana Crude Oil Average Price Options
16
NYMEX Launches Options on Brent Futures
16
Argus Adds Mid-Atlantic Asphalt Series
18
Argus Starts DeWitt C5 and Hydrocarbon Resins Assessment
18
Effective September 21, 2015, Argus adds monthly DeWitt C5 and Hydrocarbon Resins series.
18
Argus Expands Crude Oil and NGL Pipeline Tariff Set
18
Argus Adds New German Gasoil and Gasoline Codes
19
Platts Launches Asia Metallocene C6 LLDPE Assessments
21
Platts Launches West African Grade Gasoline Cargo Assessments
22
Platts to Start Daily Ethanol Grade B CFR Ulsan Assessment
22
Platts proposes to start assessing Ethanol Grade B on a CFR Ulsan basis from October 1, 2015.
22
Platts Launches CFR Singapore Naphtha Assessment
23
Platts Launches Daily Medium Range Americas Clean Tanker Assessments
24
Platts Launches US VGO Outright Assessments
25
Platts Launches US DINP, DOTP Assessments
26
Platts Starts Daily Ethanol Grade B CFR Ulsan Assessment
26
Platts Launches Rotterdam 0.1% Sulfur Bunker Fuel Assessment
27
Platts Adds European Petroleum Forward Curves
28
Platts Adds Panama Canal, Santos Bunker Assessments
28
Platts to Publish Outright US Straight Run Fuel Oil Assessments
29
DGCX Launches Mini WTI Crude Oil Cash Settled Futures
29
Argus Discontinues Some Hardisty and Medford Assessments
30
Argus Discontinues Some Crude Oil Differentials
30
Argus Stops Some US Base Oils
31
Platts Discontinues 1% bunker fuel Assessments for NWE, Gibraltar, Algeciras and Malta
31
Platts Discontinues Weekly US MX Assessment
32
Platts Discontinues Weekly US DOP Assessment
33
Platts Ends US Ketones Assessments
33
Platts Discontinues Daily Styrene Balance of the Month
33
Platts Discontinues US Ethylene Contract Assessment
34
Platts Discontinues Visbreaking Yields, Netbacks, Margins
34
Platts Discontinues Atlanta CBOB, Atlanta Premium CBOB
40
Platts Discontinues Kumkol Crude Oil Assessments
40
Platts Removes Stybarrow, Asian Heavy Sweet Crude Index
41
Argus Renames Some Cushing Tariff Assessments
42
Argus Changes Description of German Fuels
42
Platts Updates Publication Timing for Forward Dated Brent
43

Coal

Softs
Metals
Freight
Finance
Weather &
Emissions
Other

Data
Partners

Market
Analysis

September/October 2015

Editorial

Editorial 5
Data Security + Data Surveillance = More Data Business
5

Summary

Summary

Contents

Editorial
Power
Petroleum

Coal 64
Platts to Launch German Dark, Clean dark Spreads with 45% Efficiency
64
Platts Discontinues Two Weekly Illinois Basin Assessments
65

Nat Gas

Softs 66
Platts to Launch Chicago and New Orleans DDGS Assessments
66
Platts to Add Daily EU Feed Wheat and Corn Assessment
66
Platts to Launch Thai Hi-Pol Sugar Forward Physical Assessment Curve
67
Platts to Assess FAS Antwerp Basis for Sugar Containers EU 45
67
Platts to Launch Daily APW Wheat FOB Australia Assessment
68
Platts Launches DDGS Assessements for the Midwest and Gulf Coast
68
ICE Futures U.S. Introduces World Cotton Contract
69
CME Launches South American Short-Dated New Crop Soybean Options
69
CME Europe Starts Trades of New Fertilizer Futures
70
Argus Introduces Brazil FMB Fertilizer
71
Argus Adds Urea Series for North Africa and Europe
71
EEX Launches Agricultural Indexes
72
Platts Discontinues Export FOB Antwerp Premium Sugar Assessment
73
Argus Ceases Croatia/Romania Urea Series
73

Coal

Softs
Metals
Freight

Metals 74
ICE Futures Singapore Launches Kilo Gold Futures
74
NCDEX Initiates Gold Forwards for Jaipur
74
CME Announces Aluminum European Premium Duty-Unpaid Futures
75
CME Launches China Iron Ore Average Price Options
76
Argus Adds New Metal Series for Asia and Europe
76
Platts Launches China Aluminum All-In Price
78
Platts Launches Daily FOB China Rebar Steel Assessment
79
DGCX Launches India Silver Quanto Cash Settled Futures
79
NYMEX Delists Chinese Steel Rebar HRB400 Futures
80
Platts Discontinues China Aluminum Premiums
80
Platts to Discontinue Daily Tokyo Kerb Copper Prices
81
Platts Discontinues Weekly FOB China Silicomanganese Assessment
81
Platts Discontinues Weekly FOB China Ferromanganese Assessment
82
Platts to Discontinue Domestic China FeCr
82
Argus Renames Black See Steel Series
82

Finance
Weather &
Emissions
Other

Freight 83
EEX Extends Dry Freight Futures
83
Argus Introduces US Fuel Oil, Coal, and Clean Freight Rates
84
Argus Adds China and Algeria Urea Freight Data Series
88
Platts Launches New Americas Dirty Tanker Assessments
89
Platts Adds Medium Range Clean Tanker Assessments for Asia
90
Platts Adds Asia Clean Tanker Assessments
91
Platts Launches Baltic-UK Continent Medium Range Clean Tanker Assessment
91

Data
Partners

Market
Analysis

September/October 2015

Summary

44
44
45
45
46
46
47
47
48
55
57
58
58

Summary

Natural Gas
NGX Expands to Alliance Transfer Pool
ICE Announces New Italian PSV Futures Contracts
ICE Endex and GasTerra to Run the Netherlands Gas Storage Auction
Platts Launches Natural Gas Assessments for Transco 6 and Tennessee
Platts Adds Spanish AOC Gas Assessments
Platts Adds Chicago Natural Gas Indexes
Platts to Add New REX Natural Gas Indexes
Argus Adds Multiple LNG Assessments
Argus Adds European Natural Gas Assessments
Platts to Launch LNG DES Brazil Netforward
CME Delists Trunkline and TETCO Futures
Argus Stopped Americas Natural Gas Series

Power
Petroleum
Nat Gas
Coal

Softs

112
112
112
113
114
116

Metals

Weather and Emissions


Argus Starts REC Assessments for PJM
CME Europe Launches Emissions Monthly and Daily Futures
Argus Discontinues SO2 US Daily Assessments
Argus Discontinues REC Assessments
ISDA Launches Initiative for a Derivatives Product Identification Standard

Data
Partners

Market
Analysis

September/October 2015

Other

125
125
126
127
128
129
130

Weather &
Emissions

Monthly Market Analysis


Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX)
Crude Oil Brent vs. WTI: Forward Curve (NYMEX)
Crude Oil Brent vs. WTI: Forward Curve (NYMEX)
Henry Hub Natural Gas Forward Curve (ICE)
Actual Weather (AccuWeather)
Electricity: Day-Ahead Prices (ICE)

Finance

118
118
118
120
121
122
123
124

Freight

Other 117
MCX Signs MoU to Set an International Exchange with International Financial Services
Center (IFSC) at GIFT City
117
DME Auctions to Enhance Spot Commodities Trading
117
News from Data Partners
ZEMA Adds Petroleum, Electricity, Natural Gas and Weather Data in September and October 2015
EEX and EPEX SPOT Respond to EU Consultation on Electricity Market Design
REMIT Reporting Service Launched
15-minute Contracts on Austrian Intraday Market Launched with Success
Argus Launches Brazilian Fertilizer Information Service
Argus Extends Annual Benchmark Assurance Review to Fertilizers and Petrochemicals
PetrochemWire Now Publishing Free Breaking News Stories

Editorial

Finance 94
ICE Futures Singapore Launches Mini Offshore and Onshore Renminbi Futures
94
Expanded Set of Cleared ICE Eris Interest Rate Futures
94
CME Adds New Russel 100 Index Futures
95
CBOT Commences Trading 7- and 20-Year Interest Rate Swap Futures
95
CME Adds E-mini FTSE Index Futures
96
Euronext Launches Weekly Options on French and Belgian Single Stocks
96
Xetra Launches UBS Equity Index ETF on Japanese Socially Responsible Companies
97
JSE launches JSE Eris Interest Rate Swap Futures
97
JSE Launches FTSE/JSE Responsible Investment Index Series
98
Argus Introduces New GBP Exchange Rate Series
99
Low Carbon Exposure Amundi ETFs Launched on Xetra
105
Xetra Initiates iShares Smart Beta ETFs for MSCI Multi-Factor Index Family
105
Bloomberg Launches Electronic Trading Platform for OTC Derivatives in Japan
106
Moscow Exchange to Launch Mini MICEX Index Futures
107

107
Euronext Launches the Euronext BeNe 40 Equal Weight Index
Euronext Extends the Spotlight Options to France
108
CBOE Launches New Options on Three FTSE Russell Indexes
108
Eurex Expands Equity Index Derivatives
109
SGX Launches Index Services in Asia
109
ICAP Launches the ICAP Euro Interest Rate Swap Index
110
CME Adds Expiration Months in Serial Options and Serial Mid-Curve Options on Eurodollar Futures
110
Bloomberg and the Ghana Fixed Income Market (GFIM) Launch Trading of Ghanaian Government Bonds
111

Summary

92
92
93
93

Summary

Platts to Add Nigeria, Canary Islands CST Bunker Fuel Assessments


Argus Discontinues Egypt Urea Freight Data Series
Argus Changes Description for Some Urea Freight Data Series
Argus Renames LNG Freight for Suez

Summary

Editorial

Editorial

Data Security
+ Data Surveillance

Power
Petroleum
Nat Gas

Editorial

= More Data Business

Coal

Softs
Metals
Freight

By Olga Gorstenko,
Editor-In-Chief Datawatch
olga@ze.com

Finance
Data
Partners
Market
Analysis

Other

September/October 2015

Weather &
Emissions

In todays fast paced business environment, risk is everywhere and data security is
rapidly changing. However, few things remain unchanged: hacker will create more
sophisticated scripts to get around your security fortresses trying to steal your identity, money,
and corporate secrets while security software developers will improve their defense systems to
counter those concerns. In the last several years however, we have been dealing with a
completely new type of data privacy violation that pushes the boundaries of the software
industry and introduces a geopolitical aspect to data security. With Edward Snowdens
disclosures of widespread US spying on its own citizens, a big bad wolf of mass surveillance
has emerged making good old firewalls look like childrens toys. Data privacy has been
pushed to the level of international politics and concerns are risings towards the tangible
negative effects of US governments surveillance efforts.

Editorial
Power
Petroleum
Nat Gas
Coal

Softs
Metals
Freight
Finance
Weather &
Emissions

Lets sum it up. The world finds out thatUS


intelligence has been collecting information
on all citizens and businesses that entered
the US legal space, or businesses touching
the interest of national security. Some take
it as good job, thank you for protecting us.
Others are not so joyful about it finding
violation of their personal and business
privacy unacceptable and contradictory to
basic legal rights. Then some countries start
a legal fight against these practices. The

Summary
Other

Data
Partners

Market
Analysis

September/October 2015

Acceptance of the new pact is not that


smooth throughout the EU. Germany, being
the most vocal among other state
members about the issue, has had multiple
run ins with the US authorities over
information monitoring. The newly released
Court decision failed to make Germanys
federal and regional data-protection
authorities any happier: they stated they
wouldnt approve any new transfers of data
to the US. Opponents to such a hard line
German position argue that data transfers
are crucial to carrying out daily business
operations and limiting such transfers would
cause market volatility.

Editorial

Following the Snowden disclosure in 2013,


the EU demanded changes to the Safe
Harbor agreement that allowed businesses
to move data generated by Europeans to
servers in the US. Ever since then, the EU
and the US have been negotiating updates
on it. In October 2015, the European Court
of Justice invalidated this agreement and
ruled that Europeans data was insufficiently

protected from national intelligence services


when transferred to the US. Following the
ruling, the EU and the US got into the
negotiations about the power given to the
national data protection authorities to
independently review and suspend data
transfers to the US. On October 26, 2015,
the EU announced that it had agreed in
principle with the US on a new trans-Atlantic
data-transfer pact; however European
officials are still looking for clear conditions
on how to ensure that these commitments
are binding enough to meet the courts
requirements and limits to the extent to
which the US intelligence services have
access to European personal data.

Editorial

Prior to loss of the publics naivet, the


general expectation was that data could be
shared only with authorization of the entity
producing this data. Apparently the US
National Security Agency(NSA) had another
opinion and pursued execution of their goals
and objectives with little regard given to what
was perceived to be information privacy.
Indeed, if there is no law defining these
boundaries, why not? Mass surveillance
practices have been in place for at least
a decade unknown to the general public.
Moreover, these practices have encouraged
development of very sophisticated spying
technology. It has been reported that this
technology is being built into software,
hardware, and electronic appliances that
we have been buying, renting and using in
the public domain. How much of this is true
is not for this particular discussion. For now,
lets just look at the reaction from the
governments of other countries.

Editor-In-Chief

Email: olga@ze.com

Power

ZEMA Inquiries
Sukh Grewal. P: 778-296-4264. E: sukh@ze.com

Editorial

Olga Gorstenko

Summary

Editorial

Advertising & Vendor Relationships


Laura Smyth. P: 604-790-3299. E: laura.smyth@ze.com
Contact DataWatch
E: datawatch@ze.com
Front Desk: 1-866-944-1469
Editorial Department: 778-296-4183
M: ZE PowerGroup Inc. 130-5920 No. 2 Road,
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To search our archives: www.datawatch.ze.com

Petroleum
Nat Gas

Get real-time data updates @zedatawatch


Subscribe on your iPad today

Coal

Softs
Metals
Freight
Finance
Weather &
Emissions
Other

discovery of the NSA sticking their nose in


other countries businesses on the
premise of national security put
relationships between these countries and
the US under severe stress. In addition, the
negotiations related to the US-EU
data-transfer pact created a breach
between Germany and more tolerant EU
member states. Now we have international
tension, loss of trust, and a completely new
legal framework. Yet being in embryonic
state, this framework has all signs of
transforming a self-regulating platform into
a completely new global business sector
with its law, regulators, service providers,
and an oversight system backed up by
enforcement, including sanctions. Skeptics
do not expect the NSA stepping too far from
its main premise of safeguarding the
interests of national security by continuing
on its course of global spying. As an
outcome, we enjoy the emergence of more
services stretching from new Apps
promising to protect us from electronic
spying, whether it is government, malicious
or just curious hackers to off-grid data
storage solutions. As a middle ground
between them, there are dedicated data
storage solutions, which guarantee that
your data is not out there somewhere in
the cloud, but instead is on private
servers. And there is another specialty that
is getting more traction: cryptography. The
development of cryptosystems that
include elements that render data
undecipherable should not fall into the
wrong hands is becoming a
serious business. <

Data
Partners

Market
Analysis

September/October 2015

Summary

Editorial

Power

Power
Petroleum

EPEX SPOT Price Data Incorporated on EEX


Transparency Platform
As of September 3, 2015, EEX Transparency Platform displays day-ahead and
intraday prices for the Austrian, Germany and Swiss markets operated by EPEX SPOT.

Metals
Freight
Finance

See the original announcement.

Weather &
Emissions

EEX Starts Trading in Cap Futures for German Market


On September 14, 2015, the European Energy Exchange (EEX) launched
Cap Futures, which allow to hedge against price peaks that may occur on the
German intraday power market.
Short code
C1B1
C1B2
C1B3
C1B4
C1B5

Name
German Intraday Cap Future
German Intraday Cap Future
German Intraday Cap Future
German Intraday Cap Future
German Intraday Cap Future

Data
Partners

WKN
A160PX
A160PY
A160PZ
A160P0
A160P1

Other

Market
Analysis

September/October 2015

Softs

ZEMA is used by the front, mid, and back-office professionals in power market. To learn how ZEMA can
be tailored to your specific needs and give you access to the right information, book a complimentary ZEMA demo at
www.ze.com/book-a-demo.

ISIN
DE000A160PX2
DE000A160PY0
DE000A160PZ7
DE000A160P05
DE000A160P13

Coal

The intraday prices are taken from the weighted average figures calculated for the continuous
trading in frequent intervals by EPEX SPOT. The figures shown on the EEX Transparency
Platform include the hourly contracts only, and are disclosed one hour after the passed
operational hour since intraday prices together with the actual in-feed of renewables impact
the actual power production of individual conventional generating units.

Nat Gas

The day-ahead auction for Switzerland closes daily at 11 am (CET/CEST) and for the joint
market area of Germany/Austria at 12 pm. Although the price determination will
immediately started after that gate closure and the results are published in accordance to the
auction rules at EPEX SPOTs website, the publication at the EEX Transparency Platform will
be done simultaneously with the disclosure of the forecasted in-feed of wind and solar energy
and the planned power production at 6 pm daily. This follows the fact that the day-ahead
auction prices together with the forecasted in-feed of renewables are main drivers for the
planned power production of conventional generating units.

Summary

Editorial

Power

The amount of the payment corresponds to the difference between the market price,
measured by the ID3-Price published by EPEX SPOT, and the amount of the cap. The Cap
Future is a financially settled derivatives contract developed against the backdrop of the
increasing generation of renewable energies, which cannot be planned reliably in advance.
This in turn, means that an increasing number of price peaks can occur on the German
Intraday Market. For example, the Cap Future enables marketers of wind energy to hedge
against high prices for compensating purchases should the wind yield prove to be lower than
expected. Operators of conventional, flexible power plants can hedge against the price peaks
to be expected in advance and, therefore, secure the expected revenues from price peaks.

Power
Petroleum

ZEMA collects thousands of regular data reports on power, more than 700 of which are based in Europe. To learn more
about ZEMAs huge data library, visit www.ze.com/the-zema-solutions/data.
See the original announcement.

Nat Gas

EEX Launched French Power Options

Coal

On September 14, 2015, the European Energy Exchange (EEX) registered


the first trades in its new French power options. First transactions were concluded
in French options for annual delivery in 2016. EEXs offering for power options comprises
European-style options on monthly, quarterly and annual contracts (base load only).

Softs

Since 2004, EEX has been offering power options for Germany / Austria (Phelix Options)
markets and extended its line to the French, Italian and Spanish market areas on
27 August 2015.

Metals

See the original announcement.

Freight

The graph below shows a comparison of historical French base load electricity futures prices
to historical Phelix futures prices on the European Energy Exchange. Analysis like this can be
easily generated within ZEMAs Market Analyzer. To learn more, book a ZEMA demonstration
at www.ze.com/book-a-demo.

Finance

Graph created with ZEMA


Weather &
Emissions
Other

Data
Partners

September/October 2015

Market
Analysis

(Data Source: EEX French Power Futures and Phelix Futures reports)

Power

Nord Pool Spot Intraday Web is backed by Elbas platform and will be available to customers
trading in all countries where Nord Pool Spot operates. Intraday Web is also compatible with
the future requirements of intraday coupling across Europe.

Editorial

Nord Pool Spot launches the common intraday trading solution - Nord Pool
Spot Intraday Web on September/October 10, 2015.

Summary

Power

Nord Pool Spot Announces New Intraday Web Platform

Petroleum

This will be the latest delivery in Nord Pool Spots concerted drive to provide a future-proof
single trading and clearing solution, addressing the needs of its customers in a rapidly
changing European market.

Coal

The graph below shows historical Nordpool electricity prices for Finland. Analyses like this can
be easily generated within ZEMAs Market Analyser. To learn more, book a
ZEMA demonstration at www.ze.com/book-a-demo.

Nat Gas

Nord Pool Spot Intraday Web will offer a complete European product offering tailored to each
market, including 15, 30 and 60 minute products, all standard block products and
customizable blocks.

See the original announcement.


Softs
Metals

Graph created with ZEMA

Freight
Finance
Weather &
Emissions

Data Source: EEX French Power Futures and Phelix Futures reports
See the original announcement.

Other

Data
Partners

10

Market
Analysis

September/October 2015

PA0017216

Slovenia OTC base load day-ahead

PA0017216

Slovenia OTC base load day-ahead

PA0017217

Slovenia OTC base load month

PA0017217

Slovenia OTC base load month

PA0017218

Slovenia OTC base load year

PA0017218

Slovenia OTC base load year

PA0017219

Slovenia OTC base load week

PA0017219

Slovenia OTC base load week

Nat Gas

Description

Petroleum

Price type Continuous forward

Power

PA-code

Coal

See the original announcement.

Softs

Argus Adds ISO-NE and PJM Forward Curves


On September 18, 2015, Argus started publishing the following markets
to the Argus North American Electricity Forward Curves:

278

ISO-NE - New Hampshire Zone

279

ISO-NE - Rhode Island Zone

280

ISO-NE - SEMA Zone

281

ISO-NE - WCMA Zone

282

PJM - AECO Zone

283

PJM - AEP Zone

284

PJM - APS Zone

285

PJM - Dayton Zone

286

PJM - Duquesne Zone

287

PJM - Penelec Zone

288

PJM - RECO Zone

Data
Partners

ISO-NE - NEMA Zone

Other

277

Weather &
Emissions

ISO-NE - Maine Zone

Finance

276

Freight

Description

Metals

MarketId

ZEMA, an enterprise data management solution, has been collecting ISO data since
deregulation of power markets. ZEMA collects generation, price, and other data reports in all
11

Market
Analysis

September/October 2015

Editorial

Effective September 1, 2015, Argus launches new series of daily electricity


OTC assessment for Slovenia reported in Euro/MWh:

Summary

Power

Argus to Start Slovenia OTC Base Load Electricity Assessments

Coal

Softs

Platts will continue to publish a high-low range around its midpoint assessments for European
power symbols in Market Data categories EE and PE, as well as the high-low range around its
midpoint assessments for the German forward assessments in a separate table in European
Power Daily.

Nat Gas

Platts already publishes midpoint values in GBP/MWh and Eur/MWh for UK power in
European Power Daily. Platts assesses the Polish and Turkish electricity markets on a
midpoint only basis since December 2013 and July 2014, respectively.

Petroleum

Effective September/October 2, 2015, Platts starts publishing publish a single value


for each of its European electricity assessments in European Power Daily, European
Power Alert and Platts Market Data. The value will reflect the midpoint of the current high-low
assessment range. Platts will publish price assessments in its European Power Daily
newsletter and European Power Alert real-time services that reflect the midpoint values only,
and will no longer display the high and low range.

Power

Platts to Publish European Electricity Midpoint Assessments

Editorial

See the original announcement.

Summary

Power

granularities, including monthly, daily, hourly, and 5-minute. Additionally, ZEMA has
advanced display and analytic capabilities which make the task of assessing electricity
markets simple. To learn more, visit http://www.ze.com/the-zema-solutions/.

See the original announcement.


Metals

Platts Discontinues German Far Month Power Assessments

Freight

Effective September 1, 2015, Platts discontinues the following German


forward electricity assessments:
German month-ahead+4 baseload and peakload (AAFPE00 and AAFPJ00)
German month-ahead+5 baseload and peakload (AAFPF00 and AAFPK00)

Finance

Platts will continue to assess the German month-ahead+3 baseload and peakload contracts
(AAFPD00 and AAFPI00).

Weather &
Emissions

Assessments reflect over-the-counter trade for physical delivery; they are published on
European Power Alert page 58, in Platts Market Data categories EE and PE and in European
Power Daily.

See the original announcement.


Other

Data
Partners

12

Market
Analysis

September/October 2015

Summary

Editorial

Power

Power
Petroleum
Nat Gas
Coal

FERC Proposes Price Formation Adjustments


for Organized Markets
On September 17, 2015, the Federal Energy Regulatory Commission (FERC) published the
Notice of Proposed Ruling that is aimed at fixing the price formation mechanisms for the
power markets.

Other

Data
Partners
Market
Analysis

13

Weather &
Emissions

September/October 2015

Finance

See the original announcement.

Freight

2. Requiring that each organized market trigger shortage pricing for any dispatch interval
during which a shortage of energy or operating reserves occurs. In some markets a
shortage is required to last a minimum time period before shortage pricing is triggered. As a
result, there is a delay between the time when a system experiences a shortage of
energy and operating reserves and the time when prices reflect those shortages. The
proposed shortage pricing trigger reform will require a shortage of any duration to be
reflected in prices, and will thus compensate resources for the value of the services they
provide when the system needs energy or operating reserves.

Metals

1. Requiring that each organized market align settlement and dispatch intervals by settling
real-time energy and operating reserves transactions financially at the same time interval
that it dispatches energy and prices operating reserves. Currently, while all markets dispatch resources sub hourly, some settle those transactions based on an hourly integrated
price a price that equals the average price for all individual dispatch intervals across an
hour. The proposed settlement interval reform provides incentives for market participants
to follow commitment and dispatch instructions, make efficient investments in facilities
and equipment and maintain reliability.

Softs

FERC proposes to address two practices that fail to provide appropriate signals for resources
to respond to the actual operating needs and properly reflect system conditions and costs to
serve consumers when compensating resources within organized markets:

Summary

Editorial

Petroleum

Power
Petroleum
Nat Gas
Coal

EIA Starts Monthly Survey-based Reporting


of U.S. Crude Production
On August 31, 2015, EIA started survey-based reporting of monthly U.S. crude
oil production statistics into its Petroleum Supply Monthly report.

Weather &
Emissions
Other

Data
Partners
Market
Analysis

14

Finance

September/October 2015

Freight

Crude oil production data collected on the expanded survey are used as inputs to several EIA
products, including the Petroleum Supply Monthly and widely followed forecasts such as the
Short-Term Energy Outlook and the Annual Energy Outlook. Crude oil production data continue to be available in its prior locations on EIAs data pages and will also be presented on
EIAs Monthly Crude Oil and Natural Gas Production webpage alongside natural gas data from
the expanded operator survey. Later in 2015, EIA will include estimates of monthly crude oil
production by density, as measured by API gravity, for the individually surveyed states and the
federal Gulf of Mexico.

Metals

Estimates of U.S. oil production by EIA have been based in the past on tax and other
production data obtained directly from state agencies. Given the timetable for EIAs data
products, much of that information is lagged and incomplete at the time of initial publication.
For several states, the time from a particular months originally reported production volume
to when that same months reporting could be considered final (i.e., with no or very minimal
further revisions) is several months to well over a year. The survey-based approach improves
regional estimates by representing well over 90% of oil production in the United States.

Softs

The expanded Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report
survey collects monthly oil production data from a sample of operators of oil and gas wells in
15 individual states and the federal Gulf of Mexico; production from all remaining states and
the federal Pacific is reported collectively in an other states category. The states and regions
individually surveyed include Arkansas, California, Colorado, Kansas, Louisiana, Montana,
New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia,
Wyoming, and the federal Gulf of Mexico.

Summary

Editorial
Power

Graph created with ZEMA

Petroleum

The ZEMA graph below shows monthly U.S. Crude Production from EIA Monthly Survey which
is available in ZEMA database. This data for every region is also available in ZEMA. Analysis
like this can easily be generated within ZEMAs Market Analyzer tool. To learn more, or to book
a complimentary ZEMA demonstration, visit www.ze.com/book-a-demo/.

Petroleum
Nat Gas
Coal

Data Source: EIA Monthly U.S. Crude Production


Softs

To learn more about the price of petroleum products in the United States, you can use ZEMA to view records
from and the US Energy Information Administration (EIA). To book a complimentary ZEMA demonstration, visit
www.ze.com/book-a-demo/.

Metals

See the original announcement.

ICE Futures Singapore Launches Mini Brent and Mini Gasoil

Freight

Effective September/October 17, 2015, ICE Futures Singapore and ICE


Clear Singapore launch new contracts for Brent and gasoil, subject to final
approval by the Monetary Authority of Singapore:

Finance

Mini Brent Futures


Contract Symbol: BM
Contract Size: 100 barrels
Unit of Trading: Any multiple of 100 barrels
Currency: US Dollars

Weather &
Emissions
Data
Partners

15

Market
Analysis

September/October 2015

Other

Mini Gasoil Futures


Contract Symbol: GM
Contract Size: 10 metric tons
Unit of Trading: Any multiple of 10 metric tons
Currency: US Dollars

Editorial

See the original announcement.

Summary

Petroleum

ZEMA is used by the front, mid, and back-office professionals in the petroleum market. To learn how
ZEMA can be tailored to your specific needs and give you access to the right information, book a complimentary ZEMA
demo at www.ze.com/book-a-demo.

CME Lists Light Louisiana Crude Oil Average Price Options


Power

Effective September 14, 2015, CME launches new European-style Light


Louisiana Sweet Crude Oil Average Price Option contracts
LLS (Argus) Crude Oil Average Price Option

XAO

LLS (Argus) vs. WTI Crude Oil Average Price Option

WJO

LLS (Argus) vs. Brent Crude Oil Average Price Option

LRO

Coal

The graph blow demonstrates what type of analysis can be performed with ZEMA on CME LLS
swaps. Leverage ZEMAs sophisticated analytical functionalities to make more informed
decisions. To learn more, book a complimentary ZEMA demonstration.

Nat Gas

Commodity Code

Petroleum

Contract Name

See the original announcement.


Softs
Metals

Graph created with ZEMA

Freight
Finance
Weather &
Emissions

Data Source : CME

NYMEX Launches Options on Brent Futures

Option on Brent Crude Oil Futures

Code

BZO

Trading Venues

Globex, ClearPort & NYMEX Trading Floor

16

Market
Analysis

September/October 2015

Data
Partners

Description

Other

Effective October 12, 2015, NYMEX starts trading American-style option on


Brent Crude Oil Futures with premium paid at time of exercise or assignment.

American

Block Eligible / Minimum Block Quantity

Yes / 25

Exercise Price Intervals and Listings

ATM +/- 100 strikes at 0.50 intervals followed by


20 strikes at 2.50 intervals followed by 10 strikes
at 5.00 intervals followed by 70 strikes at
10.00 intervals

Nat Gas

Exercise Style

Petroleum

CME Globex: Dec-15 May-17


CME ClearPort & Open Outcry: Dec-15 Dec-22

Power

Initial Contracts

Editorial

Series Listing Convention

CME Globex: Monthly contracts listed for


18 consecutive months CME ClearPort & Open
Outcry: Monthly contracts listed for the current year
and the next 7 calendar years.

Summary

1,000 Barrels

Petroleum

Product Size

Coal

The graph below shows implied volatility of other NYMEX products, natural gas options. This
analysis was developed in ZEMA, ZEs data management software.
See the original announcement.

Softs

Graph created with ZEMA

Metals
Freight
Finance

Data Source : NYMEX

Weather &
Emissions
Other

Data
Partners

17

Market
Analysis

September/October 2015

Unit

Category

USD/st ->Asphalt->Americas->US east coast

ZEMA collects almost 100 Argus reports on petroleum and other liquids. To learn more about ZEMAs extensive data
coverage, visit www.ze.com/the-zema-solutions/data.

Nat Gas

See the original announcement.

Petroleum

USD/st ->Asphalt->Americas->US east coast

Power

Time
Price
Description
stamp type
Asphalt (bitumen) cif
PA0017626 0
1
mid-Atlantic
Asphalt (bitumen) cif
PA0017626 0
2
mid-Atlantic
PA-code

Editorial

Effective September 18, 2015, Argus starts publishing weekly asphalt


assessments for mid-Atlantic region:

Summary

Petroleum

Argus Adds Mid-Atlantic Asphalt Series

Argus Starts DeWitt C5 and Hydrocarbon Resins Assessment


Time Price Continuous
stamp type forward

PA0017291

Description

Unit

Category

DCPD UPR grade US


import cif Canada

USD/t

Petrochemicals->
Hydrocarbons

Softs

PA-code

Coal

Effective September 21, 2015, Argus adds monthly DeWitt C5 and


Hydrocarbon Resins series.

Metals

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more, book a
complimentary ZEMA demonstration.
See the original announcement.

Freight

Argus Expands Crude Oil and NGL Pipeline Tariff Set

PA-code

Category

USD/bl

->Freight->Pipeline
tarrifs->Crude oil

USD/bl

->Freight->Pipeline
tarrifs->Crude oil

USD/bl

->Freight->Pipeline
tarrifs->Crude oil

USD/bl

->Freight->Pipeline
tarrifs->Crude oil

PA0017297 2

20

Crude pipeline tariff


Hardisty - Houston heavy
uncommitted

PA0017298 2

20

Crude pipeline tariff North


Dakota - Clearbrook

PA0017299 2

20

PA0017300 2

20

18

Market
Analysis

September/October 2015

Crude pipeline tariff West


Texas - Houston
Crude pipeline tariff
Wyoming - Cushing
uncommitted

Data
Partners

Unit

Other

Description

Weather &
Emissions

Time
Price
stamp type

Finance

Effective September 01, 2015 Argus adds new monthly assessments


for North American pipeline tariff :

Description

Unit

Category

20

Crude pipeline tariff


USD/bl
Wyoming - Cushing >30kbd

PA0017302 2

20

NGL pipeline tariff Conway ->Freight->Pipeline


USC/USG
Mont Belvieu
tarrifs->NGL

->Freight->Pipeline
tarrifs->Crude oil

Power

ZEMA collects over 100 Argus reports, several which pertain to petroleum products. To find out how ZEMA can analyze
this data and share this analysis with downstream systems, visit www.ze.com/the-zema-solutions.

Petroleum

See the original announcement.

Nat Gas

Argus Adds New German Gasoil and Gasoline Codes


Effective October 12, 2015, Argus starts publishing new daily German fuel
series, which will appear in DGRFUEL module:

PA0015364

PA0015381

->Products->Gasoil/Diesel/
Heating oil->Northwest Europe

->Products->Gasoil/Diesel/
Heating oil->Northwest Europe

->Products->Gasoil/Diesel/
Heating oil->Northwest Europe

->Products->Gasoil/Diesel/
Heating oil->Northwest Europe

->Products->Gasoil/Diesel/
Heating oil->Northwest Europe
->Products->Gasoline->
Northwest Europe

PA0015396 2

Gasoline 95r E5 Cologne


Lowland Germany fca truck

->Products->Gasoline->
Northwest Europe

PA0015397 4

Gasoline 95r E5 Cologne


Lowland Germany fca truck index

->Products->Gasoline->
Northwest Europe

19

Market
Analysis

September/October 2015

Data
Partners

Gasoline 95r E5 Cologne


Lowland Germany fca truck

Other

PA0015396 1

Weather &
Emissions

->Products->Gasoil/Diesel/
Heating oil->Northwest Europe

Finance

PA0015380

Freight

PA0015380

Category

Metals

PA0015365

Diff basis

Softs

PA0015364

Price
Description
type
Gasoil heating oil 50ppm
2
Cologne Lowland Germany
fca truck
Gasoil heating oil 50ppm
1
Cologne Lowland Germany
fca truck
Gasoil heating oil 50ppm
4
Cologne Lowland Germany
fca truck index
Gasoil diesel EN 590
1
10ppm Cologne Lowland
Germany fca truck
Gasoil diesel EN 590
2
10ppm Cologne Lowland
Germany fca truck
Gasoil diesel EN 590
10ppm Cologne Lowland
4
Germany fca truck index

Coal

PA-code

Editorial

PA0017301 2

Summary

Time
Price
stamp type

Petroleum

PA-code

PA0016332 7

Gasoline 95r E10 Cologne


Lowland Germany fca truck

->Products->Gasoline->
Northwest Europe
->Products->Gasoline->
Northwest Europe

Coal

Gasoline 95r E10 Cologne


Lowland Germany fca truck

->Products->Gasoline->
Northwest Europe

Nat Gas

PA0016332 6

->Products->Gasoline->
Northwest Europe

Petroleum

Gasoline 98r Cologne


Lowland Germany fca truck

->Products->Gasoline->
Northwest Europe

Power

PA0015413 49

->Products->Gasoline->
Northwest Europe

Editorial

Gasoline 98r Cologne


Lowland Germany fca truck

Gasoline 95r E5
Cologne Lowland
Germany
Gasoline 95r E5
Cologne Lowland
Germany
Gasoline 95r E5
Cologne Lowland
Germany
Gasoline 95r E5
Cologne Lowland
Germany
Gasoline 95r E5
Cologne Lowland
Germany
Gasoline 95r E5
Cologne Lowland
Germany

Category

Summary

PA0015413 4

Diff basis

Petroleum

Price
Description
type
Gasoline 95r E10 Cologne
PA0015412 4
Lowland Germany fca truck
index
Gasoline 95r E10 Cologne
PA0015412 49
Lowland Germany fca truck
index

PA-code

See the original announcement.

PA0015366

PA0015367

PA0015382

Euro/100l
Euro/100l
Euro/100l
Euro/100l
Euro/100l

->Products->Gasoil/Diesel/
Heating oil->Northwest Europe
->Products->Gasoil/Diesel/
Heating oil->Northwest Europe
->Products->Gasoil/Diesel/
Heating oil->Northwest Europe
->Products->Gasoil/Diesel/
Heating oil->Northwest Europe
->Products->Gasoil/Diesel/
Heating oil->Northwest Europe

Data
Partners

PA0015383

Euro/100l

Other

PA0015382

Euro/100l

->Products->Gasoil/Diesel/
Heating oil->Northwest Europe
->Products->Gasoil/Diesel/
Heating oil->Northwest Europe
->Products->Gasoil/Diesel/
Heating oil->Northwest Europe

Weather &
Emissions

PA0015382

Euro/100l

Category

Finance

PA0015366

Unit

Freight

PA0015366

Price
Description
type
Gasoil heating oil 50ppm
2
southeast Germany fca truck
Gasoil heating oil 50ppm
1
southeast Germany fca truck
Gasoil heating oil 50ppm
8
southeast Germany fca truck
Gasoil heating oil 50ppm
4
southeast Germany fca truck
index
Gasoil diesel EN 590 10ppm
2
southeast Germany fca truck
Gasoil diesel EN 590 10ppm
1
southeast Germany fca truck
Gasoil diesel EN 590 10ppm
8
southeast Germany fca truck
Gasoil diesel EN 590 10ppm
4
southeast Germany fca truck
index

Metals

PA-code

Softs

Effective October 19, 2015, the following daily codes will be added to the Argus German Fuels
(Handel) data module

See the original announcement.


20

Market
Analysis

September/October 2015

Summary

Editorial

Petroleum

Power
Petroleum

Platts Launches Asia Metallocene C6 LLDPE Assessments

Nat Gas

Effective September 30, 2015, Platts starts assessing CFR China, CFR Southeast
Asia, CFR South Asia metallocene C6 linear low density polyethylene prices on
a weekly basis. The assessment methodology for metallocene C6 LLDPE is as follows:

Coal

Assessment window: Weekly assessments of metallocene C6 LLDPE based on


latest information sourced from the market up to the close of the assessment window at
4:30 pm Singapore time (0830 GMT) on Wednesday.
Basis and locations: CFR China: Shanghai, Ningbo, Xiamen, Shenzhen, Huangpu, Guangzhou,
Xingang and Qingdao, Shantou, Tianjin;

Metals

CFR South East Asia: Indonesia (Jakarta, Surabaya), Singapore, Philippines (Manila Bay),
Malaysia (Port Klang),Thailand (Map Tap Phut, Laem Chabang), Vietnam (Ho Chi Minh);

Softs

Timing: Cargoes for delivery 15-30 days forward from date of publication.

CFR South Asia: India (Kolkata, Chennai, Mumbai, Nhava Sheva), Pakistan (Karachi).
Freight

Cargo size: 100-500 mt


Terms and conditions: LC 30-90 days credit terms

Finance

Quality specification: 1-Hexene comonomer with a density of 918-940 kg/m3 with a melt
flow index between 1.0-4.5

Weather &
Emissions

See the original announcement.

Other

Data
Partners

21

Market
Analysis

September/October 2015

Power
Nat Gas
Coal

Softs

ZEMA, ZEs data management solution, collects over 350 Platts data reports on petroleum and other liquids. To learn
more about ZEMAs vast data library, visit www.ze.com/the-zema-solutions/data-coverage.

Petroleum

West Africa Gasoline CIF West Africa. The CIF West Africa assessment is to be calculated as
a freight net-forward from the FOB Northwest European assessment, using a basket of two
Worldscale flat rates; Amsterdam-Lome and Amsterdam-Lagos. The 2015 Worldscale flat
rate used to calculate the net-forward formula for the CIF assessment is $19.11/mt. This
CIF assessment would be calculated by multiplying the Worldscale flat rate by the Platts
daily tanker rate assessment for UKC-West Africa 37,000 mt cargoes (PFAMH00).

See the original announcement.

Metals

Platts to Start Daily Ethanol Grade B CFR Ulsan Assessment

Freight

Platts proposes to start assessing Ethanol Grade B on a CFR Ulsan basis


from October 1, 2015.
The daily assessment would reflect the daily traded or tradable value of imported Ethanol
Grade B at 4:30 pm Singapore time (0830 GMT). It is proposed that the assessment will
reflect typical grade B specifications, normalized to standard Ethanol Grade B at 20 degrees
with a maximum of 40mg/100ml of higher alcohols. Volume would be normalized to
5,000 cu m, while the timing would be for delivery to Ulsan 60-90 days forward.

Finance
Other

ZEMA is used by the front-, mid-, and back-office professionals in the petroleum market. To learn how ZEMA can be
tailored to your specific needs and give you access to the right information, book a complimentary ZEMA demo
at www.ze.com/book-a-demo.

Weather &
Emissions

As per Platts methodology, the assessment would be made using transactional information
collected daily, including transactions, bids and offers. In the absence of representative CFR
Ulsan price information, Platts may also refer to FOB prices from relevant supply origins using
prevailing spot freight rates.

Data
Partners

See the original announcement.

22

Market
Analysis

September/October 2015

Editorial

West Africa Gasoline FOB Northwest Europe. The FOB Northwest European assessment
is basis FOB Amsterdam, with bids and offers from other locations in Northwest Europe
normalized back to Amsterdam. The FOB NWE cargo assessment represents cargoes of
34,000 mt plus/minus 10% tolerance with other cargo sizes also considered for
assessment purposes but normalized back to the reference cargo size.

Summary

On September 3, 2015, Platts launches new assessments relating to imports of gasoline into
West Africa.

Petroleum

Platts Launches West African Grade Gasoline


Cargo Assessments

Number

ASTM D 2700

Min 72.0

Total sulfur

wt.ppm

ASTM D 5453

Max 250.0

Benzene content

%vol

ASTM D 5580

Max 2.5

50% evaporated

deg C

ASTM D86

Min 50

Lead

wt.ppb

ICP-MS

13 Max.

Arsenic

wt.ppb

ICP-MS

20 Max.

Initial Boiling Point

deg C

ASTM D 86

25 Min.

Final Boiling Point

deg C

ASTM D 86

204 Max.

Mercury

wt.ppb

UOP 938

Report

Paraffins

vol%

ASTM D 6839

Report

Olefins

vol%

ASTM D 6839

Report

Naphthenes

vol%

ASTM D 6839

Report

Aromatics

vol%

ASTM D 6839

Report

Oxygenated Compounds vol%

ASTM D 6839

0.2 Max.

Mercaptan sulfur

wt%

ASTM D 3227

Max 0.001

RVP

psi

ASTM D 6378

Max 13.0

Weather &
Emissions

Research Octane

Finance

Min 0.660

Freight

ASTM D 4052

Metals

kg/L

Softs

Density

Coal

Specification

Nat Gas

Test Method

Petroleum

Unit

Power

Property

Editorial

On September 1, 2015, Platts launches a CFR Singapore naphtha assessment.


The new assessment reflects cargoes delivering into any approved Platts FOB Straits
terminal 15-30 days ahead of the date of publication and of parcel size in the range of
50,000 to 150,000 barrels. Platts would publish the assessment as both an outright value
and as a differential against the FOB Singapore Naphtha MOPS Strip. Platts will assess CFR
Singapore naphtha with the following standard specifications:

Summary

Petroleum

Platts Launches CFR Singapore Naphtha Assessment

Other

This assessment will be published on Platts Global Alert, Platts Asia-Pacific/Arab Gulf
Marketscan and in the Platts price assessment database.

Data
Partners

23

Market
Analysis

September/October 2015

Editorial

Graph created with ZEMA

Summary

Petroleum

The graph below shows the average monthly swap futures for Singapore Naphtha
and Singapore Jet Kerosene.

Power
Petroleum
Nat Gas

Data Source: CME NYMEX Futures Settlement report

Coal

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more,
book a complimentary ZEMA demonstration.
See the original announcement.

Softs

Platts Launches Daily Medium Range


Americas Clean Tanker Assessments

Metals

Effective September 1, 2015, Platts launched six new daily Medium Range(MR)clean tanker
assessments from the US and Canada to reflect established trade routes for clean products
out of these regions and are based on modern MR tonnage:

Market
Analysis

24

Data
Partners

September/October 2015

Other

4. US GULF COAST TO ECUADOR: This assessment reflects the US Gulf Coast to Ecuador route
for a clean MR tanker carrying a cargo of 38,000 mt. The assessment reflects loadings from

Weather &
Emissions

3. US GULF COAST TO PERU: This assessment reflects the US Gulf Coast to Peru route for a
clean MR tanker carrying a cargo of 38,000 mt. The assessment reflects loadings from US
Gulf Coast ports such as Houston, Pascagoula and Corpus Christi, and discharge at ports
including Callao and La Pampilla.

Finance

2. US GULF COAST TO CHILE: This assessment reflects the US Gulf Coast to Chile route for a
clean MR tanker carrying a cargo of 38,000 mt. The assessment reflects loadings from US
Gulf Coast ports such as Port Arthur, Port of South Louisiana and Houston, and discharge
at ports including Quintero, Mejillones and Iquique.

Freight

1. US GULF COAST TO EAST COAST MEXICO: This assessment reflects the US Gulf Coast to
East Coast Mexico route for a clean MR tanker carrying a cargo of 38,000 mt. The
assessment reflects loadings from the US Gulf Coast, such as Port Arthur, Houston and the
Galveston Lightering and Anchorage area, and discharge at ports including Coatzacoalcos
(Pajaritos) and Tuxpan.

Editorial
Power

5. US GULF COAST TO CARIBBEAN: This assessment reflects the US Gulf Coast to Caribbean
route for a clean MR tanker carrying a cargo of 38,000 mt. The assessment reflects
loadings from US Gulf Coast ports such as Houston, Port Arthur, Port of South Louisiana
and Corpus Christi, and discharge at ports including Puerto Prodeco, Cartagena and
Barranquilla in Colombia; Jose in Venezuela; St Eustatius; Rio Haina in Dominican
Republic; Kingston in Jamaica and St Lucia.

Summary

Petroleum

US Gulf Coast ports such as Texas City, Houston and Corpus Christi, and discharge at the
ports of La Libertad and Esmeraldas (Balao).

Petroleum

6. EAST COAST CANADA TO US ATLANTIC COAST: This assessment reflects the East Coast
Canada to US Atlantic Coast route for a clean MR tanker carrying a cargo of 38,000 mt. The
assessment reflects loadings from ports such as Saint John and Whiffen Head (Come By
Chance) and discharge at ports including Boston, Portland and New York.

Nat Gas

The new Americas clean tanker assessments appear in Platts Clean Tankerwire, on Platts
Global Alert page 1912 and in the price database.
See the original announcement.

Coal

Platts Launches US VGO Outright Assessments

Finance
Weather &
Emissions
Other

Data
Partners

25

Market
Analysis

September/October 2015

Freight

AUVGA00: VGO 0.5% Sulfur CIF USAC Barge


AUVGA03: VGO 0.5% Sulfur CIF USAC Barge MAvg
AAYMW00: VGO 0.5% Sulfur CIF USGC Barge
AAYMW03: VGO 0.5% Sulfur CIF USGC Barge MAvg
AUVGD00: VGO 0.5% Sulfur CIF USWC Barge
AUVGD03: VGO 0.5% Sulfur CIF USWC Barge MAvg
AUVGB00: VGO 1% Sulfur CIF USAC Barge
AUVGB03: VGO 1% Sulfur CIF USAC Barge MAvg
AAZMW00: VGO 1% Sulfur CIF USGC Barge
AAZMW03: VGO 1% Sulfur CIF USGC Barge MAvg
AUVGC00: VGO 2% Sulfur CIF USAC Barge
AUVGC03: VGO 2% Sulfur CIF USAC Barge MAvg
AUVGO00: VGO 2% Sulfur CIF USGC Barge
AUVGO03: VGO 2% Sulfur CIF USGC Barge MAvg

Metals

The new symbols are:

Softs

On September 1, 2015, Platts began publishing outright price values for its
eight US Gulf Coast, Atlantic Coast and West Coast vacuum gasoil assessments.
These outright price assessments are published in US dollars per barrel and complement
existing assessments of VGO, which are published as differentials against WTI crude for 0.5%,
1% and 2% sulfur VGO.

Editorial
Power

Platts currently assesses gasoline and heating oil-related differentials in cents per gallon for
USGC, USAC and USWC VGO, where these differentials represent the value of VGO compared
with a weighted average of Platts waterborne gasoline (70%) and waterborne heating oil
(30%) assessments.

Summary

The assessments will appear in North American Crude and Products Scan and on PGA pages
764 and 765.

Petroleum

AUVGE00: VGO 2% Sulfur CIF USWC Barge


AUVGE03: VGO 2% Sulfur CIF USWC Barge MAvg

Petroleum

See the original announcement.

Nat Gas

Platts Launches US DINP, DOTP Assessments


Platts launches US DINP and DOTP assessments on a weekly basis
starting October 1, 2015.

Coal

Specifications for standard DINP are: Density between 0.97-0.98 g/cm3. The proposed
weekly domestic delivered East of the Rockies (DER) price assessment to medium-sized
customers by tank car or truck would reflect a cargo size of 44,000-45,000 lb. Larger cargo
sizes may be assessed, but will be normalized to standard volumes. Minimum purity level
would be at 99.6% with a maximum water content of 0.05%.

Metals
Freight

See the original announcement.

Softs

Specifications for DOTP are: Density between 0.98-0.99 g/cm3. The proposed weekly
domestic delivered East of the Rockies (DER) price assessment to medium-sized customers
by tank car or truck would reflect a cargo size of 44,000-45,000 lb. Larger cargo sizes may be
assessed, but will be normalized to standard volumes. Minimum purity level would be at 99%
with a maximum water content of 0.1%.

Platts Starts Daily Ethanol Grade B CFR Ulsan Assessment

Other
Market
Analysis

26

Data
Partners

The assessment is available in BiofuelScan, Platts Biofuels Alert, Platts Weekly Ethanol Report
and Platts Market Data category BF.
September/October 2015

Weather &
Emissions

The assessment will be made using transactional information collected daily, including
transactions, bids and offers. In the absence of representative CFR Ulsan price information,
Platts may also refer to FOB prices from relevant supply origins using prevailing spot
freight rates.

Finance

On October 1, 2015, Platts starts assessing Ethanol Grade B on a CFR Ulsan


basis. The daily assessment reflects the daily traded or tradable value of imported
Ethanol Grade B at 1630 Singapore time (0830 GMT). The assessment reflects typical
grade B specifications, normalized to standard Ethanol Grade B at 20 degrees with a
maximum of 40mg/100ml of higher alcohols. Volume will be normalized to 5,000 cu m, while
the timing will be for delivery to Ulsan 60-90 days forward.

Summary

Editorial

Petroleum

The graph below shows different types of correlation between New York ethanol futures and
light sweet crude oil futures and options, prepared with ZEMA. To learn more how ZEMA can
help with analysis, book a complimentary ZEMA demonstration.
Graph created with ZEMA

Power
Petroleum
Nat Gas
Coal

Data Source : NYMEX


See the original announcement.

Softs

Platts Launches Rotterdam 0.1% Sulfur Bunker Fuel Assessment

Metals

Effective September 1, 2015, Platts launches a new assessment for


an ECA-compliant, 0.1% sulfur bunker fuel, following a proposal note. The new
assessments for this product would be assessed on a delivered basis in Rotterdam,
and published in dollars per metric ton.

Weather &
Emissions

The new assessment would reflect the following specifications:

Other

Specifications generally conform with those of RMG 380 CST, but with a 0.1% maximum
sulfur. Platts proposes to reflect the value of 0.1% maximum sulfur with 380 CST max
viscosity (at 50 degrees centigrade) and 0.991kg/l density with a maximum combined
aluminum and silicon content of 80 ppm, 30 max Pour Point, Flash min 60 degrees C,
CCR max 18%, Ash max 0.15%, Water max 0.5%, Vanadium max 300 mg/kg, TSP 0.1%,
Zinc max 15 mg/kg, Phosphorus max 15 mg/kg, Calcium max 30 mg/kg, Free from used
lubricating oils (ULO) (calcium > 30 and zinc > 15; or calcium > 30 and phosphorus > 15),
H2S 2ppm max.

Data
Partners

27

Market
Analysis

September/October 2015

Finance

It is highly possible that an ECA-compliant bunker fuel that features aspects of residual fuel
oils, which have traditionally been a component of bunker fuel, and less sulfur-intense
distillate fuels, will develop into the new market.

Freight

This new assessment is due to the introduction of sulfur emissions rules for vessels in the
Emissions Control Area around Northwest Europe.From January 1, 2015, ships traveling
within the Northwest European ECA have had to limit sulfur emissions from fuel to 0.1%, down
from the previous maximum of 1%, according to International Maritime Organization rules.

Platts Adds European Petroleum Forward Curves

PPE 1691

(NEW PAGE)

Platts FO 380CST SG Crg vs FO


3.5% FOB Rdam Brg at London

PPE 1694

(NEW PAGE)

Platts Fuel Oil FOB Singapore


Cargo Swaps at London

Coal

Content

Nat Gas

Status

Petroleum

Page

Power

On October 1, 2015, Platts launches assessments for the value at


16:30 London time of the 180 CST Singapore Fuel Oil cargo swaps,
380 CST Singapore Fuel Oil cargo swaps and 380 CST and East-West fuel oil swap spreads,
which represent the difference between each comparable months 380 CST Singapore
Fuel Oil cargoes and FOB Rotterdam 3.5% Fuel Oil Barge swaps. This real-time information
expands the content and coverage offered on Platts Forward Curve Europe service for the
European derivatives markets.

Softs

See the original announcement.

Metals

Platts Adds Panama Canal, Santos Bunker Assessments

Data
Partners

ZEMA collects multiple Platts reports, including petroleum data. To learn how petroleum markets can be analyzed with
ZEMA, book complimentary ZEMA demonstration at http://www.ze.com/book-a-demo/.

Other

Specification and assessment parameters would be detailed in Platts Americas Refined Oil
Products Methodology and Specifications Guide. Platts will publish these new assessments in
Bunkerwire and Marine Alert.

Weather &
Emissions

Platts currently assesses 380 3.5%S, 180 3.5%S and MGO on an ex-wharf basis in the
Panamanian ports of Balboa and Cristobal, which will serve as the basis for the new Panama
Canal assessment. Typically, the values for these products in these ports on either side of the
canal are the same. On those occasions when one port is valued differently than the other
port, the Panama Canal assessment would reflect the lower value.

Finance

The 380 CST and 180 CST assessments would reflect material with a maximum sulfur content
of 3.5%. The MGO assessments would reflect material with a maximum sulfur content of 0.1%
for delivery three to seven days forward.

Freight

Platts proposes to launch assessments for 380 CST and 180 CST bunker
fuel and marine gasoil in the Panama Canal and Santos, Brazil, with effect from
January 4, 2016.

See the original announcement.


28

Market
Analysis

September/October 2015

Editorial

See the original announcement.

Summary

Petroleum

Platts will continue to publish its current assessments for marine gasoil, which is also
ECA-compliant.

See the original announcement.

Nat Gas

DGCX Launches Mini WTI Crude Oil Cash Settled Futures


On October 09, 2015, DGCX introduced cash settled Mini West Texas
Intermediate (WTI) Crude Oil Futures. See the specifications of the contract below:

Underlying

DGCX Mini West Texas Intermediate Light Sweet Crude Oil Futures

Contract Size

100 barrels (4,200 gallons)

Price Quote

US Dollars and Cents per barrel

Tick Size

USD 0.01 per barrel

Maximum Order Size

5,000 contracts for Banks and institutions promoted by Banks. All


other entities 2,000 Contracts

Settlement Type

Cash Settled

Freight

DWTIM

Metals

Contract Symbol

Softs

Specifications Parameters

Coal

Specifications Parameters

Last Day of Trading

The fourth US business day prior to the 25th calendar day of the month
that precedes the Delivery Month. If the 25th calendar day is not a US
business day; Last Day of Trading shall be the fourth US business day
prior to the US business day that precedes the 25th calendar day. If the
fourth US business day is not a DGCX Business Day, then the preceding
DGCX Business Day shall be the Last Day of Trading

29

Market
Analysis

See the original announcement.

Data
Partners

Market participants can use ZEMA to receive up-to-the-minute data on Asian petroleum products. To receive a free ZEMA
demonstration, visit http://www.ze.com/book-a-demo/.

Other

Twelve consecutive months

Weather &
Emissions

Trading Months

Finance

The Business Day following the last day of trading. The front month
Final Cash Settlement Price Basis settlement price for WTI Crude Oil futures as made public by NYMEX
for the Last Day of Trading of the DGCX front month contract

September/October 2015

Petroleum

These assessments appear in US Marketscan and North American Crude and Products Scan.

Power

These outright price assessments would be published in US dollars per barrel, and
complement existing assessments of straight run fuel oil, which are published as differentials
versus front-month cash WTI for low and high sulfur on the Gulf and Atlantic Coasts.

Editorial

Platts is proposing to publish outright price values for its four US Gulf Coast and
Atlantic Coast straight run fuel oil assessments, with effect from December 1, 2015.

Summary

Petroleum

Platts to Publish Outright US Straight Run Fuel


Oil Assessments

Time Price
Description
stamp type

Unit

Category

Power

PA-code

20

Crude pipeline tariff


USD/bl
Hardisty - Cushing medium

->Freight->Pipeline
tarrifs->Crude oil

PA0011044 2

20

Crude pipeline tariff


Hardisty - Cushing heavy

->Freight->Pipeline
tarrifs->Crude oil

PA0011069 2

20

NGL pipeline tariff Medford


USC/USG ->Freight->Pipeline tarrifs->NGL
- Mont Belvieu

Petroleum

PA0011043 2

USD/bl

Coal

See the original announcement.

Softs

Argus Discontinues Some Crude Oil Differentials


On October 5, 2015, Argus stopped publishing some weekly crude oil
codes in the DAGM module with North Sea Dated used for differential basis:
Start date

Unit

Metals

Price
Description
type

Category

01-Apr-1996 USD/bl

->Crude->Official/Formula
Price->Mediterranean

PA5000717 3

Ras Budran formula


snapshot

01-Apr-1996 USD/bl

->Crude->Official/Formula
Price->Mediterranean

PA5000718 3

Ras Gharib formula


snapshot

01-Apr-1996 USD/bl

->Crude->Official/Formula
Price->Mediterranean

PA5000724 3

Suez Blend formula


snapshot

01-Apr-1996 USD/bl

->Crude->Official/Formula
Price->Mediterranean

PA5000730 3

Zeit Bay formula


snapshot

01-Apr-1996 USD/bl

->Crude->Official/Formula
Price->Mediterranean

PA5000742 3

Western Desert formula


snapshot

01-Jun-2004 USD/bl

->Crude->Official/Formula
Price->Mediterranean

PA5001319 3

Qarun formula snapshot

13-Jan-2012 USD/bl

->Crude->Official/Formula
Price->Mediterranean

30

Market
Analysis

See the original announcement.

Data
Partners

Ras al-Behar formula


snapshot

Other

PA5000716 3

Weather &
Emissions

->Crude->Official/Formula
Price->Mediterranean

Finance

Belayim formula snapshot 01-Apr-1996 USD/bl

Freight

PA5000679 3

September/October 2015

Nat Gas

ZEMA collects over 100 Argus reports regularly, more than half of which pertain to petroleum products. To find out how
ZEMA can convert this data into sophisticated analyses, visit www.ze.com/the-zema-solutions/analytics.

PA-code

Editorial

Effective August 03, 2015, Argus stops three monthly assessments for
North American pipeline tariff:

Summary

Petroleum

Argus Discontinues Some Hardisty and Medford Assessments

PA-code

Time stamp

Base oil Group 2 N200 fob United States $/t

PA0007542 0

Base oil Group 2 N200 fob United States $/t

PA0007542 0

Base oil Group 2 N200 fob United States $/t

PA0007546 0

Base oil Group 2 N200 fob United States $/USG

PA0007546 0

Base oil Group 2 N200 fob United States $/USG

PA0007546 0

Base oil Group 2 N200 fob United States $/USG

PA0007546 0

Base oil Group 2 N200 fob United States $/USG

PA0008612 0

Base oil Group 2 N200 US domestic $/t

PA0008612 0

Base oil Group 2 N200 US domestic $/t

PA0008612 0

Base oil Group 2 N200 US domestic $/t

PA0008612 0

Base oil Group 2 N200 US domestic $/t

Metals

PA0007542 0

Softs

Base oil Group 2 N200 fob United States $/t

Coal

Nat Gas

PA0007542 0

Petroleum

Description
Power

Price type

Editorial

On September 25, 2015, Argus ceased weekly publication of US Base Oils, which have
been in circulation since January 2010:

Summary

Petroleum

Argus Stops Some US Base Oils

See the original announcement.


Freight

Platts Discontinues 1% bunker fuel Assessments


for NWE, Gibraltar, Algeciras and Malta

Finance

Effective September 1, 2015, Platts discontinues its Northwest European, Gibraltar,


Algeciras and Malta low sulfur (1% sulfur) bunker fuel assessments. Platts will continue to
assess low sulfur bunker fuel in the ports of Genoa and Piraeus reflecting the continuation of
regional coastal and domestic usage.

Data
Partners
Market
Analysis

31

Other

September/October 2015

Weather &
Emissions

In January 2015, low sulfur fuel oil became largely redundant as a bunker fuel. In the wake of
the January 1, 2015 implementation of legislation from the International Convention for the
Prevention of Pollution from Ships (MARPOL), which further limited the sulfur emissions from
ships operating within any Emission Control Area to a maximum of 0.1% from the previous
1%, bunker demand for 1% sulfur fuel oil largely disappeared. Demand for low sulfur bunker
fuel has generally been replaced by demand for marine gasoil, or other similar, ultra
low sulfur fuels.

Rotterdam LS 1%

PGA1850

AASTY03

PGA1861

AASUA00

Antwerp LS 1%

PGA1850

AASUA03

PGA1861

AASUM00 Dunkirk LS 1%

PGA1850

AASUM03

PGA1861

AASUC00

Hamburg LS 1%

PGA1850

AASUM03

PGA1861

AAVVZ00

Gothenburg 1%

PGA1870

AAVVZ03

PGA1871

AASUE00

Great Belt LS 1%

PGA1870

AASUE03

PGA1871

AASUG00

Gdansk LS 1%

PGA1870

AASUG03

PGA1871

AASUI00

St Petersburg LS 1%

PGA1870

AASUI03

PGA1871

AAVIW00

Gibraltar LS 1%

PGA1860

AAVIW03

PGA1861

AAXCZ00

Algeciras LS 1%

PGA1860

AAXCZ03

PGA1861

AARTD00

Malta LS 1%

PGA1860

AARTD03

PGA1861

Softs

AASTY00

Coal

Month PGA Page

Nat Gas

Monthly Code

Petroleum

PGA Page

Power

Assessment

Editorial

Code

Summary

The table below lists all affected assessments and their PGA codes:

Petroleum

Platts is maintaining its Genoa and Piraeus low sulfur bunker fuel assessments in order to
reflect remaining pockets of demand specific to those two ports. Platts will continue to publish
assessments for marine gasoil (0.1% sulfur) for all of its existing European and African ports.

Metals

See the original announcement.

Platts Discontinues Weekly US MX Assessment

Weather &
Emissions
Other

ZEMA collects more than 600 petroleum data reports from North America alone. To find out how ZEMA integrates this
data with downstream systems, visit www.ze.com/the-zema-solutions/integration.

Finance

This assessment is listed under the following code in the Platts price database: Mixed Xylene
USG CP PHBHT03. The assessment also is published in the Platts Petrochemical Alert on page
329 and page 234.

Freight

Effective September 1, 2015, Platts discontinues weekly US mixed xylenes


contract assessment because a market-wide contract settlement is no longer openly
available and as such the market no longer references or uses the published settlement.
Platts last published a weekly US mixed xylene contract assessment in January 2015 when a
settlement was last disclosed by the parties involved and verified as per Platts methodology.

See the original announcement.

Data
Partners

32

Market
Analysis

September/October 2015

Power

These assessments were published on Page PCA161 and were listed under the following
codes in the Platts price database: DOP FD US Domestic Weekly, PHARA00;
Monthly Average, PHARB03.

Editorial

Effective September 1, 2015 Platts discontinues its weekly US dioctylphthalate


assessment because liquidity in the US market for DOP has dropped significantly
as substitute plasticizers have become more commonplace.

Summary

Petroleum

Platts Discontinues Weekly US DOP Assessment

Petroleum

These assessments were also published in the Platts Petrochemical Alert.


See the original announcement.

Nat Gas

Platts Ends US Ketones Assessments

Coal

On September 1, 2015, Platts discontinues all methyl ethyl ketone and


methyl isobutyl ketone assessments in the US due to a lack of liquidity in these markets:
MEK FOB USG Weekly - PHADQ00 PHAYT03
MEK DER US Domestic Weekly - PHADT00 PHAYU03
MIBK FOB USG Weekly - PHADW00 PHAYX03
MIBK DER US Domestic Weekly - PHADZ00 PHAYY03
These assessments can be found on Platts Petrochemical Alert and in the
Global Solventswire.

Softs
Metals

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions about petroleum. To learn
more, book a complimentary ZEMA demonstration.

Freight

See the original announcement.

Platts Discontinues Daily Styrene Balance of the Month

Finance

Effective September 1, 2015, Platts discontinues its daily US styrene balance


of the month assessment due to changes in market dynamics. The balance of the
month assessment was not reflective of trade in the market and will be replaced by
an M1 and M2 assessment.

Weather &
Emissions

This assessment was listed under the following codes in the Platts price database:
AAPDZ00 - Styrene bal mo,

Other

AAPDZ03 - Styrene FOB USG BalMo cts/lb MAvg,


AAPDZ04 - Styrene FOB USG BalMo cts/lb WAvg.

33

Market
Analysis

September/October 2015

Data
Partners

These assessments were published in the Platts Petrochemical Alert on page 339
and page 234.

Nat Gas

Affected assessments:

Petroleum

Platts discontinues its US ethylene posted contract price assessment from


December 1, 2015 because domestic business has moved away from referencing and using
the posted price in contract settlements.
The assessment is currently published in the Platts Petrochemical Alert on pages
PC301 and PC006.

Power

Platts Discontinues US Ethylene Contract Assessment

Editorial

See the original announcement.

Summary

Petroleum

ZEMA is used by the front-, mid-, and back-office professionals in petroleum market. To learn how
ZEMA can be tailored to your specific needs and give you access to the right information, book a complimentary ZEMA
demo at www.ze.com/book-a-demo.

Ethylene USG Posted CP cts/lb -- PHAJI00


Ethylene USG Posted CP cts/lb MAvg -- PHBDC03

Coal

See the original announcement.

Softs

Platts Discontinues Visbreaking Yields, Netbacks, Margins

Metals

Effective January 15, 2016, Platts stops publishing all daily, weekly
and monthly Northwest European, Italy and Singapore visbreaking yields,
netbacks and margins because they do not reflect current refining configurations
in the respective regions.

Finance

These assessments are published on Platts Global Alert pages 1812, 1822, 2812, 1814,
1824 and 2814. The daily prices are also published in the Crude Oil Marketwire, and the
weekly and monthly prices in Oilgram Price Report. The assessments are also published in
Platts Market Data under the codes listed below.

Weather &
Emissions

Northwest Europe Daily


Netback

Margin

Arab Heavy

TYAAX00

TNAAX00

TNAAXMR

Arab Light

TYABV00

TNABV00

TNABVMR

Arab Medium

TYADB00

TNADB00

TNADBMR

Azeri Light

TYAED00

TNAED00

TNAEDMR

34

Market
Analysis

September/October 2015

Data
Partners

Yield

Other

Crude

Freight

The current visbreaking yield models reflect a topping configuration, primarily crude units and
reformers. Refiners in these regions have increasingly added catalytic crackers, which are
already reflected in the cracking yields, netbacks and margins. Platts will continue to publish
these cracking assessments.

TNAHH00

TNAHHMR

Ekofisk

TYAJX00

TNAJX00

TNAJXMR

Flotta Gold

TYAKR00

TNAKR00

TNAKRMR

Forties

TYALD00

TNALD00

TNALDMR

Gullfaks

TYALH00

TNALH00

TNALHMR

Iran Heavy

TYALX00

TNALX00

TNALXMR

Iran Light

TYAMF00

TNAMF00

TNAMFMR

Kuwait

TYAMZ00

TNASF00

TNAMZMR

Statfjord

TYASF00

TNASF00

TNASFMR

Urals

TYATP00

TNATP00

TNATPMR

Nat Gas

TYAHH00

Petroleum

Brent

Power

TNAFRMR

Coal

Northwest Europe Weekly

FYABV00

FNABV00

Arab Medium

FYADB00

FNADB00

Azeri Light

FYAED00

FNADB00

Basrah Light

FYAFR00

FNAED00

Brent

FYAHH00

FNAHH00

Ekofisk

FYAJX00

FNAJX00

Flotta Gold

FYAKR00

FNAKR00

Forties

FYALD00

FNALD00

Gullfaks

FYALH00

FNALH00

Iran Heavy

FYALX00

FNALX00

Iran Light

FYAMF00

FNAMF00

Kuwait

FYAMZ00

FNAMZ00

Statfjord

FYASF00

FNASF00

Urals

FYATP00

FNATP00

Data
Partners

Arab Light

Other

FNAAX00

Weather &
Emissions

FYAAX00

Finance

Arab Heavy

Freight

Netback

Metals

Yield

Softs

Crude

35

Market
Analysis

September/October 2015

Editorial

TYAFR00

Summary

TYAFR00

Petroleum

Basrah Light

Netback

Arab Heavy

TYAAX03

TNAAX03

Arab Light

TYABV03

TNABV03

Arab Medium

TYADB03

TNADB03

Azeri Light

TYAED03

TNAED03

Basrah Light

TYAFR03

TNAFR03

Brent

TYAHH03

TNAHH03

Ekofisk

TYAJX03

TNAJX03

Flotta Gold

TYAKR03

TNAKR03

Forties

TYALD03

TNALD03

Gullfaks

TYALH03

TNALH03

Iran Heavy

TYALX03

TNALX03

Iran Light

TYAMF03

TNAMF03

Kuwait

TYAMZ03

TNAMZ03

Statfjord

TYASF03

TNASF03

Urals

TYATP03

TNATP03

Crude

Yield

Netback

Margin

Arab Heavy

TYABF00

TNABF00

TNABFMR

Arab Light

TYACD00

TNACD00

TNACDMR

Arab Medium

TYADJ00

TNADJ00

TNADJMR

Azeri Light

TYAEH00

TNAEH00

TNAEHMR

Basrah Light

TYAFZ00

TNAFZ00

TNAFZMR

Es Sider

TYAKF00

TNAKF00

TNAKFMR

Iran Heavy

TYAMB00

TNAMB00

TNAMBMR

Iran Light

TYAMJ00

TNAMJ00

TNAMJMR

Kirkuk

TYAMW00

TNAMW00

TNAMWMR

Saharan Blend

TYARQ00

TNARQ00

TNARQMR

Power

Yield

Editorial

Crude

Summary

Petroleum

Northwest Europe Monthly

Petroleum
Nat Gas
Coal

Softs
Metals

Italy Daily
Freight
Finance
Weather &
Emissions
Other

Data
Partners

36

Market
Analysis

September/October 2015

Margin

Suez Blend

TYAUP00

TNAUP00

TNAUPMR

Urals

TYATT00

TNATT00

TNATTMR

Zuetina

TYAUN00

TNAUN00

TNAUNMR

Crude

Yield

Netback

Arab Heavy

FYABF00

FNABF00

Arab Light

FYACD00

FNACD00

Arab Medium

FYADJ00

FNADJ00

Azeri Light

FYAEH00

FNAEH00

Basrah Light

FYAFZ00

FNAFZ00

Es Sider

FYAKF00

FNAKF00

Iran Heavy

FYAMB00

FNAMB00

Iran Light

FYAMJ00

FNAMJ00

Kirkuk

FYAMW00

FNAMW00

Saharan Blend

FYARQ00

FNARQ00

Suez Blend

FYAUP00

FNAUP00

Urals

FYATT00

FNATT00

Zuetina

FYAUN00

FNAUN00

Crude

Yield

Netback

Arab Heavy

TYABF03

TNABF03

Arab Light

TYACD03

TNACD03

Arab Medium

TYADJ03

TNADJ03

Azeri Light

TYAEH03

TNAEH03

Basrah Light

TYAFZ03

TNAFZ03

Es Sider

TYAKF03

TNAKF03

Iran Heavy

TYAMB03

TNAMB03

Iran Light

TYAMJ03

TNAMJ03

Power

Italy Weekly

Editorial

Netback

Summary

Yield

Petroleum

Crude

Petroleum
Nat Gas
Coal

Softs
Metals
Freight

Italy Monthly
Finance
Weather &
Emissions
Other

Data
Partners

37

Market
Analysis

September/October 2015

Kirkuk

TYAMW03

TNAMW03

Saharan Blend

TYARQ03

TNARQ03

Suez Blend

TYAUP03

TNAUP03

Urals

TYATT03

TNATT03

Zuetina

TYAUN03

TNAUN03

Crude

Yield

Netback

Arab Heavy

TYABJ00

TNABJ00

TNABJMR

Arab Light

TYACH00

TNACH00

TNACHMR

Arab Medium

TYADN00

TNADN00

TNADNMR

Attaka

TYADZ00

TNADZ00

TNADZMR

Das Blend

TYDSJ00

TNDSJ00

TNDSJMR

Dubai

TYAJP00

TNAJP00

TNAJPMR

Duri

TYAJT00

TNAJT00

TNAJTMR

Kuwait

TYANH00

TNAPT00

TNANHMR

Minas

TYAPT00

TNAQA00

TNAPTMR

Murban

TYAQA00

TNAQA00

TNAQAMR

Oman

TYAQN00

TNAQN00

TNAQNMR

Qatar Land

TYARC00

TNARC00

TNARCMR

Qatar Marine

TYARG00

TNARG00

TNARGMR

Tapis

TYASV00

TNASV00

TNASVMR

Crude

Yield

Netback

Arab Heavy

FYABJ00

FNABJ00

Arab Light

FYACH00

FNACH00

Arab Medium

FYADN00

FNADN00

Attaka

FYADZ00

FNADZ00

Das Blend

FYDSJ00

FNDSJ00

Power

Netback

Petroleum

Singapore Daily
Margin

Nat Gas
Coal

Softs
Metals
Freight
Finance
Weather &
Emissions

Singapore Weekly

Other

Data
Partners

38

Market
Analysis

September/October 2015

Editorial

Yield

Summary

Petroleum

Crude

Duri

FYAJT00

FNAJT00

Kuwait

FYANH00

FNANH00

Minas

FYAPT00

FNAPT00

Murban

FYAQA00

FNAQA00

Oman

FYAQN00

FNAQN00

Qatar Land

FYARC00

FNARC00

Qatar Marine

FYARG00

FNARG00

Tapis

FYASV00

FNASV00

Crude

Yield

Netback

Arab Heavy

TYABJ03

TNABJ03

Arab Light

TYACH03

TNACH03

Arab Medium

TYADN03

TNADN03

Attaka

TYADZ03

TNADZ03

Das Blend

TYDSJ03

TNDSJ03

Dubai

TYAJP03

TNAJP03

Duri

TYAJT03

TNAJT03

Kuwait

TYANH03

TNANH03

Minas

TYAPT03

TNAPT03

Murban

TYAQA03

TNAQA03

Oman

TYAQN03

TNAQN03

Qatar Land

TYARC03

TNARC03

Qatar Marine

TYARG03

TNARG03

Tapis

TYASV03

TNASV03

Nat Gas

FNAJP00

Petroleum

FYAJP00

Power

Dubai

Editorial

Netback

Summary

Yield

Petroleum

Crude

Singapore Monthly
Coal

Softs
Metals
Freight
Finance
Weather &
Emissions
Other

See the original announcement.


Data
Partners

39

Market
Analysis

September/October 2015

Petroleum
Nat Gas
Coal

Atlanta prompt pipeline CBOB 87 AAWRV00


Atlanta prompt pipeline CBOB 87 RVP AAWRVRV
Atlanta prompt pipeline CBOB 87 Cycle AAWRVCY
Atlanta prompt pipeline CBOB 93 AAWRW00
Atlanta prompt pipeline CBOB 93 RVP AAWRWRV
Atlanta prompt pipeline CBOB 93 Cycle AAWRWCY
Gasoline CBOB 87 Prompt Pipeline Month Average AAWRV03
Gasoline CBOB 93 Prompt Pipeline Month Average AAWRW03

Softs
Metals

See the original announcement.

Freight

Platts Discontinues Kumkol Crude Oil Assessments

Finance

Effective October 1, 2015, Platts discontinues its CIF Augusta Kumkol


outright and differential assessments due to the conclusion of Kumkol exports
out of the Black Sea.
Platts assessed CIF Augusta Kumkol on a daily basis, reflecting cargoes of between
30,000-100,000 mt loading out of the Black Sea and delivered into the Mediterranean,
both a CIF Augusta Kumkol differential assessment (AALOW00) and an outright assessment
(AAHMP00).

Weather &
Emissions

These assessments appeared on Platts Global Alert page MH1220 and in the Platts
Crude Oil Marketwire.

Other

Data
Partners

Loadings of the grade once averaged some 170,000 mt/month, but volumes have been
declining gradually over the past several years and have been averaging below 30,000 mt/
month for more than a year.
See the original announcement.

40

Market
Analysis

September/October 2015

Power

ASSESSMENT CODE

Editorial

From October, Atlanta CBOB (S grade) gasoline is to be replaced by A grade CBOB, which
already trades on the US Gulf Coast and is assessed by Platts under the database code
AARQU00. The Atlanta Premium CBOB (T grade) is replaced by D grade CBOB, for which Platts
is proposing to launch a new assessment from October 1, 2015.

Summary

Platts proposes to discontinue its assessments for Atlanta CBOB 87 and


Atlanta Premium CBOB 93 with effect from March 31, 2016, following the
US Environmental Protection Agencys approval of Georgias plans to remove the requirement
to sell low sulfur, 7.0 RVP gasoline in the 45-county Georgia Fuel Area during the high ozone
season with effect from October 1, 2015.

Petroleum

Platts Discontinues Atlanta CBOB, Atlanta Premium CBOB

Summary

Editorial

Petroleum

Power
Petroleum

Platts Removes Stybarrow, Asian Heavy Sweet Crude Index

Softs

In the interim period, Stybarrow crudes spot price will be assessed based on its gross product
worth using the last known crude assay and yields, and values relative to other similar crudes
in the region.

Coal

With the discontinuation of Stybarrow crude, Platts will also discontinue the Asian Heavy
Sweet (AHS) Crude Index with effect from September/October 2, 2015. The AHS composes
an arithmetic average of assessments at Asian market close of Australian heavy sweet crude
grades Enfield, Stybarrow and Vincent.

Nat Gas

With effect from September/October 2, 2015, Platts discontinues its


assessments for Australias Stybarrow crude, following the shut in and
disconnection of the oil field.

See a complete list of all affected assessments and their PGA codes below.

AARAH03

Stybarrow FOB Australia Spore Close

MAvg

AARAI00

Stybarrow FOB Australia Spore vs ADB

MH2218, MH2240

AARAI03

Stybarrow FOB Australia Spore vs ADB

MAvg

AARAG00

Stybarrow FOB Australia London Close

MH2219, MH2260

AARAG03

Stybarrow FOB Australia London Close

MAvg

AAXQC00

Asian Heavy Sweet Index Spore Close

MH2205, MH2206

AAXCQ03

Asian Heavy Sweet Index Spore Close

MAvg

AAPDP00

Asian Heavy Sweet Index Spore vs ADB

MH2205, MH2206

AAPDP03

Asian Heavy Sweet Index Spore vs ADB

MAvg

AAPDO00

Asian Heavy Sweet Index London Close

MH2206, MH2260

AAPDO03

Asian Heavy Sweet Index London Close

MAvg

Data
Partners

MH2218, MH2219, MH2240

Other

Stybarrow FOB Australia Spore Close

Weather &
Emissions

AARAH00

Finance

PGA Page

Freight

Assessment

Metals

Code

See the original announcement.


41

Market
Analysis

September/October 2015

PA-code

20

PA0011054

20

PA0011055

20

PA0011056

20

Coal

Nat Gas

PA0011053

Softs

Crude pipeline tariff Cushing Houston/Nederland TX light


uncommitted
Crude pipeline tariff Cushing Houston/Nederland TX light 5 year
Crude pipeline tariff Cushing Crude pipeline tariff Cushing Houston/Nederland TX light
Katy/Jones Creek TX light 10 year
10 year
Crude pipeline tariff Cushing Crude pipeline tariff Cushing Houston/Nederland TX heavy
Katy/Jones Creek TX heavy
uncommitted
uncommitted
Crude pipeline tariff Cushing Crude pipeline tariff Cushing Houston/Nederland TX heavy
Katy/Jones Creek TX heavy 5 year
5 year
Crude pipeline tariff Cushing Crude pipeline tariff Cushing Houston/Nederland TX heavy
Katy/Jones Creek TX heavy 10 year
10 year

Petroleum

PA0011052

New Description

Power

PA0011051

Time Price
Old Description
stamp type
Crude pipeline tariff
2
20 Cushing - Katy/Jones Creek TX
light uncommitted
Crude pipeline tariff Cushing 2
20
Katy/Jones Creek TX light 5 year

Editorial

Effective September 01, 2015, Argus renames several Cushing assessments:

Summary

Petroleum

Argus Renames Some Cushing Tariff Assessments

See the original announcement.


Metals

Argus Changes Description of German Fuels

PA-code

Old Description

42

Market
Analysis

September/October 2015

Data
Partners

Gasoline 95r E5 west


Germany fca truck

Other

PA0015400

->Products->Gasoil/
Diesel/Heating oil->
Northwest Europe
->Products->Gasoil/
Diesel/Heating oil->
Northwest Europe
->Products->Gasoil/
Diesel/Heating oil->
Northwest Europe
->Products->Gasoil/
Diesel/Heating oil->
Northwest Europe
->Products->
Gasoline 95r E5 Lower RhineGasoline->Northwest
Ruhr Germany fca truck
Europe

Gasoil heating oil 50ppm


Lower Rhine-Ruhr Germany
fca truck
Gasoil heating oil 50ppm
Lower Rhine-Ruhr Germany
fca truck index
Gasoil diesel EN 590 10ppm
Lower Rhine-Ruhr Germany
fca truck
Gasoil diesel EN 590 10ppm
Lower Rhine-Ruhr Germany
fca truck index

Weather &
Emissions

Gasoil heating oil 50ppm


PA0015369 west Germany fca truck
index
Gasoil diesel EN 590
PA0015384 10ppm west Germany fca
truck
Gasoil diesel EN 590
PA0015385 10ppm west Germany fca
truck index

Category

Finance

Gasoil heating oil 50ppm


PA0015368
west Germany fca truck

New Description

Freight

On September 21, 2015, Argus changed description of German gasoil


and gasoline assessments published daily and calculated in Euro/100l:

New Description

Category

Editorial

->Products->
Gasoline 95r E5 Lower RhineGasoline->Northwest
Ruhr Germany fca truck index
Europe
->Products->
Gasoline 95r E10 Lower
Gasoline 95r E10 west
PA0015416
Rhine-Ruhr Germany fca truck Gasoline->Northwest
Germany fca truck index
Europe
index
->Products->
Gasoline 98r west Germany Gasoline 98r Lower RhinePA0015417
Gasoline->Northwest
fca truck
Ruhr Germany fca truck
Europe
->Products->
Gasoline 95r E10 west
Gasoline 95r E10 Lower
PA0016334
Gasoline->Northwest
Germany fca truck
Rhine-Ruhr Germany fca truck
Europe

Gasoline 95r E5 west


PA0015401
Germany fca truck index

Summary

Old Description

Petroleum

PA-code

Power
Petroleum
Nat Gas

See the original announcement.

Coal

Platts Updates Publication Timing for Forward Dated Brent


Starting from October 1, 2015, Platts will publish assessments of
Brent Frontline Swap (DFL) and the corresponding forward Dated Brent values
for 36 months ahead of the date of publication.

Softs
Metals

Platts currently publishes DFLs and the corresponding Forward Dated Brent values for seven
months ahead of the date of publication, including the balance month contract. The
publication of a longer and more granular forward DFL and Forward Dated Brent assessment
is aimed at increasing visibility, and will move the assessment into line with other Platts
London time assessments of Brent-related crude oil swaps markets.

Finance

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions.


To learn more, book a complimentary ZEMA demonstration.

Freight

Platts currently publishes six quarterly and three annual DFL and Forward Dated Brent
assessments DFL. There would be no change to the number of annual DFL and Forward Dated
Brent assessments.

Weather &
Emissions
Other

Data
Partners

43

Market
Analysis

September/October 2015

Summary

Editorial

Natural Gas

Power
Petroleum
Nat Gas
Coal

NGX Expands to Alliance Transfer Pool

Freight

2. NGX Phys FUT, FP (US/MM), APC-ATP

Metals

1. NGX Phys FUT, FP (CA/GJ), APC-ATP

Softs

On September 14, 2015, NGX added 11 new contracts with the delivery point
at Alliance Transfer Pool (ATP). This delivery point is a new location for NGX and includes
two new contracts for fixed pricing (CDN and USD), eight index price contracts (physical
delivery), and one contract priced at locational spread between new ATP and existing Alberta
NIT point (ATP Spread):

3. NGX Phys FUT, ID, ATP Day Ahead (CA/GJ), APC-ATP


4. NGX Phys FUT, ID, ATP Same Day (CA/GJ), APC-ATP

Finance

5. NGX Phys FUT, ID, 2a (CA/GJ), APC-ATP


6. NGX Phys FUT, ID, 5a (CA/GJ), APC-ATP

Weather &
Emissions

7. NGX Phys FUT, ID, 5a (US/MM), APC-ATP


8. NGX Phys FUT, ID, 7a (CA/GJ), APC-ATP
9. NGX Phys FUT, ID, 7a (US/MM), APC-ATP

Other

10. NGX Phys FUT, ID, Day Ahead, APC-ATP


11. NGX Phys FUT, FP Spr (CA/GJ) APC-ATP/AB-NIT

Data
Partners

ZEMA collects over 700 data reports on natural gas. To learn more about ZEMAs vast data library, visit
www.ze.com/the-zema-solutions/data-coverage.
See the original announcement.
44

Market
Analysis

September/October 2015

Power

Contract size: 1 MW per day in the contract period (i.e. month, quarter, season, or year)
x 24 hours.

Petroleum

Min trading size:


> Electronic Futures: 5 lots = 5 MW

> Exchange for Physical (EFP): 1 lot = 1 MW

> Exchange for Swap (EFS): 1 lot = 1 MW

Nat Gas

Editorial

Unit of trading: 1 MW

Summary

On September 14, 2015, Intercontinental Exchange (ICE) announced the


first trade of Italian Punto di Scambio Virtuale (Virtual Trading Point PSV) futures contract at
ICE Endex.

Natural Gas

ICE Announces New Italian PSV Futures Contracts

Currency: Euros and Euro cents per MWh


Coal

See all contract specifications.

Softs

ICE is the first exchange to create a cleared solution for physically delivered Italian natural gas
futures contracts. Market participants can trade implied and locational spreads between ICEs
natural gas hubs, such as the Title Transfer Facility in the Netherlands and PSV.
See the original announcement.

Metals
Freight

ICE Endex and GasTerra to Run the Netherlands


Gas Storage Auction

Data
Partners

See the original announcement.

45

Market
Analysis

September/October 2015

Other

ZEMA is used by the front-, mid-, and back-office professionals in the natural gas market. To learn how ZEMA can be
tailored to your specific needs and give you access to the right information, book a complimentary ZEMA demo at
www.ze.com/book-a-demo.

Weather &
Emissions

Gas storage services are sold in the form of standard bundled units (SBU), each of a
capacity of 1,440 kWh, which allow market participants to inject or withdraw gas from a
virtual storage facility. The total annual gas storage space is almost 20 billion kWh of
natural gas or 13,229,456 million SBUs. The natural gas from this virtual storage is delivered
at the Title Transfer Facility, the benchmark Dutch natural gas trading hub. The total amount of
1-year SBUs will be equally divided over two auctions; the first one taking place on
September/October 18, 2015, and the second on February 10, 2016.

Finance

Intercontinental Exchange (ICE) announced that ICE Endex had agreed with GasTerra,
run auctions for the facilitation of natural gas storage services in the Netherlands for the
contract year 2016-2017.

Power
Petroleum
Nat Gas
Coal

2. Tennessee, Zone 4-313 Pool (daily and monthly survey). Transactions at Station 313 in
Potter County, Pennsylvania, on Tennessee Gas Pipelines Zone 4 300 Leg. The proposed
Tennessee Zone 4 Station 313 location appears in the Prices of Spot Gas Delivered to
Pipelines table in Inside FERCs Gas Market Report; Energy Trader and Gas Daily Price
Guide; in the Appalachia section of Gas Dailys Daily Price Survey table; and Platts
Natural Gas Alert pages 417, 490 and 511. Additionally, it appears in the Bidweek
Physical Basis Prices Delivered to Pipelines table in Inside FERCs Gas Market Report.

Editorial

There is no change to the existing Platts listing for Transco, Zone 6 non-NY, which is composed
of all non-NY delivered transactions both north and south of Station 195.

Summary

On August 31, 2015, Platts added new assessments to its daily and monthly
natural gas price surveys.
1. Transco, Zone 6 non-NY South daily and monthly survey). Deliveries from Transcontinental
Gas Pipeline from the start of zone 6 at the Virginia/Maryland border to Station 195 in York,
Pennsylvania. The Transco, Zone 6 non-NY South location appears in the Northeast
section of the Market Center Spot Gas Prices table in Inside FERCs Gas Market Report,
Energy Trader and Gas Daily Price Guide; in the Citygates section of Gas Dailys Daily
Price Survey table; and Platts Natural Gas Alert pages 433, 495 and 516. Additionally, it
appears in the Northeast section of the Market Center Bidweek Physical Basis Prices
table in Inside FERCs Gas Market Report.

Natural Gas

Platts Launches Natural Gas Assessments for


Transco 6 and Tennessee

Softs
Metals

ZEMA collects more than 100 natural gas data reports from Platts alone. To learn more about ZEMAs vast data library,
visit www.ze.com/the-zema-solutions/data-coverage.

Freight

See the original announcement.

Platts Adds Spanish AOC Gas Assessments


Finance

On October 1, 2015, Platts launches daily assessments in Eur/MWh of


over-the-counter month-ahead Spanish AOC gas. The assessments will be
converted into p/th, $/MMBtu and Eur/Gj.

Data
Partners

The AOC assessments will be published in Platts European Gas Daily, on Platts European
Power Alert page 823, Natural Gas Alert page 56 and in Platts Market Data category EG.

46

Market
Analysis

September/October 2015

Other

A monthly average of the prior months month-ahead AOC gas assessment will calculate
with effect from September/October 1, 2015.

Weather &
Emissions

Effective September/October 2, 2015, Platts also adds spark spread indicators based
on Spanish AOC month-ahead gas and Spanish month-ahead power assessments, and
clean spark spread indicators to include the cost of emissions calculated from the spark
spreads and taking into account Platts EUA emissions assessments.

Editorial

ZEMA collects data from over 600 natural gas reports on a daily basis. ZEMA users can then transform this data into
market intelligence using ZEMAs extensive library of analytic formulas. To learn more, visit
http://www.ze.com/the-zema-suite/.

Summary

Natural Gas

AOC month-ahead symbols are as follows: Eur/MWh GAOCA00, p/th GAOCD00,


$/MMBtuGAOCC00 and Eur/Gj GAOCB00.

See the original announcement.


Power

Platts Adds Chicago Natural Gas Indexes

Softs

The Chicago city-gates index will not be altered based on the new Chicago sublistings.

Freight

See the original announcement.

Metals

The listings will appear in the Upper Midwest section of the Market Center Spot Gas
Prices table in Inside FERCs Gas Market Report, Energy Trader and Gas Daily Price Guide, in
the Citygates section of Gas Dailys Daily Price Survey table, and Platts Natural Gas Alert
pages 434, 496 and 515.

Finance

Platts to Add New REX Natural Gas Indexes


On October 30, 2015, Platts adds the following indexes in its daily natural
gas survey:

REX, Shelby (daily survey only: deliveries from Rockies Express Pipeline to ANR Pipeline at
the Shelby County, Indiana interconnect.

Market
Analysis

47

Data
Partners

The proposed listings would appear in the Others section of Gas Dailys Daily Price Survey
table, and Platts Natural Gas Alert page 514.

Other

REX, Edgar (daily survey only: deliveries from Rockies Express Pipeline to Midwestern Gas
Transmission at the Edgar County, Illinois interconnect.

Weather &
Emissions

REX, Moultrie (daily survey only: deliveries from Rockies Express Pipeline to the Natural Gas
Pipeline Co. of America pipeline at the Moultrie County, Illinois interconnect.

September/October 2015

Coal

Chicago-Peoples (daily and monthly survey). Deliveries into the Peoples Gas Light & Coke
system in the Chicago metropolitan area. Transactions are also included in the Chicago
city-gates index.

Nat Gas

Chicago-NIPSCO (daily and monthly survey. Deliveries into Northern Indiana Public Service
system in the Chicago metropolitan area. Transactions are also included in the Chicago
city-gates index.

Petroleum

Effective October 30, 2015, Platts is adding the following new indexes
in its daily and monthly natural gas surveys:
Chicago-Nicor (daily and monthly survey. Deliveries into the Nicor Gas system in the
Chicago metropolitan area. Transactions are also included in the Chicago city-gates index.

Argus Adds Multiple LNG Assessments


PA-code

Price type Description

Power

On September 16, 2015, Argus adds the following LNG daily data series:
Unit

LNG freight west of Suez (DFDE)

USD/day

PA0017305 20

LNG freight east of Suez (DFDE)

USD/day

PA0017303 2

LNG fob northwest European reload half-month

USD/mnBtu

PA0017306 20

LNG freight Singapore - Pecem

USD/mnBtu

PA0017307 20

LNG freight Singapore - Escobar

USD/mnBtu

PA0017308 20

LNG freight Singapore - Quintero

USD/mnBtu

PA0017309 20

LNG freight Singapore - Manzanillo

USD/mnBtu

PA0017310 20

LNG freight Singapore - Altamira

USD/mnBtu

PA0017311 20

LNG freight Singapore - Milford Haven

USD/mnBtu

PA0017312 20

LNG freight Singapore - Aliaga

USD/mnBtu

PA0017313 20

LNG freight Sakhalin - Tokyo

USD/mnBtu

PA0017314 20

LNG freight Sakhalin - Incheon

USD/mnBtu

PA0017315 20

LNG freight Sakhalin - Shenzen and Taipei

USD/mnBtu

PA0017316 20

LNG freight Sakhalin - Map ta Phut

USD/mnBtu

PA0017317 20

LNG freight Sakhalin - Singapore

USD/mnBtu

PA0017318 20

LNG freight Sakhalin - Dahej and Qasim

USD/mnBtu

PA0017319 20

LNG freight Sakhalin - Jebel Ali and Mina al-Ahmadi

USD/mnBtu

PA0017320 20

LNG freight Sakhalin - Ain Sukhna and Aqaba

USD/mnBtu

PA0017321 20

LNG freight Sakhalin - Pecem

USD/mnBtu

PA0017322 20

LNG freight Sakhalin - Escobar

USD/mnBtu

PA0017323 20

LNG freight Sakhalin - Quintero

USD/mnBtu

PA0017324 20

LNG freight Sakhalin - Manzanillo

USD/mnBtu

PA0017325 20

LNG freight Sakhalin - Altamira

USD/mnBtu

PA0017326 20

LNG freight Sakhalin - Milford Haven

USD/mnBtu

PA0017327 20

LNG freight Sakhalin - Aliaga

USD/mnBtu

PA0017328 20

LNG freight Bonny - Tokyo

USD/mnBtu

Petroleum

PA0017304 20

Coal

Softs
Metals
Freight
Finance
Weather &
Emissions
Other

Data
Partners
Market
Analysis

48

Nat Gas

September/October 2015

Editorial

See the original announcement.

Summary

Natural Gas

ZEMA collects multiple Platts reports, including natural gas data. To learn more, visit
http://www.ze.com/the-zema-solutions/.

Unit

PA0017333 20

LNG freight Bonny - Dahej and Qasim

USD/mnBtu

PA0017334 20

LNG freight Bonny - Jebel Ali and Mina al-Ahmadi

USD/mnBtu

PA0017335 20

LNG freight Bonny - Ain Sukhna and Aqaba

USD/mnBtu

PA0017336 20

LNG freight Bonny - Pecem

USD/mnBtu

PA0017337 20

LNG freight Bonny - Escobar

USD/mnBtu

PA0017338 20

LNG freight Bonny - Quintero

USD/mnBtu

PA0017339 20

LNG freight Bonny - Manzanillo

USD/mnBtu

PA0017340 20

LNG freight Bonny - Altamira

USD/mnBtu

PA0017341 20

LNG freight Bonny - Milford Haven

USD/mnBtu

PA0017342 20

LNG freight Bonny - Aliaga

USD/mnBtu

PA0017343 20

LNG freight Angola - Tokyo

USD/mnBtu

PA0017344 20

LNG freight Angola - Incheon

USD/mnBtu

PA0017345 20

LNG freight Angola - Shenzen and Taipei

USD/mnBtu

PA0017346 20

LNG freight Angola - Map ta Phut

USD/mnBtu

PA0017347 20

LNG freight Angola - Singapore

USD/mnBtu

PA0017348 20

LNG freight Angola - Dahej and Qasim

USD/mnBtu

PA0017349 20

LNG freight Angola - Jebel Ali and Mina al-Ahmadi

USD/mnBtu

PA0017350 20

LNG freight Angola - Ain Sukhna and Aqaba

USD/mnBtu

PA0017351 20

LNG freight Angola - Pecem

USD/mnBtu

PA0017352 20

LNG freight Angola - Escobar

USD/mnBtu

PA0017353 20

LNG freight Angola - Quintero

USD/mnBtu

PA0017354 20

LNG freight Angola - Manzanillo

USD/mnBtu

PA0017355 20

LNG freight Angola - Altamira

USD/mnBtu

PA0017356 20

LNG freight Angola - Milford Haven

USD/mnBtu

PA0017357 20

LNG freight Angola - Aliaga

USD/mnBtu

PA0017358 20

LNG freight Trinidad and Tobago - Tokyo

USD/mnBtu

PA0017359 20

LNG freight Trinidad and Tobago - Incheon

USD/mnBtu
49

Market
Analysis

September/October 2015

Data
Partners

USD/mnBtu

Other

LNG freight Bonny - Singapore

Weather &
Emissions

PA0017332 20

Finance

USD/mnBtu

Freight

LNG freight Bonny - Map ta Phut

Metals

PA0017331 20

Softs

USD/mnBtu

Coal

LNG freight Bonny - Shenzen and Taipei

Nat Gas

PA0017330 20

Petroleum

USD/mnBtu

Power

LNG freight Bonny - Incheon

Editorial

PA0017329 20

Summary

Price type Description

Natural Gas

PA-code

Unit

PA0017364 20

LNG freight Trinidad and Tobago - Jebel Ali and Mina al-Ahmadi USD/mnBtu

PA0017365 20

LNG freight Trinidad and Tobago - Ain Sukhna and Aqaba

USD/mnBtu

PA0017366 20

LNG freight Trinidad and Tobago - Pecem

USD/mnBtu

PA0017367 20

LNG freight Trinidad and Tobago - Escobar

USD/mnBtu

PA0017368 20

LNG freight Trinidad and Tobago - Quintero

USD/mnBtu

PA0017369 20

LNG freight Trinidad and Tobago - Manzanillo

USD/mnBtu

PA0017370 20

LNG freight Trinidad and Tobago - Altamira

USD/mnBtu

PA0017371 20

LNG freight Trinidad and Tobago - Milford Haven

USD/mnBtu

PA0017372 20

LNG freight Trinidad and Tobago - Aliaga

USD/mnBtu

PA0017373 20

LNG freight USGC - Tokyo

USD/mnBtu

PA0017374 20

LNG freight USGC - Incheon

USD/mnBtu

PA0017375 20

LNG freight USGC - Shenzen and Taipei

USD/mnBtu

PA0017376 20

LNG freight USGC - Map ta Phut

USD/mnBtu

PA0017377 20

LNG freight USGC - Singapore

USD/mnBtu

PA0017378 20

LNG freight USGC - Dahej and Qasim

USD/mnBtu

PA0017379 20

LNG freight USGC - Jebel Ali and Mina al-Ahmadi

USD/mnBtu

PA0017380 20

LNG freight USGC - Ain Sukhna and Aqaba

USD/mnBtu

PA0017381 20

LNG freight USGC - Pecem

USD/mnBtu

PA0017382 20

LNG freight USGC - Escobar

USD/mnBtu

PA0017383 20

LNG freight USGC - Quintero

USD/mnBtu

PA0017384 20

LNG freight USGC - Manzanillo

USD/mnBtu

PA0017385 20

LNG freight USGC - Altamira

USD/mnBtu

PA0017386 20

LNG freight USGC - Milford Haven

USD/mnBtu

PA0017387 20

LNG freight USGC - Aliaga

USD/mnBtu

PA0017388 20

LNG freight Spain - Tokyo

USD/mnBtu

PA0017389 20

LNG freight Spain - Incheon

USD/mnBtu

PA0017390 20

LNG freight Spain - Shenzen and Taipei

USD/mnBtu
50

Market
Analysis

September/October 2015

Data
Partners

USD/mnBtu

Other

LNG freight Trinidad and Tobago - Dahej and Qasim

Weather &
Emissions

PA0017363 20

Finance

USD/mnBtu

Freight

LNG freight Trinidad and Tobago - Singapore

Metals

PA0017362 20

Softs

USD/mnBtu

Coal

LNG freight Trinidad and Tobago - Map ta Phut

Nat Gas

PA0017361 20

Petroleum

USD/mnBtu

Power

LNG freight Trinidad and Tobago - Shenzen and Taipei

Editorial

PA0017360 20

Summary

Price type Description

Natural Gas

PA-code

Unit

PA0017395 20

LNG freight Spain - Ain Sukhna and Aqaba

USD/mnBtu

PA0017396 20

LNG freight Spain - Pecem

USD/mnBtu

PA0017397 20

LNG freight Spain - Escobar

USD/mnBtu

PA0017398 20

LNG freight Spain - Quintero

USD/mnBtu

PA0017399 20

LNG freight Spain - Manzanillo

USD/mnBtu

PA0017400 20

LNG freight Spain - Altamira

USD/mnBtu

PA0017401 20

LNG freight Spain - Milford Haven

USD/mnBtu

PA0017402 20

LNG freight Spain - Aliaga

USD/mnBtu

PA0017403 20

LNG freight NW Europe - Tokyo

USD/mnBtu

PA0017404 20

LNG freight NW Europe - Incheon

USD/mnBtu

PA0017405 20

LNG freight NW Europe - Shenzen and Taipei

USD/mnBtu

PA0017406 20

LNG freight NW Europe - Map ta Phut

USD/mnBtu

PA0017407 20

LNG freight NW Europe - Singapore

USD/mnBtu

PA0017408 20

LNG freight NW Europe - Dahej and Qasim

USD/mnBtu

PA0017409 20

LNG freight NW Europe - Jebel Ali and Mina al-Ahmadi

USD/mnBtu

PA0017410 20

LNG freight NW Europe - Ain Sukhna and Aqaba

USD/mnBtu

PA0017411 20

LNG freight NW Europe - Pecem

USD/mnBtu

PA0017412 20

LNG freight NW Europe - Escobar

USD/mnBtu

PA0017413 20

LNG freight NW Europe - Quintero

USD/mnBtu

PA0017414 20

LNG freight NW Europe - Manzanillo

USD/mnBtu

PA0017415 20

LNG freight NW Europe - Altamira

USD/mnBtu

PA0017416 20

LNG freight NW Europe - Aliaga

USD/mnBtu

PA0017417 20

LNG freight Ras Laffan and Das Island - Tokyo

USD/mnBtu

PA0017418 20

LNG freight Ras Laffan and Das Island - Incheon

USD/mnBtu

PA0017419 20

LNG freight Ras Laffan and Das Island - Shenzen and Taipei

USD/mnBtu

PA0017420 20

LNG freight Ras Laffan and Das Island - Map ta Phut

USD/mnBtu

PA0017421 20

LNG freight Ras Laffan and Das Island - Singapore

USD/mnBtu
51

Market
Analysis

September/October 2015

Data
Partners

USD/mnBtu

Other

LNG freight Spain - Jebel Ali and Mina al-Ahmadi

Weather &
Emissions

PA0017394 20

Finance

USD/mnBtu

Freight

LNG freight Spain - Dahej and Qasim

Metals

PA0017393 20

Softs

USD/mnBtu

Coal

LNG freight Spain - Singapore

Nat Gas

PA0017392 20

Petroleum

USD/mnBtu

Power

LNG freight Spain - Map ta Phut

Editorial

PA0017391 20

Summary

Price type Description

Natural Gas

PA-code

Unit

LNG freight Ras Laffan and Das Island - Escobar

USD/mnBtu

PA0017427 20

LNG freight Ras Laffan and Das Island - Quintero

USD/mnBtu

PA0017428 20

LNG freight Ras Laffan and Das Island - Manzanillo

USD/mnBtu

PA0017429 20

LNG freight Ras Laffan and Das Island - Altamira

USD/mnBtu

PA0017430 20

LNG freight Ras Laffan and Das Island - Milford Haven

USD/mnBtu

PA0017431 20

LNG freight Ras Laffan and Das Island - Aliaga

USD/mnBtu

PA0017432 20

LNG freight Dampier - Tokyo

USD/mnBtu

PA0017433 20

LNG freight Dampier - Incheon

USD/mnBtu

PA0017434 20

LNG freight Dampier - Shenzen and Taipei

USD/mnBtu

PA0017435 20

LNG freight Dampier - Map ta Phut

USD/mnBtu

PA0017436 20

LNG freight Dampier - Singapore

USD/mnBtu

PA0017437 20

LNG freight Dampier - Dahej and Qasim

USD/mnBtu

PA0017438 20

LNG freight Dampier - Jebel Ali and Mina al-Ahmadi

USD/mnBtu

PA0017439 20

LNG freight Dampier - Ain Sukhna and Aqaba

USD/mnBtu

PA0017440 20

LNG freight Dampier - Pecem

USD/mnBtu

PA0017441 20

LNG freight Dampier - Escobar

USD/mnBtu

PA0017442 20

LNG freight Dampier - Quintero

USD/mnBtu

PA0017443 20

LNG freight Dampier - Manzanillo

USD/mnBtu

PA0017444 20

LNG freight Dampier - Altamira

USD/mnBtu

PA0017445 20

LNG freight Dampier - Milford Haven

USD/mnBtu

PA0017446 20

LNG freight Dampier - Aliaga

USD/mnBtu

PA0017447 20

LNG freight Gladstone - Tokyo

USD/mnBtu

PA0017448 20

LNG freight Gladstone - Incheon

USD/mnBtu

PA0017449 20

LNG freight Gladstone - Shenzen and Taipei

USD/mnBtu

PA0017450 20

LNG freight Gladstone - Map ta Phut

USD/mnBtu

PA0017451 20

LNG freight Gladstone - Singapore

USD/mnBtu
52

Market
Analysis

September/October 2015

Data
Partners

PA0017426 20

Other

USD/mnBtu

Weather &
Emissions

LNG freight Ras Laffan and Das Island - Pecem

Finance

PA0017425 20

Freight

LNG freight Ras Laffan and Das Island - Ain Sukhna and Aqaba USD/mnBtu

Metals

PA0017424 20

Softs

USD/mnBtu

Coal

LNG freight Ras Laffan and Das Island Jebel Ali and Mina al-Ahmadi

Nat Gas

PA0017423 20

Petroleum

USD/mnBtu

Power

LNG freight Ras Laffan and Das Island - Dahej and Qasim

Editorial

PA0017422 20

Summary

Price type Description

Natural Gas

PA-code

Unit

PA0017456 20

LNG freight Gladstone - Escobar

USD/mnBtu

PA0017457 20

LNG freight Gladstone - Quintero

USD/mnBtu

PA0017458 20

LNG freight Gladstone - Manzanillo

USD/mnBtu

PA0017459 20

LNG freight Gladstone - Altamira

USD/mnBtu

PA0017460 20

LNG freight Gladstone - Milford Haven

USD/mnBtu

PA0017461 20

LNG freight Gladstone - Aliaga

USD/mnBtu

PA0017462 20

LNG freight Bintulu and Tangguh - Tokyo

USD/mnBtu

PA0017463 20

LNG freight Bintulu and Tangguh - Incheon

USD/mnBtu

PA0017464 20

LNG freight Bintulu and Tangguh - Shenzen and Taipei

USD/mnBtu

PA0017465 20

LNG freight Bintulu and Tangguh - Map ta Phut

USD/mnBtu

PA0017466 20

LNG freight Bintulu and Tangguh - Singapore

USD/mnBtu

PA0017467 20

LNG freight Bintulu and Tangguh - Dahej and Qasim

USD/mnBtu

PA0017468 20

LNG freight Bintulu and Tangguh Jebel Ali and Mina al-Ahmadi

USD/mnBtu

PA0017469 20

LNG freight Bintulu and Tangguh - Ain Sukhna and Aqaba

USD/mnBtu

PA0017470 20

LNG freight Bintulu and Tangguh - Pecem

USD/mnBtu

PA0017471 20

LNG freight Bintulu and Tangguh - Escobar

USD/mnBtu

PA0017472 20

LNG freight Bintulu and Tangguh - Quintero

USD/mnBtu

PA0017473 20

LNG freight Bintulu and Tangguh - Manzanillo

USD/mnBtu

PA0017474 20

LNG freight Bintulu and Tangguh - Altamira

USD/mnBtu

PA0017475 20

LNG freight Bintulu and Tangguh - Milford Haven

USD/mnBtu

PA0017476 20

LNG freight Bintulu and Tangguh - Aliaga

USD/mnBtu

PA0017477 20

LNG freight Papua New Guinea - Tokyo

USD/mnBtu

PA0017478 20

LNG freight Papua New Guinea - Incheon

USD/mnBtu

PA0017479 20

LNG freight Papua New Guinea - Shenzen and Taipei

USD/mnBtu

PA0017480 20

LNG freight Papua New Guinea - Map ta Phut

USD/mnBtu

PA0017481 20

LNG freight Papua New Guinea - Singapore

USD/mnBtu

53

Market
Analysis

September/October 2015

Data
Partners

USD/mnBtu

Other

LNG freight Gladstone - Pecem

Weather &
Emissions

PA0017455 20

Finance

USD/mnBtu

Freight

LNG freight Gladstone - Ain Sukhna and Aqaba

Metals

PA0017454 20

Softs

USD/mnBtu

Coal

LNG freight Gladstone - Jebel Ali and Mina al-Ahmadi

Nat Gas

PA0017453 20

Petroleum

USD/mnBtu

Power

LNG freight Gladstone - Dahej and Qasim

Editorial

PA0017452 20

Summary

Price type Description

Natural Gas

PA-code

Unit

USD/mnBtu

PA0017487 20

LNG freight Papua New Guinea - Quintero

USD/mnBtu

PA0017488 20

LNG freight Papua New Guinea - Manzanillo

USD/mnBtu

PA0017489 20

LNG freight Papua New Guinea - Altamira

USD/mnBtu

PA0017490 20

LNG freight Papua New Guinea - Milford Haven

USD/mnBtu

PA0017491 20

LNG freight Papua New Guinea - Aliaga

USD/mnBtu

PA0017492 20

LNG freight Bontang - Tokyo

USD/mnBtu

PA0017493 20

LNG freight Bontang - Incheon

USD/mnBtu

PA0017494 20

LNG freight Bontang - Shenzen and Taipei

USD/mnBtu

PA0017495 20

LNG freight Bontang - Map ta Phut

USD/mnBtu

PA0017496 20

LNG freight Bontang - Singapore

USD/mnBtu

PA0017497 20

LNG freight Bontang - Dahej and Qasim

USD/mnBtu

PA0017498 20

LNG freight Bontang - Jebel Ali and Mina al-Ahmadi

USD/mnBtu

PA0017499 20

LNG freight Bontang - Ain Sukhna and Aqaba

USD/mnBtu

PA0017500 20

LNG freight Bontang - Pecem

USD/mnBtu

PA0017501 20

LNG freight Bontang - Escobar

USD/mnBtu

PA0017502 20

LNG freight Bontang - Quintero

USD/mnBtu

PA0017503 20

LNG freight Bontang - Manzanillo

USD/mnBtu

PA0017504 20

LNG freight Bontang - Altamira

USD/mnBtu

PA0017505 20

LNG freight Bontang - Milford Haven

USD/mnBtu

PA0017506 20

LNG freight Bontang - Aliaga

USD/mnBtu

PA0017507 20

LNG freight Singapore - Tokyo

USD/mnBtu

PA0017508 20

LNG freight Singapore - Incheon

USD/mnBtu

PA0017509 20

LNG freight Singapore - Shenzen and Taipei

USD/mnBtu

PA0017510 20

LNG freight Singapore - Map ta Phut

USD/mnBtu

PA0017511 20

LNG freight Singapore - Dahej and Qasim

USD/mnBtu

PA0017512 20

LNG freight Singapore - Jebel Ali and Mina al-Ahmadi

USD/mnBtu

Market
Analysis

54

Data
Partners

LNG freight Papua New Guinea - Escobar

Other

PA0017486 20

Weather &
Emissions

USD/mnBtu

Finance

LNG freight Papua New Guinea - Pecem

Freight

PA0017485 20

Metals

USD/mnBtu

Softs

LNG freight Papua New Guinea - Ain Sukhna and Aqaba

Coal

PA0017484 20

Nat Gas

LNG freight Papua New Guinea - Jebel Ali and Mina al-Ahmadi USD/mnBtu

Petroleum

PA0017483 20

September/October 2015

USD/mnBtu

Power

LNG freight Papua New Guinea - Dahej and Qasim

Editorial

PA0017482 20

Summary

Price type Description

Natural Gas

PA-code

PA0017513 20

Unit

LNG freight Singapore - Ain Sukhna and Aqaba

USD/mnBtu

Power

Argus Adds European Natural Gas Assessments


On October 01, 2015, Argus added the following data series for European
natural gas daily data series:

PA0002733

PA0003342

PA0011386

PA0003761

PA0009492

PA0009493

PA0017639

Eur/MWh
Eur/MWh
Eur/MWh
Eur/MWh
Eur/MWh
Eur/MWh
Eur/MWh
Eur/MWh
Eur/MWh

PA0009256 1

Natural gas PSV month

Eur/MWh ->Natural gas->Europe->PSV

PA0009256 2

Natural gas PSV month

Eur/MWh ->Natural gas->Europe->PSV


55

Market
Analysis

September/October 2015

Data
Partners

PA0017640

Eur/MWh

Other

PA0017640

$/mnBtu

Weather &
Emissions

PA0017639

$/mnBtu

Finance

PA0009493

Eur/MWh

Freight

PA0009492

Eur/MWh

Metals

PA0003761

p/th

->Natural gas->
Europe->NBP
->Natural gas->
Europe->NBP
->Natural gas->
Europe->NBP
->Natural gas->
Europe->NBP
->Natural gas->
Europe->NBP
->Natural gas->
Europe->NBP
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord
->Natural gas->Europe->
Peg Nord

Softs

PA0011386

p/th

Category

Coal

PA0003342

Unit

Nat Gas

PA0002733

Price Continuous
Description
type forward
Natural gas NBP p/th
1
6
month
Natural gas NBP p/th
2
6
month
Natural gas NBP Eur/
1
6
MWh month
Natural gas NBP Eur/
2
6
MWh month
Natural gas NBP $/
1
6
mnBtu month
Natural gas NBP $/
2
6
mnBtu month
Natural gas PEG Nord
1
2
Eur/MWh month
Natural gas PEG Nord
2
2
Eur/MWh month
Natural gas PEG Nord
1
2
Eur/MWh quarter
Natural gas PEG Nord
2
2
Eur/MWh quarter
Natural gas PEG Nord
1
2
Eur/MWh season
Natural gas PEG Nord
2
2
Eur/MWh season
Natural gas PEG Nord
1
1
Eur/MWh year
Natural gas PEG Nord
2
1
Eur/MWh year
Natural gas AOC Eur/
1
1
MWh quarter
Natural gas AOC Eur/
2
1
MWh quarter

Petroleum

PA-code

Editorial

See the original announcement.

Summary

Price type Description

Natural Gas

PA-code

Unit

Category

PA0017641 2

Natural gas PSV quarter Eur/MWh ->Natural gas->Europe->PSV

PA0017641 1

Natural gas PSV quarter Eur/MWh ->Natural gas->Europe->PSV

PA0017641 2

Natural gas PSV quarter Eur/MWh ->Natural gas->Europe->PSV

PA0017641 1

Natural gas PSV quarter Eur/MWh ->Natural gas->Europe->PSV

PA0017641 2

Natural gas PSV quarter Eur/MWh ->Natural gas->Europe->PSV

PA0017642 1

Natural gas PSV year

Eur/MWh ->Natural gas->Europe->PSV

PA0017642 2

Natural gas PSV year

Eur/MWh ->Natural gas->Europe->PSV

PA0007164 1

PA0007164 2

PA0007164 1

PA0007164 2

PA0010644 1

PA0010644 2

PA0010645 1

PA0010645 2

PA0017643 1

PA0017643 2

PA0017644 1

PA0017644 2

PA0017645 1

PA0017645 2

PA0017645 1

Eur/MWh
Eur/MWh

Eur/MWh

Eur/MWh

Eur/MWh

Eur/MWh

Eur/MWh

Data
Partners

Eur/MWh

Other

Eur/MWh

Weather &
Emissions

Eur/MWh

Finance

Eur/MWh

Freight

Eur/MWh

Metals

Eur/MWh

Softs

Eur/MWh

Coal

Eur/MWh

->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Austria VTP
->Natural gas->
Europe->Czech Republic VTP
->Natural gas->
Europe->Czech Republic VTP
->Natural gas->
Europe->Gaspool->Natural
gas->Europe->NCG
->Natural gas->
Europe->Gaspool->Natural
gas->Europe->NCG
->Natural gas->
Europe->Gaspool->Natural
gas->Europe->NCG

Nat Gas

56

Market
Analysis

September/October 2015

Natural gas Austria VTP


month
Natural gas Austria VTP
month
Natural gas Austria VTP
month
Natural gas Austria VTP
month
Natural gas Austria VTP
quarter
Natural gas Austria VTP
quarter
Natural gas Austria VTP
season
Natural gas Austria VTP
season
Natural gas Austria VTP
year
Natural gas Austria VTP
year
Natural gas Czech
Republic VTP season
Natural gas Czech
Republic VTP season
Natural gas GaspoolNCG Eur/MWh basis gas
year
Natural gas GaspoolNCG Eur/MWh basis gas
year
Natural gas GaspoolNCG Eur/MWh basis gas
year

Petroleum

Natural gas PSV quarter Eur/MWh ->Natural gas->Europe->PSV

Power

Editorial

PA0017641 1

Summary

Price Continuous
Description
type forward

Natural Gas

PA-code

Category

Power

GBP/USD ->Currency->GBP/USD

Editorial

->Natural gas->
Eur/MWh Europe->Gaspool->Natural
gas->Europe->NCG

Summary

Unit

Natural Gas

Petroleum

Price Continuous
Description
type forward
Natural gas GaspoolPA0017645 2
2
NCG Eur/MWh basis gas
year
Argus - Interactive Data
Corp exchange rate
PA0017523 8
6
GBP/USD month 6
London
Argus - Interactive Data
Corp exchange rate
PA0017530 8
6
EUR/GBP month 6
London
PA-code

EUR/GBP ->Currency->EUR/GBP

See the original announcement.

Nat Gas

Platts to Launch LNG DES Brazil Netforward

Coal

Platts proposes launching a netforward value to reflect the price of LNG


imported into Brazil effective October 1, 2015. Introduction of this assessment
was based on the observation Brazil is a regular buyer of LNG cargoes used to augment
its electricity production during periods when hydropower is insufficient to meet its
electricity demand.
Platts is proposing to publish on a daily basis the value of LNG on a DES Salvador de Bahia
basis, based on the existing Platts East Atlantic Marker (EAM) plus the freight to Salvador de
Bahia, Brazil. Consequently, Platts also proposes changing the basis port for its freight route
calculations to Brazil from Pecem to Salvador de Bahia

Softs
Metals
Freight

The netforward value will be published in US dollar per million British thermal units
($/MMBtu) each London business day, corresponding with the EAM,in the LNG Daily
publication and Platts Natural Gas Alert.

Finance

In addition, Platts will publish a number of corresponding price comparisons for relevant
markets and competing fuels.
Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more,
book a complimentary ZEMA demonstration.

Weather &
Emissions

See the original announcement.

Other

Data
Partners

57

Market
Analysis

September/October 2015

Product

TETCO ELA Natural Gas (Platts IFERC)


Basis Futures
Trunkline ELA Natural Gas (Platts Gas Daily) TK7
Swing Futures
Trunkline ELA Natural Gas (Platts Gas Daily/ M7
Platts IFERC) Index Futures

iLink: tag 55-Symbol


MDP 3.0 tag 1151 Security Group (Outrights)
FD

Power

iLink: tag 1151Security Group MDP 3.0: tag


6937-Asset
TEL

Petroleum

FD
FD

Nat Gas

There is currently no open interest in these products.


See the original announcement.

Coal

Argus Stopped Americas Natural Gas Series


Effective October 01, 2015, Argus stopped publishing the following
Americas natural gas assessments:
Price
type
3

PA0005709

29

PA0005729

Daily

No Unit

->Natural
gas->North
America->East

Daily

mnBtu

->Natural
gas->North
America->East

Daily

USD/
mnBtu

USD/
mnBtu

Argus Henry
Hub

USD/
mnBtu

->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->East

Daily
Daily
Daily

58

Market
Analysis

September/October 2015

USD/
mnBtu

Daily

Data
Partners

PA0005713

Argus Henry
Hub

->Natural
gas->North
America->East
->Natural
gas->North
America->East

Other

USD/
mnBtu

Frequency

Weather &
Emissions

PA0005713

Argus Henry
Hub

Category

Finance

PA0005712

Unit

Freight

PA0005711

Natural gas hub


Dracut dayahead Index
Natural gas hub
Dracut dayahead Index
Natural gas hub
Dracut dayahead no of
trades
Natural gas hub
Dracut dayahead traded
volume
Natural gas hub
Dracut dayahead
Natural gas hub
Dracut dayahead
Natural gas hub
Niagara dayahead Index

Diff basis

Metals

PA0005709

Description

Softs

PA-code

Editorial

On October 5, 2015, the following natural gas futures were delisted for trading on CME
Globex and for submission for clearing via CME ClearPort.

Summary

Natural Gas

CME Delists Trunkline and TETCO Futures

PA0005733

No Unit

->Natural
gas->North
America->East

Daily

mnBtu

->Natural
gas->North
America->East

Daily

USD/
mnBtu

USD/
mnBtu

Natural gas hub


Argus Henry
Agua Dulce dayHub
ahead Index

USD/
mnBtu

No Unit

mnBtu

Natural gas hub


Dracut dayahead mid-range

USD/
mnBtu

Daily

Daily

Daily

Daily

59

Market
Analysis

September/October 2015

Daily

Data
Partners

USD/
mnBtu

Daily

Other

Natural gas hub


Agua Dulce day- ahead

Daily

Weather &
Emissions

USD/
mnBtu

Daily

Finance

Natural gas hub


Agua Dulce day- ahead

Daily

Freight

29

Natural gas
hub Agua Dulce
day-ahead no of
trades
Natural gas hub
Agua Dulce dayahead traded
volume

->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->East

Metals

USD/
mnBtu

PA0005762

PA0006167

Daily

PA0005763

->Natural
gas->North
America->East

Natural gas hub


Argus Henry
Agua Dulce dayHub
ahead Index

PA0005761

PA0005763

USD/
mnBtu

Softs

PA0005759

Argus Henry
Hub

Coal

PA0005759

Frequency

Nat Gas

PA0005733

Category

Petroleum

29

Unit

Power

PA0005732

Natural gas hub


Niagara dayahead Index
Natural gas hub
Niagara dayahead no of
trades
Natural gas hub
Niagara dayahead traded
volume
Natural gas hub
Niagara dayahead
Natural gas hub
Niagara dayahead

Diff basis

Editorial

PA0005731

Description

Summary

PA0005729

Price
type

Natural Gas

PA-code

PA0006171

PA0006171

USD/
mnBtu
USD/
mnBtu
USD/
mnBtu

USD/
mnBtu

PA0006358

Natural gas hub


Niagara bid week

USD/
mnBtu

PA0006358

Natural gas hub


Niagara bid week

USD/
mnBtu

29

PA0007922

PA0007922

PA0007924

mnBtu

Argus Henry
Hub

USD/
mnBtu

Argus Henry
Hub

USD/
mnBtu

No Unit

Monthly
Monthly
Monthly

Daily

Daily

Daily
Data
Partners

60

Market
Analysis

September/October 2015

No Unit

Monthly

Other

PA0006361

Monthly

Weather &
Emissions

USD/
mnBtu

Daily

Finance

PA0006360

Daily

Freight

Daily

Metals

PA0006359

Natural gas hub


Niagara Index
bid week
Natural gas hub
Niagara no of
trades bid week
Natural gas hub
Niagara traded
volume bid week
Natural gas hub
Gulf South Pipeline day-ahead
Index
Natural gas hub
Gulf South Pipeline day-ahead
Index
Natural gas hub
Gulf South Pipeline day-ahead
no of trades

Daily

Softs

PA0006177

Natural gas hub


Agua Dulce day- ahead mid-range

Daily

Coal

USD/
mnBtu

PA0006177

->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas

Frequency

Nat Gas

Natural gas hub


Agua Dulce day- ahead mid-range

Category

Petroleum

Natural gas hub


Dracut dayahead mid-range
Natural gas hub
Niagara dayahead mid-range
Natural gas hub
Niagara dayahead mid-range

Unit

Power

Diff basis

Editorial

PA0006167

Description

Summary

Price
type

Natural Gas

PA-code

mnBtu

Natural gas hub


Gulf South Pipe- line day-ahead

USD/
mnBtu

Natural gas hub


Gulf South Pipe- line day-ahead

USD/
mnBtu

PA0008880

PA0009061

PA0009063

USD/
mnBtu

USD/
mnBtu

Argus Henry
Hub

USD/
mnBtu

Argus Henry
Hub

USD/
mnBtu

No Unit

Daily

Daily

Daily

Daily

Daily

61

Market
Analysis

September/October 2015

Daily

Data
Partners

USD/
mnBtu

Other

PA0009061

Daily

Weather &
Emissions

USD/
mnBtu

Daily

Finance

PA0008970

Natural gas hub


Gulf South Pipeline everyday
Index
Natural gas hub
Gulfstream Pipeline day-ahead
Index
Natural gas hub
Gulfstream Pipeline day-ahead
Index
Natural gas hub
Gulfstream Pipeline day-ahead
no of trades

Daily

Freight

Natural gas hub


Agua Dulce
everyday Index

USD/
mnBtu

Daily

Metals

PA0008876

Daily

Softs

USD/
mnBtu

Daily

Coal

PA0007927

->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->East
->Natural
gas->North
America->East
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural gas>North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas

Frequency

Nat Gas

Natural gas hub


Gulf South Pipeline day-ahead
mid-range
Natural gas hub
Gulf South Pipeline day-ahead
mid-range
Natural gas hub
Dracut everyday
Index
Natural gas hub
Niagara everyday
Index

Category

Petroleum

29

Natural gas hub


Gulf South Pipeline day-ahead
traded volume

PA0007927

PA0008886

Unit

Power

PA0007926

Diff basis

Editorial

PA0007926

Description

Summary

PA0007925

Price
type

Natural Gas

PA-code

USD/
mnBtu

USD/
mnBtu

Argus Henry
Hub

USD/
mnBtu

->Natural
gas->North
America->East

Monthly

Argus Henry
Hub

USD/
mnBtu

->Natural
gas->North
America->East

Monthly

Argus Henry
Hub

USD/
mnBtu

->Natural
gas->North
America->East

Monthly

Argus Henry
Hub

USD/
mnBtu

->Natural
gas->North
America->East

Monthly

USD/
mnBtu

->Natural
gas->North
America->Gulf/
Texas

Monthly

Daily

Data
Partners

Argus Henry
Hub

Daily

Other

62

Market
Analysis

September/October 2015

USD/
mnBtu

Weather &
Emissions

17

Daily

Finance

17

USD/
mnBtu

Freight

Metals

17

Daily

Softs

Daily

Coal

Natural gas hub


Gulfstream Pipeline day-ahead
mid-range
Natural gas hub
Gulfstream Pipeline day-ahead
mid-range
Natural gas hub
Gulfstream Pipeline everyday
Index
Natural gas hub
Dracut dayahead Index
month average
Natural gas hub
Dracut dayahead Index
month average
Natural gas hub
Niagara dayahead Index
month average
Natural gas hub
Niagara dayahead Index
month average
Natural gas
hub Agua Dulce
day-ahead Index
month average

->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas
->Natural
gas->North
America->Gulf/
Texas

Nat Gas

Natural gas hub


Gulfstream Pipe- line day-ahead

Petroleum

USD/
mnBtu

PA0009067

PA0005760

Daily

PA0005730

mnBtu

->Natural
gas->North
America->Gulf/
Texas

Natural gas hub


Gulfstream Pipe- line day-ahead

PA0009066

PA0005730

Frequency

29

PA0005710

Category

Natural gas hub


Gulfstream
Pipeline dayahead traded
volume

PA0009066

PA0005710

Unit

Power

PA0009065

Diff basis

Editorial

PA0009065

Description

Summary

PA0009064

Price
type

Natural Gas

PA-code

Argus Henry
Hub

USD/
mnBtu

->Natural gas>North America->Gulf/Texas

Monthly

USD/
mnBtu

->Natural
gas->North
America->Gulf/
Texas

Monthly

USD/
mnBtu

->Natural
gas->North
America->Gulf/
Texas

Monthly

USD/
mnBtu

->Natural
gas->North
America->Gulf/
Texas

Monthly

USD/
mnBtu

->Natural
gas->North
America->Gulf/
Texas

Monthly

Argus Henry
Hub

Argus Henry
Hub

Argus Henry
Hub

Softs

Argus Henry
Hub

Coal

17

Frequency

Nat Gas

PA0009062

Category

Petroleum

PA0009062

17

Unit

Power

PA0007923

Metals

Natural gas
hub Agua Dulce
day-ahead Index
month average
Natural gas hub
Gulf South Pipeline day-ahead
Index month
average
Natural gas hub
Gulf South Pipeline day-ahead
Index month
average
Natural gas hub
Gulfstream Pipeline day-ahead
Index month
average
Natural gas hub
Gulfstream Pipeline day-ahead
Index month
average

Diff basis

Editorial

PA0007923

Description

Summary

PA0005760

Price
type

Natural Gas

PA-code

See the original announcement.

Freight
Finance
Weather &
Emissions
Other

Data
Partners

63

Market
Analysis

September/October 2015

Summary

Coal

Editorial
Power
Petroleum

Coal

Nat Gas

Platts to Launch German Dark, Clean dark


Spreads with 45% Efficiency

Coal

On September/October 2, 2015, Platts launches German dark and clean


dark spreads with a fuel efficiency factor (coal) of 45%.

Metals

The symbol codes for German dark and clean dark spreads are as follows:

Softs

The new German dark and clean dark spreads will be published in Market Data category CI, on
Global Coal Alert pages 900 and 902 and European Power Alert pages 220 and 222, as well
as Coal Trader International and European Power Daily.

Freight

German Dark Spread (45% efficiency)


CDGUM00 - Month-ahead Eur/MWh
CDGYM00 - Month-ahead $/MWh
CDGUM27 - Month-ahead+1 Eur/MWh
CDGYM27 - Month-ahead+1 $/MWh
CDGUQ00 - Quarter-ahead Eur/MWh
CDGYQ00 - Quarter-ahead $/MWh
CDGUQ27 - Quarter-ahead+1 Eur/MWh
CDGYQ27 - Quarter-ahead+1 $/MWh
CDGUY00 - Year-ahead Eur/MWh
CDGYY00 - Year -ahead $/MWh
CDGUY27 - Year -ahead+1 Eur/MWh
CDGYY27 - Year -ahead+1 $/MWh
CDGUY28 - Year -ahead+2 Eur/MWh
CDGUX28 - Year-ahead+2 $/MWh

Finance
Weather &
Emissions
Other

Data
Partners

German Clean Dark Spread (45% efficiency)


64

Market
Analysis

September/October 2015

Summary

Coal

CCGUM00 - Month-ahead Eur/MWh


CCGYM00 - Month-ahead $/MWh
CCGUM27 - Month-ahead+1 Eur/MWh
CCGYM27 - Month-ahead+1 $/MWh
CCGUQ00 - Quarter-ahead Eur/MWh
CCGYQ00 - Quarter-ahead $/MWh
CCGUQ27 - Quarter-ahead+1 Eur/MWh
CCGYQ27 - Quarter-ahead+1 $/MWh
CCGUY00 - Year-ahead Eur/MWh
CCGYY00 - Year -ahead $/MWh
CCGUY27 - Year -ahead+1 Eur/MWh
CCGYY27 - Year -ahead+1 $/MWh
CCGUY28 - Year -ahead+2 Eur/MWh
CCGUX28 - Year-ahead+2 $/MWh
Platts will continue to publish German dark and clean dark spreads with a fuel efficiency
factor of 35%.

Editorial
Power
Petroleum
Nat Gas
Coal

Softs

ZEMA collects over 100 coal reports, including Platts. To gain more informed insight regarding Plattss new coal
assessment, view ZEMAs Platts reports and coal reports. To learn more, visit http://www.ze.com/the-zema-solutions/.
See the original announcement.

Metals

Platts Discontinues Two Weekly Illinois Basin Assessments

Freight

On September 25, 2015, Platts ceased publishing prices for two weekly
Illinois Basin thermal coal assessments since there is no longer sufficient interest or an
appreciable market to accurately assess the following products:
Illinois Basin 10,500 Btu/lb, 6+ lbs SO2/MMBtu, FOB Rail coal; affected codes are
CIDQ001, CIDQ002, CIDQ003 and CIDY001
Illinois Basin 11,500 Btu/lb, 2.5 lbs SO2/MMBtu, FOB Rail coal; affected codes are
CAJQ001, CAJQ002, CAJQ003 and CAJY001.

Finance
Weather &
Emissions

See the original announcement.

Other

Data
Partners

65

Market
Analysis

September/October 2015

Summary

Editorial
Power

Softs and Metals

Petroleum
Nat Gas

Platts to Launch Chicago and New Orleans


DDGS Assessments

Metals
Freight

ZEMA collects more than 50 data reports on softs for North America. To learn more about ZEMAs extensive data
coverage, visit www.ze.com/the-zema-solutions/dcata-coverage.

Softs

For New Orleans, prices would reflect CIF deliveries of 1,360 mt (1,500 short tons) basis
New Orleans for next-month loading.

Coal

On October 1, 2015, Platts launches two new daily price assessments for dried distillers
grains with solubles (DDGS) in the Midwest and Gulf Coast to reflect export quality DDGS with
a protein content with a minimum of 25%, a minimum color of 50 (according to the
Hunter L test), fat minimum of 6%, and a moisture level in the range of 10% to 12%,
standardized to 11.5%.
For Chicago, prices would reflect 22.6 mt (25 short tons) truck delivered to the Channahon,
Illinois, rail head for next-week delivery.

See the original announcement.


Finance

Platts to Add Daily EU Feed Wheat and Corn Assessment

Weather &
Emissions

Platts proposes to launch a new daily spot physical assessment for


EU feed wheat and EU corn, on a CIF Netherlands basis, in response to widespread
market demand.

Other

The daily assessments would launch on October 1, 2015 and would reflect the daily traded
or tradable value of cargoes of CIF corn and CIF feed wheat, basis the Netherlands (defined
as the ports of Amsterdam-Rotterdam-Antwerp-Ghent) for delivery six to eight weeks forward
from that days date, as at 1630 London time.

Data
Partners

For assessment purposes, such cargoes may be normalized to reflect the value for a
60,000 mt parcel. As per Platts methodology, the assessment would be made using
transactional information collected daily, including transactions, bids and offers.
66

Market
Analysis

September/October 2015

Editorial

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more, book a
complimentary ZEMA demonstration.

Summary

Softs

In the absence of representative CIF Netherlands corn and wheat price information, Platts
may also refer to FOB prices from relevant supply origins using prevailing spot freight rates.

See the original announcement.


Power
Softs

Cargo assessments will reflect parcels of 12,000 mt, though FOB cargoes of between
8,000 mt and 12,000 mt will be considered. Loading locations FOB Bangkok, Laem
Chabang, Koh Si Chang and Sri Racha will be considered.

Metals

The assessments will roll forward in line with expiry of the ICE Sugar No. 11 Futures monthly
contract. The outright price does not include an additional polarization premium.

Freight

The assessments are published in the Kingsman Daily Sugar Market Report, on Platts
Agriculture Alert and in Platts Market Data.
See the original announcement.

Finance

Platts to Assess FAS Antwerp Basis for


Sugar Containers EU 45

Market
Analysis

67

Data
Partners

The assessment is published as a premium to the ICE White Sugar Futures front-month
contract and as an outright price at 1630 London time.

Other

Indications for sugar traded in containers for other locations within the Hamburg to Rouen
region would still be considered for the assessment, but would be normalized to bring them in
line with Antwerp.

Weather &
Emissions

Effective October 28, 2015, Platts changes its daily Containers EU 45 sugar assessment to
reflect shipments from the port of Antwerp on an FAS (Free Alongside Ship basis to replace the
current FOB basis. The change to FAS basis would also apply to the weekly Export (Premium
to Ldn 5) - FOB Antwerp assessment, pending discontinuation of that assessment effective
March 2, 2016.

September/October 2015

Coal

Platts currently publishes bids, offers and trades heard in the market for these shipment
cycles. The new forward physical curve will create formal assessments for these windows. The
forward physical curve will adopt the same underlying terms and conditions reflected in the
existing spot assessments. It will reflect a minimum polarization on a wet basis of
98.5 degrees at the time of shipment.

Nat Gas

Platts launches new forward physical assessments for Thai Hi-Polarization sugar on
October 5, 2015. The daily assessed curve includes the first three 75-day shipment windows
and reflects existing trading patterns where Thai Hi-Pol sugar is traded forward over four
75-day shipment windows.

Petroleum

Platts to Launch Thai Hi-Pol Sugar Forward


Physical Assessment Curve

Summary

Softs

The assessments appear in the Kingsman Daily Sugar Market Report, EU Sugar Weekly, on
Platts Agriculture Alert pages PA1430 and PAA PA1432, and in Platts Market Data under
symbols SGAEA00, SGAEB00, and SGBCB00.

Editorial

ZEMA collects several sugar-based reports from Platts. To learn more about ZEMAs data coverage, visit
www.ze.com/the-zema-solutions/data-coverage.
See the original announcement.

Power
Petroleum

Platts to Launch Daily APW Wheat


FOB Australia Assessment
Platts launches a new daily APW Wheat FOB Australia assessment, which will reflect the
traded or tradable value of spot physical cargoes, starting September/October 9, 2015.

Nat Gas

The assessment would represent typical spot Australian export qualities, normalized to
Australian Premium White (APW) grade with a minimum of 10.5% protein (on an 11%
moisture basis), a maximum of 12.5% total moisture, a minimum falling number of
300 seconds and a typical flour wet gluten of 24.5%.

See the original announcement.

Finance

Platts Launches DDGS Assessements for the


Midwest and Gulf Coast

Weather &
Emissions

Effective October 01, 2015, Platts launches new daily price assessments for dried distillers
grains with solubles (DDGS) in the Midwest and Gulf Coast.

Other

The new assessments will reflect export quality DDGS with a protein content with a minimum
of 25%, a minimum color of 50 (according to the Hunter L test), fat minimum of 6%, and a
moisture level in the range of 10%-12%, standardized to 11.5%.

For New Orleans, prices would reflect CIF deliveries of 1,360 mt (1,500 st) basis New Orleans
for next month loading.

Market
Analysis

68

Data
Partners

For Chicago, prices would reflect 22.6 mt (25 st) truck delivered to the Channahon, Illinois,
rail head for next week delivery.

September/October 2015

Freight

ZEMA collects reports from the agricultural market on a daily basis. To learn more about ZEMAs extensive data coverage,
visit http://www.ze.com/the-zema-solutions/data-coverage/.

Metals

In the absence of representative FOB Australia price information, Platts may also refer to CFR
prices in relevant destinations using prevailing spot freight rates.

Softs

As per Platts methodology, the assessment would be made using transactional information
collected daily, including transactions, bids and offers.

Coal

The assessments volume, location and timing would reflect typical Australian wheat exports,
normalized to 30,000 mt loading in Kwinana, Western Australia, for a cargo loading in
30-60 days.

Editorial

See the original announcement.

Summary

Softs

ZEMA already collects data from Platts reports. To gain a wider perspective of the agricultural market, visit
http://www.ze.com/the-zema-solutions/ for further information on how ZEMA can enhance your business processes.

ICE Futures U.S. Introduces World Cotton Contract


Power

On September/October 2, 2015, Intercontinental Exchange (ICE)


launches a World Cotton contract. The World Cotton contract will price delivery of multiple
origins and allow delivery in multiple locations around the world. The new contract will trade
alongside ICEs benchmark Cotton No. 2 contract. Key details of the World Cotton futures
contract include:

Petroleum

First delivery month: May 2016

Softs

The rules provide for a par quality of Middling color, Leaf 3 and Staple 36, with invoicing
differentials for delivery of other allowed qualities

Coal

The rules provide for delivery in exchange-licensed warehouses at specified delivery points
in Malaysia,Taiwan, Australia and the U.S., with the Malaysia and Taiwan locations at par
and with pre-set discounts for delivery in Australia and the U.S.

Nat Gas

Contract rules provide for delivery of cotton from the U.S., Australia, Brazil, India, Benin,
Burkina Faso,Cameroon, Ivory Coast and Mali, with the U.S. as par and a pre-set premium
or discount for each other origin

Additional information, including the origin, delivery location and quality differentials in place
at the launch of trading, is available at theice.com/world-cotton.

Freight

ZEMA collects multiple records from the agricultural market on a daily basis. To learn more about ZEMAs extensive data
coverage, visit http://www.ze.com/the-zema-solutions/data-coverage/.

Metals

Spread margins will be available with the ICE Cotton No. 2 contract

See the original announcement.


Finance
Weather &
Emissions

CME Launches South American Short-Dated


New Crop Soybean Options
On September/October 2, 2015, CME Group launches South American Short-Dated New
Crop Soybean Options. Some details of the product are listed below:

Clearing/Floor Code

SRS

Globex Code

SRS

SPAN Code

SRS

69

Market
Analysis

September/October 2015

Data
Partners

CBOT
Other

Exchange

Product Size

5000 bushels

Listing Convention

On the first trading day following standard CBOT Soybean May option
expiration, list 5 contract months: July, September, September/October,
next January, and next March.

Initial Contracts

Jan-2016 and Mar-2016

Minimum Price Increment

0.00125 (1/8th cents in fractional terms)

Value Per Tick/ Currency

5000 x 0.00125= $6.25

Nat Gas

Globex, ClearPort & CBOT Trading Floor

Petroleum

Trading Venues

Power

Options

Editorial

Instrument Type

Summary

South American Short-Dated New Crop Soybean Options on


Soybean Futures

Softs

Description

See the original announcement.


Coal

CME Europe Starts Trades of New Fertilizer Futures

Softs

On September 25, 2015, CME Group announced the first trades of its
new Fertilizer futures contracts on CME Europe, CME Groups European exchange.
The contract traded for the first time on Monday, 21 September 2015.

Metals

The trade comprised of 200 lots of the December 2015 Urea (Granular) FOB
Middle East futures contact, and was brokered by Freight Investor Services in London for
corporate clients.

25 Metric Tons

Price
Quotation

Quoted in USD per Metric Tons

CME
ClearPort:

Sunday - Friday 23:00 hours - 22:15 hours London time.


Friday close at 22:15 hours and reopens at 23:00 hours
London time on Sunday.

Other

Sunday - Friday 23:00 hours - 22:15 hours London time.


Friday close at 22:15 hours and reopens at 23:00 hours
London time on Sunday.

Weather &
Emissions

Trading Hours

CME
Globex:

Finance

Contract Unit

Freight

These fertilizer contracts are subject to the rules of CME Europe and CME Clearing Europe.
Details of the new contracts are set out below and full contract specifications can be found at
http://www.cmegroup.com/europe/products.

Data
Partners

70

Market
Analysis

September/October 2015

Editorial

The Daily Settlement Price fluctuation is 0.25 USD per Metric Tons.

12 consecutive months listed

Settlement
Method

Financially Settled

Nat Gas

Listed
Contracts

Petroleum

Product Code

Power

The Minimum Final Settlement Price fluctuation is 0.01 USD per


Metric Tons.
CME Globex: FME
CME ClearPort: FME
Clearing: FME

Summary

Softs

Minimum Price
Fluctuation

CME Globex & CME ClearPort: Quoted in multiples of 0.25 USD per
Metric Tons (USD 6.25 per lot).

Coal

ZEMA collects reports from the agricultural market on a daily basis. To learn more about ZEMAs extensive data coverage,
visit http://www.ze.com/the-zema-solutions/data-coverage/.
See the original announcement.

Softs

Argus Introduces Brazil FMB Fertilizer

Metals

On September 18, 2015, Argus introduced weekly FMB Fertilizer Brazil assessments
calculated in USD/t and BRL/t. Fertilizers include nitrogen, phosphate, potash, sulphurica
acid, and urea types. For detailed information, see the original announcement.

Freight

ZEMAcollects multiple Argus reports. To gain a wider perspective of the agricultural market, visit
http://www.ze.com/the-zema-solutions/ for further information on how ZEMA can enhance your business processes.

Finance

Argus Adds Urea Series for North Africa and Europe

Unit

Category

PA0017728

Urea granular bulk fob North Africa full range

USD/t

->Fertilizer->Urea

PA0017728

Urea granular bulk fob North Africa full range

USD/t

->Fertilizer->Urea

PA0017728

Urea granular bulk fob North Africa full range

USD/t

->Fertilizer->Urea

PA0017729

Urea granular bulk fob Baltic

USD/t

->Fertilizer->Urea
71

Market
Analysis

September/October 2015

Data
Partners

Price
Description
type

Other

PA-code

Weather &
Emissions

Effective October 29, 2015, Argus commences publishing weekly fertilizer


series, which will appear in the DNitrogen module in the \DNitrogen folder on
ftp.argusmedia.com.

Category

PA0017729

Urea granular bulk fob Baltic

USD/t

->Fertilizer->Urea

PA0017729

Urea granular bulk fob Baltic

USD/t

->Fertilizer->Urea

Editorial

Unit

Power

See the original announcement.

Petroleum

EEX Launches Agricultural Indexes

Nat Gas

As of October 14, 2015, EEX provides its customers with the market data for
Agricultural Indexes within the Info-Product Agriculture which has been launched on
28 May 2015.

XLS

HogIndexHistory_YYYY.xls

XLS

PigletIndexHistory_YYYY.xls

XLS

SkimmedMilkPowderIndexHistory_YYYY.xls

CSV

ButterIndexResults_YYYYMMDD.csv

CSV

EuropeanProcessingPotatoIndexResults_YYYYMMDD.csv

CSV

EuropeanWheyPowderIndexResults_YYYYMMDD.csv

CSV

HogIndexResults_YYYYMMDD.csv

CSV

PigletIndexResults_YYYYMMDD.csv

CSV

SkimmedMilkPowderIndexResults_YYYYMMDD.csv

XML

ButterIndexResults_YYYYMMDD.xml

XML

EuropeanProcessingPotatoIndexResults_YYYYMMDD.xml

XML

EuropeanWheyPowderIndexResults_YYYYMMDD.xml

XML

HogIndexResults_YYYYMMDD.xml

72

Market
Analysis

September/October 2015

Data
Partners

EuropeanWheyPowderIndexHistory_YYYY.xls

Other

XLS

Weather &
Emissions

EuropeanProcessingPotatoIndexHistory_YYYY.xls

Finance

XLS

Freight

ButterIndexHistory_YYYY.xls

Metals

XLS

Softs

File name

Coal

Market data on Agricultural Indices is integrated into the existing Info-Products


for Agriculture End-of-day Data (EOD). The following files are being launched on the
sFTP server mis.eex.com:
File format

Summary

Price
Description
type

Softs

PA-code

PigletIndexResults_YYYYMMDD.xml

XML

SkimmedMilkPowderIndexResults_YYYYMMDD.xml

Editorial

XML

Summary

File name

Softs

File format

Power

ZEMA already collects over 100 data reports on agriculture. To gain a wider perspective of the agricultural market, visit
http://www.ze.com/the-zema-solutions/ for further information on how ZEMA can enhance your business processes.
See the original announcement.

Petroleum

Platts Discontinues Export FOB Antwerp


Premium Sugar Assessment

Freight

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more, book a
complimentary ZEMA demonstration.

Metals

Platts Containers EU 45 assessment appears in the Kingsman Daily Sugar Market Report, EU
Sugar Weekly, on Platts Agriculture Alert page PA1430, and in Platts Market Data under
symbols SGAEA00 and SGAEB00.

Softs

Platts separately proposes making Antwerp the basis of its Containers EU 45 assessment
from October 28, 2015. The change to FAS basis would also apply to the Export (Premium to
Ldn 5) - FOB Antwerp assessment, pending its discontinuation.

Coal

The Export (Premium to Ldn 5) - FOB Antwerp assessment appears in the EU Sugar Weekly, on
Platts Agriculture Alert page PAA PA1432, and in Platts Market Data under symbol SGBCB00.

Nat Gas

Effective March 02, 2016, Platts proposes to discontinue its weekly Export (Premium to Ldn
5) - FOB Antwerp sugar assessment with the aim of streamlining the portfolio of assessments
published for the European Union ahead of quota abolition in 2017.
From October 1, 2017, the abolition of quotas could result in higher volumes exported from
the EU to the world market. In that context, Platts believes the role of a daily-assessed price
for sugar exported in containers will assume greater importance.

Finance

See the original announcement.

Weather &
Emissions

Argus Ceases Croatia/Romania Urea Series


Effective October 29, 2015, Argus stops circulating some weekly series
in the Argus FMB Nitrogen module:
Unit

Category

PA0009867

Urea prilled bulk fob Croatia/Romania

USD/t

->Fertilizer->Urea

PA0009867

Urea prilled bulk fob Croatia/Romania

USD/t

->Fertilizer->Urea

PA0009867

Urea prilled bulk fob Croatia/Romania

USD/t

->Fertilizer->Urea

Data
Partners

Price type Description

Other

PA-code

See the original announcement.


73

Market
Analysis

September/October 2015

Summary

Editorial

Metals

Power
Petroleum

ICE Futures Singapore Launches Kilo Gold Futures

Nat Gas

Effective September/October 17, 2015, ICE Futures Singapore and ICE Clear Singapore
launch Kilo Gold Futures with the following specifications:
Contract Symbol: AU
Contract Size: One gold bar minimum weight 1 kilogram

Coal

Unit of Trading: Any multiple of 1 kilogram


Currency: US Dollars

Softs

ZEMA collects more than 200 metals records. To receive a complimentary ZEMA demonstration,
visit www.ze.com/book-a-demo.
See the original announcement.

Metals

NCDEX Initiates Gold Forwards for Jaipur

Symbol Description

K995JPR1

GOLD KILO 995 JAIPUR FIXED PRICE TRANSFERRABLE P+1 CONTRACT

GOK995JPR2

GOLD KILO 995 JAIPUR FIXED PRICE TRANSFERRABLE P+2 CONTRACT

Finance

Symbol

Freight

Effective September 07, 2015, forward contracts in Gold for delivery


in Jaipur are available for trading on NCDEX.:

Weather &
Emissions

GOM999JPR1 GOLD MINI 999 JAIPUR FIXED PRICE TRANSFERRABLE P+1 CONTRACT
GOM999JPR2 GOLD MINI 999 JAIPUR FIXED PRICE TRANSFERRABLE P+2 CONTRACT
IGK995JPR2

INDIA GOLD KILO 995 JAIPUR FIXED PRICE TRANSFERRABLE P+2 CONTRACT

Other

ZEMA is used by the front-, mid-, and back-office professionals in metals market. To learn how ZEMA can be tailored to
your specific needs and give you access to the right information, book a complimentary ZEMA demo
at www.ze.com/book-a-demo.

Data
Partners

See the original announcement.

74

Market
Analysis

September/October 2015

Commodity Code

AEP

Contract Size

25 metric tons
CME Globex and CME ClearPort:
Monthly contracts listed for the current year and the next calendar year.

First Listed Month

October 2015

Block Trade
Minimum Threshold

10 contracts

Metals

Last business day of the contract month

Softs

Termination of Trading

Coal

Monthly contracts for a new calendar year will be added following the
termination of trading in the December contract of the current year

Nat Gas

Listing Schedule

Petroleum

Aluminum European Premium Duty-Unpaid (Metal Bulletin) Futures

Power

Contract Name

Editorial

On September 20, 2015, Commodity Exchange, Inc. (COMEX or Exchange) starts listing a
new cash-settled Aluminum European Premium Duty-Unpaid (Metal Bulletin) Futures contract
(commodity code: AEP; rulebook chapter 108) for trading on CME Globex and for submission
for clearing through CME ClearPort. The contract specifications are below.

Summary

Metals

CME Announces Aluminum European Premium


Duty-Unpaid Futures

Freight

The graph below demonstrates analysis that can be performed on CME physical aluminum
futures. to learn more about how ZEMA can help with assessment of metal markets, book a
complimentary ZEMA demonstration.

Finance

Graph created with ZEMA

Weather &
Emissions
Other

Data
Partners

Source : CME
See the original announcement.
75

Market
Analysis

September/October 2015

Editorial

Effective October 11, 2015, (trade October 12), Iron Ore APOs are listed
for trading on CME Globex.

Summary

Metals

CME Launches China Iron Ore Average Price Options

iLink: tag 55-Symbol


MDP 3.0 tag 1151 Security Group
(Outrights)

iLink: tag 55-Symbol


MDP 3.0 tag 1151 Security Group
(UDS)

Power

Iron Ore 62% Fe, CFR China (TSI)


Average Price Option

ICT

I1 (eye one)

I2 (eye two)

Petroleum

Iron Ore 62% Fe, CFR North China


ICP
(Platts) Average Price Option

I1 (eye one)

I2 (eye two)

Nat Gas

Product

iLink: tag
1151-Security Group
MDP 3.0: tag
6937-Asset

These contracts are listed with, and subject to, the rules and regulations of NYMEX.
See the original announcement.

Coal

Argus Adds New Metal Series for Asia and Europe

Price
Description
type

Unit

Category

Frequency

PA0017730 2

Rutile Hainan min 90%


TiO2 ex-works China

CNY/t

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017731 1

Rutile Australian min 95%


->Metals - Non-ferrous->Minor
CNY/t
TiO2 ex-works China
and Speciality->Asia-Pacific

Daily

PA0017731 2

Rutile Australian min 95%


->Metals - Non-ferrous->Minor
CNY/t
TiO2 ex-works China
and Speciality->Asia-Pacific

Daily

PA0017732 1

Zircon sand Hainan min


66% O2 ex-works China

CNY/t

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017732 2

Zircon sand Hainan min


66% O2 ex-works China

CNY/t

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017733 1

Zircon sand Australian


min 66% O2 cif China

USD/t

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017733 2

Zircon sand Australian


min 66% O2 cif China

USD/t

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

76

Market
Analysis

September/October 2015

Data
Partners

Daily

Other

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Weather &
Emissions

CNY/t

Finance

Rutile Hainan min 90%


TiO2 ex-works China

Freight

PA0017730 1

Metals

PA-code

Softs

On October 20, 2015, Argus started publishing new codes in the


Argus Minor Metals data module, which appears in the DMinorMetals module:

Unit

Category

Frequency

Daily

PA0017735 2

Niobium pentoxide min


99.5% ex-works China

CNY/
kg

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017736 1

Hafnium min 99% du


Rotterdam

USD/ ->Metals - Non-ferrous->Minor


kg
and Speciality->Europe

Daily

PA0017736 2

Hafnium min 99% du


Rotterdam

USD/ ->Metals - Non-ferrous->Minor


kg
and Speciality->Europe

Daily

PA0017737 1

Tantalum pentoxide min


99.5% ex-works China

CNY/
kg

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017737 2

Tantalum pentoxide min


99.5% ex-works China

CNY/
kg

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017738 1

Manganese lump min


95% Mn ex-works China

CNY/t

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017738 2

Manganese lump min


95% Mn ex-works China

CNY/t

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Daily

PA0017739 1

Hafnium min 99% du


Rotterdam MTD

USD/ ->Metals - Non-ferrous->Minor


kg
and Speciality->Europe

Weekly

PA0017739 2

Hafnium min 99% du


Rotterdam MTD

USD/ ->Metals - Non-ferrous->Minor


kg
and Speciality->Europe

Weekly

PA0017740 1

Hafnium min 99% du Rot- USD/ ->Metals - Non-ferrous->Minor


terdam monthly average kg
and Speciality->Europe

Monthly

PA0017740 2

Hafnium min 99% du Rot- USD/ ->Metals - Non-ferrous->Minor


terdam monthly average kg
and Speciality->Europe

Monthly

Weather &
Emissions

->Metals - Non-ferrous->Minor
and Speciality->Asia-Pacific

Finance

CNY/
kg

Freight

Niobium pentoxide min


99.5% ex-works China

Metals

PA0017735 1

Softs

Daily

Coal

Manganese briquette min


->Metals - Non-ferrous->Minor
CNY/t
97% Mn ex-works China
and Speciality->Asia-Pacific

Nat Gas

PA0017734 2

Petroleum

Daily

Power

Manganese briquette min


->Metals - Non-ferrous->Minor
CNY/t
97% Mn ex-works China
and Speciality->Asia-Pacific

Editorial

PA0017734 1

Summary

Price
Description
type

Metals

PA-code

ZEMA collects almost 100 metals reports. To learn more about the metals reports ZEMA collects,
visit http://www.ze.com/the-zema-solutions/data-coverage/.

Other

See the original announcement.

Data
Partners

77

Market
Analysis

September/October 2015

Summary

Editorial

Metals

Power
Petroleum

Platts to Publish China Blast Furnace


Iron Ore Pellet Premium

Freight

See the original announcement.

78

Market
Analysis

See the original announcement.

Data
Partners

ZEMA collects more than 90 metals records from Platts alone. To gain a wider perspective on the metals market and find
out how the ZEMA solution can enhance your companys business processes, visit www.ze.com/the-zema-solutions.

Other

This assessment is introduced as a replacement for no-longer valid daily Western aluminum
premium C+F China (MMALQ00) and the Russian aluminum premium C+F China (MMALR00)
discontinued on October 30, 2015.

Weather &
Emissions

On September/October 2, 2015, Platts launches a daily all-in


aluminum formula price to show the spread between import prices
to China compared with domestic prices. The import price will reflect Current LME + Platts
CIF South Korean Spot Premium x Yuan exchange rate x 17% Value Added Tax + China port
charges. This can then be compared with the China domestic Shanghai Futures Exchange
current front month price,as well as the various domestic spot prices for the reference spread.

Finance

Platts Launches China Aluminum All-In Price

September/October 2015

Metals

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more, book a complimentary ZEMA demonstration.

Softs

Platts will publish this value in the daily iron ore assessment table in SBB Steel Markets Daily
on page 3 and on page MW1161 of PMA and to database the value, making it available in
data products under the category SI.

Coal

The assessment will reflect the following underlying chemical and physical specifications:
65% iron, 0.35% alumina, 5% silica, 0.02% phosphorus, 0.003% sulfur, 250 Cold Crushing
Strength (CCS), and a maximum sizing of 2.5% under 5mm.

Nat Gas

Effective October 7,2015, Platts starts publishing a weekly spot CFR China blast furnace (BF)
iron ore pellet premium assessment. The assessment will be published on a $/dry metric ton
basis and is intended to reflect the premium over the basis Platts 62% Fe Iron Ore Index, or
IODEX, fines value plus VIU adjustment, expressed in the most commonly traded blast furnace
pellet grades and brands imported into China.

Editorial

Platts has increased the frequency of assessment for the rebar FOB China
price assessment (STCBZ02) to daily, effective September 1, 2015. Prior to this,
the assessment had been published weekly.

Summary

Metals

Platts Launches Daily FOB China Rebar Steel Assessment

The change reflects the growth in Chinas rebar exports sold on a spot basis. Chinese exports
have gained in pricing importance as they influence export and domestic prices of other
countries in the region.

Power

The location basis specified is FOB Tianjin, China and the cargo size will be 5,000 mt.
Payment terms is L/C at sight. Cargoes for shipment between four to eight weeks forward from
the date of publication are considered for assessment.

Petroleum
Nat Gas

The assessments are published in Platts Steel Price Report, Platts Steel Markets Daily, Platts
Price Analyzer, Platts Metals Alert and Platts Market Data.
See the original announcement.

Coal

DGCX Launches India Silver Quanto Cash Settled Futures

DIS

Underlying

India Silver

Contract Size

Price Quote

USD 1 * Indian Silver Futures Price quoted in INR/ KG


(e.g. Bid 36,000 / Ask 36,001)

Tick Size

USD 1

Finance

Contract Symbol

Freight

Specifications Parameters
Metals

Specifications Parameters

Softs

On October 09, 2015, DGCX introduced cash settled India Silver Quanto
Futures. See the specifications of the contract below:

Weather &
Emissions
Other

Data
Partners

79

Market
Analysis

September/October 2015

The Final Cash Settlement Price basis shall be the benchmark reference
Silver futures price publically available in India that corresponds to the
DGCX Contract Month

Trading Months

March, May, July, September, December


(three contracts at any given point of time)

Last Day of Trading

The second last trading day of month prior to delivery month

See the original announcement.

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more, book a complimentary ZEMA demonstration.

Softs

On August 31, 2015, NYMEX delisted Chinese Steel Rebar HRB400 Futures (Clearing
Code RBR/ Globex Code RBR) from CME Globex and CME ClearPort due to no open interest in
this product.

Coal

NYMEX Delists Chinese Steel Rebar HRB400 Futures

Nat Gas

ZEMA collects over 100 metal data reports. ZEMA can easily collect NGCX silver data. To learn more about ZEMAs data
coverage, visit http://www.ze.com/the-zema-solutions/data-coverage/.

Petroleum

Final Cash Settlement Price


Basis

Power

Cash settled

Editorial

Settlement Type

Summary

500 contracts for Banks and institutions promoted by Banks. All other
entities 200 Contracts

Metals

Maximum Order Size

Metals

See the original announcement.

Freight

Platts Discontinues China Aluminum Premiums

Finance

Effective October 30, 2015, Platts discontinues the publication of the daily
Western aluminum premium C+F China (MMALQ00) and the Russian aluminum premium
C+F China (MMALR00).

Data
Partners

ZEMA is used by the front-, mid-, and back-office professionals in metals market. To learn how ZEMA can be tailored to
your specific needs and give you access to the right information, book a complimentary ZEMA demo
at www.ze.com/book-a-demo.

Other

Spot trade activity for these metals into China have been minimal in recent years due to
rapidly expanding domestic smelting capacity and the resulting excess output. China imports
only when there is a strong arbitrage opportunity between the domestic and import markets,
which happens only a few times a year.

Weather &
Emissions

With the discontinuation of these prices, Platts will also cease to publish the Western
aluminum fixed price equivalent C+F China price (MMALR00), as well as the Russian
aluminum fixed price equivalent C+F China price (MMACR00), which prices are based on
current LME aluminum price plus the assessed premiums.

See the original announcement.


80

Market
Analysis

September/October 2015

Summary

Editorial

Metals

Power
Petroleum

Platts to Discontinue Daily Tokyo Kerb Copper Prices

Nat Gas

Platts is proposing to discontinue publication of the daily Tokyo Kerb


Prices for Copper Cash (MMALN00), and Tokyo Kerb Prices for Copper 3-Month
(MMALO00) by December 1, 2015.

Coal

Since the launch of LME Select, which provides live electronic LME trading prices 24 hours a
day, the relevance of Kerb has diminished significantly.

Softs

With the discontinuation of these prices, Platts will also cease to publish the daily Tokyo
Kerb Copper Cash price in yen/kg (MMATK00), and the Tokyo Kerb 3-Month price in yen/kg
(MMCTK30), which are automated prices with the yen conversion. The automated monthly
average Tokyo Kerb 3-Month price in yen/kg (MMCTK03) will also cease to publish.
See the original announcement.

Metals

Platts Discontinues Weekly FOB China


Silicomanganese Assessment

Freight

On October 29, 2015, Platts discontinues publication of the weekly


FOB China Silicomanganese 65% Price assessment (MMAJK00).

Weather &
Emissions

See the original announcement.

Finance

Spot export activity for Silicomanganese has fallen significantly due to an export duty of 20%
in recent years, and preliminary market research shows that this price is no longer
representative of most market activity.

Other

Data
Partners

81

Market
Analysis

September/October 2015

Petroleum

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more,
book a complimentary ZEMA demonstration.
See the original announcement.

Nat Gas

Platts to Discontinue Domestic China FeCr

Coal

Platts is proposing to focus its Chinese ferrochrome market reporting


on its existing weekly CIF China price assessments of Charge Chrome and High Carbon
Chrome series, published in SBB price analyzer, Metals Daily and on Platts Metals Alert.

See the original announcement.

Freight

Argus Renames Black See Steel Series

New Description

PA0016052

Ferrous scrap A3 cpt European Urals mills Ferrous scrap A3 cpt Urals mills within
within 30 days
30 days RUB/t

Other

Ferrous scrap A3 cpt European Urals mills Ferrous scrap A3 cpt Urals mills within
within 30 days
30 days

Weather &
Emissions

PA0016051

Finance

Effective October 12, 2015, Argus renamed the following price series
in the Argus Black Sea Steel publication and data module effective 12 October 2015.
The following PA code details will appear in the DBlackSeaSteel module in the
DATA/DBlackSeaSteel folder on ftp.argusmedia.com
Old Description

Data
Partners

See the original announcement.

82

Market
Analysis

September/October 2015

Metals

Chinese domestic pricing for ferrochrome is dominated by term contracts and Platts considers
the assessments of import values will better reflect spot pricing at the margin as a result.

Softs

Platts plans to discontinue its weekly domestic price assessment published only in the
SBB price analyzer; Raw Materials/Ferro-chrome high carbon, 50% basis Cr/China domestic
Del. Mill, incl. 17% VAT, RMB/t (SB01104) by December 31, 2015.

PA-code

Power

Spot export activity for ferromanganese has fallen significantly due to an export duty of 20% in
recent years, and market research shows that this price is no longer representative of
significant market activity.

Editorial

On October 29, 2015, Platts discontinues publication of the weekly


FOB China High Carbon 75% Ferromanganese Price assessment (MMAIR00).

Summary

Metals

Platts Discontinues Weekly FOB China


Ferromanganese Assessment

Summary

Editorial

Freight

Power
Petroleum
Nat Gas

EEX Extends Dry Freight Futures


On September/October 26, 2015, EEX extends its freight offering:

Coal

the number of already listed maturities increased to 84 consecutive months for


Dry Bulk Time Charter Basket Routes and 36 consecutive months for Dry Bulk Trip
Time Charter as well as Dry Bulk Voyage Routes;

Metals

The underlying assets aremonthly price index for the relevant freight contract. The index is the
arithmetic average of all daily spot price assessments of the respective month as published
by Baltic Exchange. To complete the product range, option contracts are planned to be
introduced in Q1 2016.

Softs

the new Capesize TC5 contract, which in contrast to Capesize TC4 includes the
C9 Brazil-China route, introduced.

The following table gives an overview on the product specifications:


WKN

ISIN

Freight

Name

Eurex Codes

Dry Bulk Time Charter Basket Routes


DE000A11RCE4

CTCM

Capesize TC5 Freight Future

A1634C

DE000A1634C8

CPTM

Panamax TC Freight Future

A11RCF

DE000A11RCF1

PTCM

Supramax TC Freight Future

A11RCG

DE000A11RCG9

STCM

Handysize TC Freight Future

A11RCH

DE000A11RCH7

HTCM

P1A Panamax Transatlantic Freight Future

A11RCN

DE000A11RCN5

P1AM

P2A Panamax Far East Freight Future

A11RCP

DE000A11RCP0

P2AM

P3A Panamax Pacific Freight Future

A11RCQ

DE000A11RCQ8

P3AM

Weather &
Emissions

A11RCE

Finance

Capesize TC4 Freight Future

Dry Bulk Trip Time Charter Routes


Other

Data
Partners

83

Market
Analysis

September/October 2015

C3EM

C4 Capesize Freight Future

A11RCJ

DE000A11RCJ3

C4EM

C5 Capesize Freight Future

A11RCM

DE000A11RCM7

C5EM

C7 Capesize Freight Future

A11RCK

DE000A11RCK1

C7EM

Power

DE000A11RCL9

Editorial

A11RCL

Summary

C3 Capesize Freight Future

Freight

Dry Bulk Voy-age Routes

See the original announcement.


Petroleum

Argus Introduces US Fuel Oil, Coal, and Clean Freight Rates

Price
Description
type

PA0000770

PA0000770

Category

Frequency

Fuel oil bunker


180 cst Los Angeles

USD/t

->Products->Fuel
oil->US west coast

Daily

Fuel oil bunker


180 cst Los Angeles

USD/t

->Products->Fuel
oil->US west coast

Daily

PA0000772

Fuel oil bunker


180 cst Portland

USD/t

->Products->Fuel
oil->US west coast

Daily

PA0000772

Fuel oil bunker


180 cst Portland

USD/t

->Products->Fuel
oil->US west coast

Daily

PA0000775

Fuel oil bunker


180 cst Seattle

USD/t

->Products->Fuel
oil->US west coast

Daily

PA0000775

Fuel oil bunker


180 cst Seattle

USD/t

->Products->Fuel
oil->US west coast

Daily

PA0000779

Fuel oil bunker


380 cst Portland

USD/t

->Products->Fuel
oil->US west coast

Daily

PA0000779

Fuel oil bunker


380 cst Portland

USD/t

->Products->Fuel
oil->US west coast

Daily

PA0000782

Fuel oil bunker


380 cst Seattle

USD/t

->Products->Fuel
oil->US west coast

Daily

PA0000782

Fuel oil bunker


380 cst Seattle

USD/t

->Products->Fuel oil>US west coast

Daily

PA0000784

Fuel oil bunker


380 cst Los Angeles

USD/t

->Products->Fuel oil>US west coast

Daily

Softs

Unit

Metals
Freight
Finance
Weather &
Emissions
Other

Data
Partners

84

Market
Analysis

September/October 2015

Diff basis

Coal

PA-code

Nat Gas

Effective October 7, 2105, to support a change in the methodology for


Americas freight rates, the dfr1 module will be distributed at 6PM EST on
ftp.argusmedia.com with effect from 07 October 2015. Additionally, all PA codes in the
dfr2 csv will be published in the dfr1 csv file in order to provide a single source of data. The
following series currently in the dfr2 file will be published in the dfr1 file.

PA0000797

Category

Frequency

Fuel oil bunker 380


cst Los Angeles

USD/t

->Products->Fuel
oil->US west coast

Daily

Fuel oil bunker


180 cst Houston

USD/t

->Products->Fuel
oil->US Gulf coast

Daily

PA0000797

Fuel oil bunker


180 cst Houston

USD/t

->Products->Fuel
oil->US Gulf coast

Daily

PA0000798

Fuel oil bunker


180 cst New York

USD/t

->Products->Fuel
oil->US east coast

Daily

PA0000798

Fuel oil bunker


180 cst New York

USD/t

->Products->Fuel
oil->US east coast

Daily

PA0000802

Fuel oil bunker


380 cst Houston

USD/t

->Products->Fuel
oil->US Gulf coast

Daily

PA0000802

Fuel oil bunker


380 cst Houston

USD/t

->Products->Fuel oil>US Gulf coast

Daily

PA0000803

Fuel oil bunker


380 cst New York

USD/t

->Products->Fuel oil>US east coast

Daily

PA0000803

USD/t

->Products->Fuel oil>US east coast

Daily

PA0003049

20

USD/t

->Freight->Coal->Latin
Weekly
America

USD/t

->Freight->Coal->US
west coast

Weekly

USD/t

->Freight->Coal->US
east coast

Weekly

USD/t

->Freight->Coal->US
Gulf coast

Weekly

USD/t

->Freight->Coal->US
east coast

Weekly

USD/t

->Freight->Coal->US
east coast

Weekly

USD/t

->Freight->Coal->Latin
Weekly
America

USD/t

->Freight->Coal->US
east coast

PA0003065

20

PA0013193

20

Weekly
85

Market
Analysis

September/October 2015

Data
Partners

20

Other

PA0003063

Weather &
Emissions

20

Finance

PA0003056

Freight

20

Metals

PA0003055

Softs

20

Coal

PA0003054

Coal panamax size


75kt US east coast Japan
Coal panamax size
70kt US Gulf coast Rotterdam
Coal panamax size
75kt US east coast Rotterdam
Coal cape size
140kt US east coast
- Rotterdam
Coal handy size 30kt
Puerto Bolivar - US
east coast
Coal panamax size
75kt US east coast India

Nat Gas

20

Coal panamax size


60kt west coast North America - Rotterdam

Petroleum

PA0003050

Fuel oil bunker


380 cst New York
Coal panamax size
70kt Puerto Bolivar - US Gulf coast

Power

Unit

Editorial

PA0000784

Diff basis

Summary

Price
Description
type

Freight

PA-code

PA0017651

PA0017652

PA0017653

20
20

20

PA0017662

USD/t

->Freight->Coal->Latin
Weekly
America

USGC-Chile USD

->Freight->
Daily
Clean->North America

USGC-Chile USD

->Freight->
Daily
Clean->North America

USD

->Freight->
Daily
Clean->North America

USD

->Freight->
Daily
Clean->North America

USD

->Freight->
Daily
Clean->North America

USD

->Freight->
Daily
Clean->North America

WS

->Freight->
Daily
Clean->North America

WS

->Freight->
Daily
Clean->North America

WS

->Freight->
Daily
Clean->North America

USD

->Freight->Dirty->Latin
Daily
America

Freight clean USGC


- east coast Canada 38kt WS
Freight dirty USGC/
Caribbean Singapore 130kt
(lumpsum)

Data
Partners

86

Market
Analysis

September/October 2015

Other

PA0017655

->Freight->Coal->Latin
Weekly
America

Weather &
Emissions

PA0017654

Freight clean USGC


- Argentina/Brazil
38kt WS

USD/t

Finance

Freight

PA0017650

Weekly

Metals

->Freight->Coal->US
east coast

Softs

PA0017649

USD/t

Coal

Nat Gas

PA0017648

Freight clean USGC Mejillones/


Antofagasta 38kt
(lumpsum)
Freight clean east
coast Canada USAC 38kt
(lumpsum)
Freight clean USGC Ecuador 38kt
(lumpsum)
Freight clean USGC Peru 38kt
(lumpsum)
Freight clean USGC Japan 38kt
(lumpsum)
Freight clean USAC UKC 38kt WS

Frequency

Petroleum

PA0017647

Freight clean USGC


- Quintero 38kt
(lumpsum)

Category

Power

PA0016204

Unit

Editorial

PA0016203

Diff basis

Summary

PA0013194

Price
Description
type
Coal cape size
20 140kt US east coast
- India
Coal panamax size
20 70-75kt Puerto
Bolivar - Pecem
Coal handy size 4020 50kt Puerto Bolivar
- Itaqui

Freight

PA-code

->Freight->Dirty->Latin
Daily
America

20

Freight dirty
Caribbean - UKC
150kt WS

WS

->Freight->Dirty->Latin
Daily
America

20

Freight dirty
Caribbean - Panama 130kt WS

WS

->Freight->Dirty->Latin
Daily
America

20

Freight dirty east


coast Mexico - USGC 70kt WS

WS

->Freight->Dirty->Latin
Daily
America

PA0017667

20

Freight dirty east


coast Mexico - USGC 50kt WS

WS

->Freight->Dirty->Latin
Daily
America

PA0017668

Freight clean USGC USGC-Chile USD/t


Caldera 38kt $/t

->Freight->
Daily
Clean->North America

PA0017669

Freight clean USGC USGC-Chile USD/t


Quintero 38kt $/t

->Freight->
Daily
Clean->North America

PA0017664

PA0017665

PA0017666

Freight clean USGC Mejillones/


USGC-Chile USD/t
Antofagasta
38kt $/t
Freight clean east
coast Canada USD/t
USAC 38kt $/t
Freight clean USGC USD/t
Ecuador 38kt $/t

->Freight->
Daily
Clean->North America

PA0017671

PA0017672

PA0017673

Freight clean USGC Peru 38kt $/t

USD/t

->Freight->
Daily
Clean->North America

PA0017674

Freight clean USGC Japan 38kt $/t

USD/t

->Freight->
Daily
Clean->North America

PA0017675

20

USD/t

->Freight->
Daily
Clean->North America

PA0017676

20

USD/t

->Freight->
Daily
Clean->North America

PA0017677

20

USD/t

->Freight->
Daily
Clean->North America

->Freight->
Daily
Clean->North America

Freight
Finance
Weather &
Emissions
Other

Data
Partners

87

Market
Analysis

September/October 2015

Metals

->Freight->
Daily
Clean->North America

PA0017670

Freight clean USAC UKC 38kt $/t


Freight clean USGC
- Argentina/Brazil
38kt $/t
Freight clean USGC
- east coast Canada 38kt $/t

Softs

WS

Coal

Nat Gas

20

Freight dirty
Caribbean - USGC
130kt WS

PA0017663

Frequency

Petroleum

Category

Power

Unit

Editorial

Diff basis

Summary

Price
Description
type

Freight

PA-code

USD/t

->Freight->Dirty->Latin
Daily
America

20

Freight dirty
Caribbean - UKC
150kt $/t

USD/t

->Freight->Dirty->Latin
Daily
America

20

Freight dirty
Caribbean - Panama 130kt $/t

USD/t

->Freight->Dirty->Latin
Daily
America

20

Freight dirty east


coast Mexico - USGC 70kt $/t

USD/t

->Freight->Dirty->Latin
Daily
America

20

Freight dirty east


coast Mexico - USGC 50kt $/t

USD/t

->Freight->Dirty->Latin
Daily
America

Coal

PA0017683

->Freight->Dirty->Latin
Daily
America

Nat Gas

PA0017682

USD/t

Petroleum

PA0017681

Frequency

Power

PA0017680

Category

Editorial

PA0017679

Unit

Summary

PA0017678

Price
Description
Diff basis
type
Freight dirty USGC/
8
Caribbean Singapore 130kt $/t
Freight dirty
20 Caribbean - USGC 130kt $/t

Freight

PA-code

Softs

See the original announcement.

Argus Adds China and Algeria Urea Freight Data Series

Time Price
Description
stamp type

Unit

Category

PA0017537 0

Dry bulk urea China - SE Asia 6kt

USD/t ->Freight->Dry

PA0017538 0

Dry bulk urea China - India 60kt

USD/t ->Freight->Dry

PA0017538 0

Dry bulk urea China - India 60kt

USD/t ->Freight->Dry

PA0017539 0

Dry bulk urea Algeria - Brazil 25-30kt

USD/t ->Freight->Dry

PA0017539 0

Dry bulk urea Algeria - Brazil 25-30kt

USD/t ->Freight->Dry

PA0017540 0

Dry bulk urea Algeria - US Gulf 30kt

USD/t ->Freight->Dry

PA0017540 0

Dry bulk urea Algeria - US Gulf 30kt

USD/t ->Freight->Dry

PA0017541 0

Dry bulk urea Algeria - French Bay 12kt

USD/t ->Freight->Dry

PA0017541 0

Dry bulk urea Algeria - French Bay 12kt

USD/t ->Freight->Dry
88

Market
Analysis

September/October 2015

Data
Partners

USD/t ->Freight->Dry

Other

Dry bulk urea China - SE Asia 6kt

Weather &
Emissions

Finance

PA0017537 0

Freight

PA-code

Metals

On September 24, 2015, Argus introduces the following weekly


Argus Freight prices for urea:

Nat Gas
Coal

150,000 MT CARIBBEAN TO CHINA: the Caribbean to China route for a dirty Suezmax
tanker carrying a cargo of 150,000 mt. The assessment will be published on a lump-sum
basis and reflect loadings from ports such as Covenas, Puerto La Cruz, Bullen Bay and
Jose and discharge at ports such as Ningbo and Dalian.

Freight
Finance

140,000 MT CARIBBEAN TO CARIBBEAN: the cross-Caribbean route for a dirty Suezmax


tanker carrying a cargo of 140,000 mt. The assessment will be published on a
Worldscale basis and reflect loadings from Covenas, Jose and Bullen Bay and discharge
at Chiriqui Grande.

Metals

150,000 MT US GULF COAST TO SINGAPORE: the US Gulf Coast to Singapore route for a
dirty Suezmax tanker carrying a cargo of 150,000 mt. The assessment will be published on
a lump-sum basis and reflect loadings from ports such as Corpus Christi, Houston and Tex
as City and discharge at Singapore.

Softs

130,000 MT US GULF COAST TO SINGAPORE: the US Gulf Coast to Singapore route for
a dirty Suezmax tanker carrying a cargo of 130,000 mt. The assessment will be published
on a lump-sum basis and reflect loadings from ports such as Corpus Christi, Houston and
Texas City and discharge at Singapore.

Data
Partners
Market
Analysis

89

Other

70,000 MT CARIBBEAN TO MEDITERRANEAN: the Caribbean to Mediterranean route


for a dirty Aframax tanker carrying a cargo of 70,000 mt. The assessment will be published
on a Worldscale basis and reflect loadings from Covenas, Puerto La Cruz and Bullen Bay
and discharge at Cartagena, Fos and Trieste.

Weather &
Emissions

70,000 MT CARIBBEAN TO UK CONTINENT: the Caribbean to UK Continent route for a


dirty Aframax tanker carrying a cargo of 70,000 mt. The assessment will be published on a
Worldscale basis and reflect loadings from Covenas, Puerto La Cruz and Bullen Bay and
discharge at Bilbao,Le Havre and Rotterdam.

September/October 2015

Petroleum

130,000 MT CARIBBEAN TO CHINA: the Caribbean to China route for a dirty Suezmax
tanker carrying a cargo of 130,000 mt. The assessment will be published on a lump-sum
basis and reflect loadings from ports such as Covenas, Puerto La Cruz, Bullen Bay and
Jose and discharge at ports such as Ningbo and Dalian.

Power

Effective September/October 1, 2015, Platts launches five Suezmax,


seven Aframax and one Panamax dirty tanker assessment from the Caribbean,
US Gulf Coast and East Coast Mexico. The new assessments reflect strong market interest
in these routes and will be based on modern Suezmax, Aframax and Panamax tonnage. The
date ranges will be seven to 25 days forward from the date of publication. Platts will publish a
dollar per metric ton value for these routes. The following assessments will be published:

Editorial

Platts Launches New Americas Dirty Tanker Assessments

Summary

See the original announcement.

Freight

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To


learn more, book a complimentary ZEMA demonstration.

Petroleum
Nat Gas
Coal

Softs

70,000 MT EAST COAST MEXICO TO US GULF COAST: the East Coast Mexico to US Gulf
Coast route for a dirty Aframax tanker carrying a cargo of 70,000 mt. The assessment will
be published on a Worldscale basis and reflect loadings from Cayo Arcas, Dos Bocas and
Pajaritos and discharge at Corpus Christi, Houston and Beaumont.

Power

70,000 MT EAST COAST MEXICO TO MEDITERRANEAN: the East Coast Mexico to


Mediterranean route for a dirty Aframax tanker carrying a cargo of 70,000 mt. The
assessment will be published on a Worldscale basis and reflect loadings from Cayo Arcas,
Dos Bocas and Pajaritos and discharge at Cartagena, Fos and Trieste.

Editorial

70,000 MT EAST COAST MEXICO TO UK CONTINENT: the East Coast Mexico to UK Continent
route for a dirty Aframax tanker carrying a cargo of 70,000 mt. The assessment will be
published on a Worldscale basis and reflect loadings from Cayo Arcas, Dos Bocas and
Pajaritos and discharge at Bilbao, Le Havre and Rotterdam.

Summary

90,000 MT CARIBBEAN TO MEDITERRANEAN: the Caribbean to Mediterranean route for a


dirty Aframax tanker carrying a cargo of 90,000 mt. The assessment will be published on a
Worldscale basis and reflect loadings from Covenas, Puerto La Cruz and Bullen Bay and
discharge at Cartagena, Fos and Trieste.

Freight

90,000 MT CARIBBEAN TO UK CONTINENT: the Caribbean to UK Continent route for a


dirty Aframax tanker carrying a cargo of 90,000 mt. The assessment will be published on a
Worldscale basis and reflect loadings from Covenas, Puerto La Cruz and Bullen Bay and
discharge at Bilbao, Le Havre and Rotterdam.

Metals

50,000 MT EAST COAST MEXICO TO US GULF COAST: the East Coast Mexico to US Gulf
Coast route for a dirty Panamax tanker carrying a cargo of 50,000 mt. The assessment will
be published on a Worldscale basis and reflect loadings from Cayo Arcas, Dos Bocas and
Pajaritos and discharge at Corpus Christi, Houston and Beaumont.

Freight

These new assessments will be published in Platts Dirty Tankerwire and Platts Tanker Alert
pages PGT 1962 and PGT 1972.
See the original announcement.

Finance

Platts Adds Medium Range Clean Tanker Assessments for Asia

Weather &
Emissions

Effective October 1, 2015, Platts launches two new clean Medium Range
tanker freight rate assessments reflecting flows from the Arab Gulf and
West Coast India to South Africa. The new assessments captures newly established supply
trends of refined products out of these regions to meet South Africas rapidly growing import
requirements and reflects modern MR tonnage.

Other

Both assessments are published on a Worldscale basis to reflect how these routes are most
commonly traded.

90

Market
Analysis

September/October 2015

Data
Partners

WEST COAST INDIA TO SOUTH AFRICA: This assessment reflects the West Coast India
to South Africa route for a clean MR tanker carrying a cargo of 35,000 mt.

Editorial

These new assessments will be published in Platts Clean Tankerwire and Platts Tanker Alert
page PGT 2920.

Summary

Freight

ARAB GULF TO SOUTH AFRICA: This assessment reflects the Arab Gulf to South Africa
route for a clean MR tanker carrying a cargo of 35,000 mt.

See the original announcement.


Power

Platts Adds Asia Clean Tanker Assessments

Petroleum

Effective October 1, 2015, Platts launched two new clean Medium Range
tanker freight rate assessments reflecting flows from the Arab Gulf and
West Coast India to South Africa. The new assessments reflect modern MR tonnage and aim
to capture newly established supply trends of refined products out of these regions to meet
South Africas rapidly growing import requirements.

Nat Gas

Both assessments are published on a Worldscale basis to reflect how these routes are most
commonly traded. Platts also publishes a dollars per metric ton value for these routes.

Coal

WEST COAST INDIA TO SOUTH AFRICA: the West Coast India to South Africa route for a
clean MR tanker carrying a cargo of 35,000 mt. The assessment reflects loadings from
Sikka and Vadinar and discharge into Durban followed by Mossel Bay as the discharge
basis port. Fixtures to Cape Town are considered in the assessment and normalized to a
two-port discharge of Durban followed by Mossel Bay.

Softs
Metals

ARAB GULF TO SOUTH AFRICA: the Arab Gulf to South Africa route for a clean MR tanker
carrying a cargo of 35,000 mt. The assessment reflects loadings from Jubail and
Mina Al Ahmadi and discharge into Durban followed by Mossel Bay as the discharge
basis port. Fixtures to Cape Town are considered in the assessment and normalized to a
two-port discharge of Durban followed by Mossel Bay.

Finance

To receive up-to-date freight data, utilize ZEMA, ZEs enterprise data management solution. ZEMA collects many Platts
reports. To learn more, visit http://www.ze.com/the-zema-solutions/data/.
See the original announcement.

Weather &
Emissions

Platts Launches Baltic-UK Continent


Medium Range Clean Tanker Assessment

Other

Platts on October 1, 2015 launching a new clean Medium Range tanker freight rate
assessment reflecting flows from the Baltic to UK Continent. The new daily assessment
captures newly established supply trends of refined products out of the region following a
significant increase in Russian exports of ultra-low-sulfur diesel from the Baltic region. The
new assessment reflects modern MR tonnage.
The assessment is published on a Worldscale basis to reflect how this route is most
commonly traded. Platts also publishes a dollars per metric ton value for this route.

Data
Partners

91

Market
Analysis

September/October 2015

Freight

These new assessments are published in Platts Clean Tankerwire and Platts Tanker Alert page
PGT 2920.

Power

See the original announcement.

Editorial

This new assessment is published in Platts Clean Tankerwire and Platts Tanker Alert
page PGT 1910.

Summary

Freight

BALTIC TO UK CONTINENT: the Baltic to UK Continent route for a clean MR tanker carrying
a cargo of 40,000 mt. The assessment reflects loadings from Primorsk and discharge at
ports including Amsterdam, Hamburg and Dunkirk.

Coal

The Canary Islands MGO assessment would reflect material with a maximum sulfur
content of 0.1%. These assessments would typically be assessed at parity to Platts
existing Las Palmas/Tenerife assessments.

Nat Gas

Platts proposes to launch assessments for 380 CST and 180 CST bunker fuel
and Marine Gasoil (MGO) in Offshore Nigeria and the Canary Islands with effect from
January 4, 2016. The new assessments would reflect material with a maximum sulfur content
of 3.5% for delivery 1-8 days forward.

Petroleum

Platts to Add Nigeria, Canary Islands CST


Bunker Fuel Assessments

The Offshore Nigeria MGO assessment would reflect material with a maximum sulfur
content of 1.5%.
Softs

ZEMA is equipped with advanced data collection capabilities, and has the capacity to collect all data reports produced
by Platts. To learn more, visit http://www.ze.com/the-zema-solutions/.

Freight

See the original announcement.

Argus Discontinues Egypt Urea Freight Data Series

Unit

Category

Dry urea Egypt - US Gulf 20-30kt

USD/t

->Freight->Dry

PA0009785 0

Dry urea Egypt - US Gulf 20-30kt

USD/t

->Freight->Dry

Data
Partners

ZEMA collects more than 100 data reports on softs. To learn more about ZEMAs extensive data coverage,
visit www.ze.com/the-zema-solutions/data-coverage.
See the original announcement.

92

Market
Analysis

September/October 2015

Other

PA0009785 0

Weather &
Emissions

Time Price
Description
stamp type

Finance

On September 24, 2015 Argus stops publishing the following weekly


Argus Freight prices for urea:
PA-code

Metals

Specification and assessment parameters would be detailed in Platts Europe and Africa
Refined Oil Products Methodology and Specifications Guide. Platts expects to publish these
new assessments in Bunkerwire and Marine Alert.

Summary

Editorial

Freight

Power
Petroleum

Argus Changes Description for Some Urea Freight Data Series

PA-code

Old Description

Nat Gas

On September 24, 2015 Argus changes description of some of


Argus Freight prices for urea:
New Description

Dry bulk urea Arab Gulf - Thailand 25-30kt

PA0009784 Dry urea Black Sea - Brazil 30-35kt

Dry bulk urea Black Sea - Brazil 30-35kt

PA0009785 Dry urea Egypt - US Gulf 20-30kt

Dry bulk urea Egypt - US Gulf 20-30kt

PA0009786 Dry urea Egypt - French Bay 6kt

Dry bulk urea Egypt - French Bay 6kt

Metals

PA0009782 Dry urea Arab Gulf - Thailand 25-30kt

Softs

Dry bulk urea Arab Gulf - US Gulf 40-50kt

Coal

PA0009781 Dry urea Arab Gulf - US Gulf 40-50kt

PA0012998 Dry bulk urea Mideast Gulf - Brazil 30-35kt Dry urea Mideast Gulf - Brazil 30-35kt
Freight

ZEMA is used by the front-, mid-, and back-office professionals in softs market. To learn how ZEMA can be tailored to
your specific needs and give you access to the right information, book a complimentary ZEMA demo at
www.ze.com/book-a-demo.

Finance

See the original announcement.

Weather &
Emissions

Argus Renames LNG Freight for Suez


Effective September 04, 2015 Argus renames two daily series of LNG freight:
Time Price
Old Description
stamp type

New Description

Other

PA-code

20

LNG freight west of Suez

LNG freight west of Suez (steam turbine)

PA0009979 0

20

LNG freight east of Suez

LNG freight east of Suez (steam turbine)

Data
Partners

PA0009978 0

See the original announcement.


93

Market
Analysis

September/October 2015

Summary

Editorial

Finance

Power
Petroleum
Nat Gas

ICE Futures Singapore Launches Mini Offshore


and Onshore Renminbi Futures

Coal

Effective September/October 17, 2015, ICE Futures Singapore and ICE Clear Singapore
launch new cash-settled contracts for Mini Onshore and Offshore Renminbi:

Softs

Mini Onshore Renminbi Futures


Contract Symbol: CNM
Contract Size: 100,000 Yuan
Units of Trading: Any multiple of 100,000 Yuan
Currency: USD

Metals
Freight

Mini Offshore Renminbi Futures


Contract Symbol: CHM
Contract Size: 100,000 USD
Units of Trading: Any multiple of 100,000 USD
Currency: Renminbi (CNH)

Finance

ZEMA collects over 300 financial data reports. To learn more about how to transform this collected data into
useful market intelligence, visit www.ze.com/the-zema-suite/market-analyzer

Expanded Set of Cleared ICE Eris Interest Rate Futures

94

Market
Analysis

September/October 2015

Data
Partners

As part of the expanded set of Eris Contracts, in addition the Exchange will admit to trading an
ICE Futures Europe Eris 30 year Standard Interest Rate Futures Contract in both EUR and GBP.

Other

ICE Futures Europe (ICE) announced introduction of Europe Eris


EUR Interest Rate Futures. Subject to the completion of relevant
regulatory processes, the first date of availability is expected to be
September/October 16, 2015. These contracts will allow market participants to select tenor,
fixed coupon, roll calendar and floating leg from a predefined set.

Weather &
Emissions

See the original announcement.

Editorial

ZEMA collects over 130 ICE data reports. To learn more about how ZEMA can collect, aggregate, and analyze data, book
a complimentary ZEMA demonstration now at http://www.ze.com/book-a-demo/.

Summary

See specifications for ICE Futures Europe Eris GBP Interest Rate Future contract here.

Finance

See specifications for ICE Futures Europe Eris EUR Interest Rate Future contract here.

See the original announcement.


Power

CME Adds New Russel 100 Index Futures


Effective September 21, 2015, CME starts clearing new futures:

Petroleum

E-mini Russell 1000 Index Futures

RS1

Nearest 5 Months in March Quarterly cycle

BTIC on E-mini Russell 1000 Index Futures

R1T

Nearest 5 Months in March Quarterly cycle

E-mini Russell 1000 Growth Index Futures

RSG

Nearest 5 Months in March Quarterly cycle

BTIC on E-mini Russell 1000 Growth Index Futures RGT

Nearest 5 Months in March Quarterly cycle

E-mini Russell 1000 Value Index Futures

RSV

Nearest 5 Months in March Quarterly cycle

BTIC on E-mini Russell 1000 Value Index Futures

RVT

Nearest 5 Months in March Quarterly cycle

Freight

See the original announcement.

Finance

CBOT Commences Trading 7- and 20-Year


Interest Rate Swap Futures
CME Clearing announced new USD Interest Rate Swap futures to
be launched on CBOT on September 28, 2015.
Code

Instrument
Size
Type

S1U

Futures

$100,000 per contract March Quarterly cycle

E1U

Futures

$100,000 per contract March Quarterly cycle

Series Listing Convention

Other

Data
Partners

ZEMA, ZEs best-in-class data management solution, collects more than 300 financial data reports.
ZEMA can collect, display, and analyze data for market participants in any sector. For further information,
visit www.ze.com/the-zema-solutions.

95

Market
Analysis

See the original announcement.


September/October 2015

Weather &
Emissions

7-Year USD Interest Rate


Swap Futures
20-Year USD Interest Rate
Swap Futures

Metals

ZEMAs sophisticated market data management tools collect hundreds of financial data reports, including reports from
CME. To learn how you can begin building your own library of financial data, book a complimentary ZEMA demonstration
at www.ze.com/book-a-demo.

Softs

Series Listing Convention

Coal

Code

Nat Gas

Description

FT1

FZ

BTIC on E-mini FTSE 100 Index Futures

FTT

FU

E-mini USD Denominated FTSE 100 Index Futures

FTU

FZ

BTIC on E-mini USD Denominated FTSE 100 Index Futures

FTB

FU

E-mini FTSE China 50 Index Futures

FT5

C5

BTIC on E-mini FTSE China 50 Index Futures

FTC

C1

Nat Gas

E-mini FTSE 100 Index Futures

Petroleum

iLink: tag 55-Symbol


MDP 3.0 tag 1151 Security Group

Power

Product

iLink: tag
1151-Security
Group
MDP 3.0: tag
6937-Asset

Editorial

Effective October 11, 2015, (trade date October 12), three


E-mini FTSE Index futures are listed on CME Globex, both for outright trades and via Basis
Trade at Index Close (BTIC) transactions, and for submission of block trades for clearing via
CME ClearPort:

Summary

Finance

CME Adds E-mini FTSE Index Futures

Coal

Softs

These contacts shall be listed with, and subject to, the rules and regulations of CME.

Metals

ZEMA collects over 300 financial market reports. To learn more about ZEMAs vast data coverage,
visit http://www.ze.com/the-zema-solutions/data-coverage/.
See the original announcement.

Freight

Euronext Launches Weekly Options on French


and Belgian Single Stocks

Finance

On August 28, 2015, Euronext announced the launch of new short term
weekly options on single stocks on the Euronext Paris and Brussels derivatives markets:
1. Belgian shares: AB InBev, KBC Groep and UCB

Weather &
Emissions

2. French shares: AXA, BNP Paribas, ENGIE, Orange, Peugeot, Societe Generale and Total

Other

Data
Partners

96

Market
Analysis

September/October 2015

Power
Petroleum
Nat Gas

Xetra Launches UBS Equity Index ETF


on Japanese Socially Responsible Companies

Editorial

See the original announcement.

Summary

ZEMA is used by the front-, mid-, and back-office professionals in financial market. To learn how ZEMA can be tailored to
your specific needs and give you access to the right information, book a complimentary ZEMA demo at
www.ze.com/book-a-demo.

Finance

This introduction is built up on the success of weekly options on Dutch stocks launched
in July 2010. This trend is in line with the overall interest for weekly options on the US and
European markets. Currently, Euronext offers weekly options on 14 individual shares listed in
Amsterdam. The key attraction of weekly options is that they cost less to trade than
longer-dated alternatives. Generally the premium payable on short-lived weekly options is
lower because its time value element is smaller. Weekly options can benefit from the volatility
of an individual share with short-term trading strategies.

Coal

Effective August 27, 2015, Xetra and Brse Frankfurt have been trading
a new equity index ETF issued by UBS ETF Sicav. The UBS ETF MSCI Japan Socially
Responsible UCITS ETF enables investors to participate in the performance of Japanese
companies from the MSCI Japan Socially Responsible Index. The index includes only those
companies that exhibit particularly high ETS ratings in the environmental, social and
governance categories.
ETF name: UBS ETF MSCI Japan Socially Responsible UCITS ETF

Softs
Metals

Asset class: equity index ETF


ISIN: LU1230561679
Total expense ratio: 0.4 percent

Freight

Distribution policy: distributing


Benchmark: MSCI Japan Socially Responsible Index

Finance

ZEMA collects financial derivatives products information from global exchanges. To learn more about how ZEMA can
leverage Deutsche Brse market data, visit www.ze.com/the-zema-suite.
See the original announcement.

Data
Partners

The product will follow the standard South African swap market conventions while using the
Eris MethodologyTM, allowing the contracts to replicate the cash flows of over the counter
(OTC) swaps. The new product will be cleared through JSE Clear.
97

Market
Analysis

See the original announcement.


September/October 2015

Other

On August 31, 2015, the Johannesburg Stock Exchange (JSE) launched


JSE Eris Interest Rate Swap (IRS) Futures. The new JSE Eris Interest Rate Swap (IRS) Futures
will be based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated in South
African Rand (ZAR).

Weather &
Emissions

JSE launches JSE Eris Interest Rate Swap Futures

Summary

Editorial

Finance

The ZEMA graph below shows a historical data of Effective Federal Funds Rate (Monthly) for
the last 5 years. Effective Federal Funds Rate is at 0.15%, compared to 0.13% last month and
0.09% last year. The effective rate is the weighted average of the rates reported during the
days trading. To learn more about data available through ZEMA, book a complimentary ZEMA
demo at www.ze.com/book-a-demo.

Power
Petroleum

Graph created with ZEMA

Nat Gas
Coal

Softs
Metals

Data Source: Bank of Canada US Interest Rate Monthly

Freight

JSE Launches FTSE/JSE Responsible


Investment Index Series

Data
Partners

- Is a market-cap weighted index calculated on an end-of-day basis

98

Market
Analysis

September/October 2015

Other

The FTSE/JSE Responsible Investment Index

Weather &
Emissions

The companies eligible for the FTSE/JSE Responsible Investment Indexes are those that are
constituents of the FTSE/JSE Shareholder Weighted All Share Index and are also listed in the
FTSE All World Index. Inclusion in the FTSE/JSE Responsible Investment Indices is
determined in accordance with the FTSE/JSE Responsible Investment Index Series Ground
Rules. The new FTSE/JSE Responsible Investment Index Series comprises the following:

Finance

On October 12, 2015, the Johannesburg Stock Exchange (JSE) launched its new index series,
the FTSE/JSE Responsible Investment Index Series, in partnership with FTSE Russell. The new
index series replaces the JSEs SRI Index and reflects the JSEs commitment to advancing
corporate sustainability practices.

61 listed entities have qualified for the first iteration of the Index

- Is an equally weighted index calculated on a real-time basis

ZEMA collects financial data including treasury bill auction results, equity indexes, interest rate and currency exchange
derivatives. To learn more about how ZEMAs powerful data collection engine can be configured to your specific business
needs, book a free demo at www.ze.com/book-a-demo.

Petroleum

The index will be reviewed twice a year in June and December, using the ESG Rating as at the
last trading day in May and September/October respectively. Research for the ESG Ratings
occurs annually.

Power

- Comprises the Top 30 companies ranked by FTSE ESG Rating

Editorial

The FTSE/JSE Responsible Investment Top 30 Index

Summary

Finance

- Comprises all eligible companies that achieve a FTSE ESG rating of 2.0 or above

Nat Gas

See the original announcement.

Argus Introduces New GBP Exchange Rate Series


Coal

On September 17, 2015, Argus introduces new daily currency exchange assessments
Description

Continuous
Category
forward

PA0017521

Argus - Interactive Data Corp exchange rate


GBP/USD day-ahead

->Currency->GBP/USD

PA0017522

Argus - Interactive Data Corp exchange rate


GBP/USD weekend

->Currency->GBP/USD

PA0017523

Argus - Interactive Data Corp exchange rate


GBP/USD month

->Currency->GBP/USD

PA0017523

Argus - Interactive Data Corp exchange rate


GBP/USD month

->Currency->GBP/USD

PA0017523

Argus - Interactive Data Corp exchange rate


GBP/USD month

->Currency->GBP/USD

PA0017523

Argus - Interactive Data Corp exchange rate


GBP/USD month

->Currency->GBP/USD

PA0017523

Argus - Interactive Data Corp exchange rate


GBP/USD month

->Currency->GBP/USD

Weather &
Emissions

PA0017523

Argus - Interactive Data Corp exchange rate


GBP/USD month

->Currency->GBP/USD

Other

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

->Currency->GBP/USD

Freight
Finance
Data
Partners
Market
Analysis

99

Metals

September/October 2015

Softs

PA-code

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

10

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

11

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

12

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

13

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

14

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

15

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

16

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

17

->Currency->GBP/USD

PA0017524

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

18

->Currency->GBP/USD

100

Market
Analysis

September/October 2015

Data
Partners

Other

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

Weather &
Emissions

PA0017524

Finance

->Currency->GBP/USD

Freight

Metals

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

Softs

PA0017524

Coal

->Currency->GBP/USD

Nat Gas

Petroleum

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

Power

PA0017524

Editorial

Continuous
Category
forward

Summary

Description

Finance

PA-code

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

10

->Currency->GBP/USD

PA0017525

Argus - Interactive Data Corp exchange rate


GBP/USD season

11

->Currency->GBP/USD

PA0017526

Argus - Interactive Data Corp exchange rate


GBP/USD year

->Currency->GBP/USD

PA0017526

Argus - Interactive Data Corp exchange rate


GBP/USD year

->Currency->GBP/USD

PA0017526

Argus - Interactive Data Corp exchange rate


GBP/USD year

->Currency->GBP/USD

101

Market
Analysis

September/October 2015

Data
Partners

21

Other

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

Weather &
Emissions

PA0017524

Finance

->Currency->GBP/USD

Freight

20

Metals

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

Softs

PA0017524

Coal

->Currency->GBP/USD

Nat Gas

19

Petroleum

Argus - Interactive Data Corp exchange rate


GBP/USD quarter

Power

PA0017524

Editorial

Continuous
Category
forward

Summary

Description

Finance

PA-code

->Currency->EUR/GBP

PA0017529

Argus - Interactive Data Corp exchange rate


EUR/GBP weekend

->Currency->EUR/GBP

PA0017530

Argus - Interactive Data Corp exchange rate


EUR/GBP month

->Currency->EUR/GBP

PA0017530

Argus - Interactive Data Corp exchange rate


EUR/GBP month

->Currency->EUR/GBP

PA0017530

Argus - Interactive Data Corp exchange rate


EUR/GBP month

->Currency->EUR/GBP

PA0017530

Argus - Interactive Data Corp exchange rate


EUR/GBP month

->Currency->EUR/GBP

PA0017530

Argus - Interactive Data Corp exchange rate


EUR/GBP month

->Currency->EUR/GBP

PA0017530

Argus - Interactive Data Corp exchange rate


EUR/GBP month

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

->Currency->EUR/GBP

102

Market
Analysis

September/October 2015

Data
Partners

Other

Argus - Interactive Data Corp exchange rate


EUR/GBP day-ahead

Weather &
Emissions

PA0017528

Finance

->Currency->GBP/USD

Freight

Metals

Argus - Interactive Data Corp exchange rate


GBP/USD gas-year

Softs

PA0017527

Coal

->Currency->GBP/USD

Nat Gas

Petroleum

Argus - Interactive Data Corp exchange rate


GBP/USD gas-year

Power

PA0017527

Editorial

Continuous
Category
forward

Summary

Description

Finance

PA-code

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

11

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

12

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

13

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

14

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

15

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

16

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

17

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

18

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

19

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

20

->Currency->EUR/GBP

PA0017531

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

21

->Currency->EUR/GBP

PA0017532

Argus - Interactive Data Corp exchange rate


EUR/GBP season

->Currency->EUR/GBP

PA0017532

Argus - Interactive Data Corp exchange rate


EUR/GBP season

->Currency->EUR/GBP

PA0017532

Argus - Interactive Data Corp exchange rate


EUR/GBP season

->Currency->EUR/GBP

103

Market
Analysis

September/October 2015

Data
Partners

10

Other

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

Weather &
Emissions

PA0017531

Finance

->Currency->EUR/GBP

Freight

Metals

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

Softs

PA0017531

Coal

->Currency->EUR/GBP

Nat Gas

Petroleum

Argus - Interactive Data Corp exchange rate


EUR/GBP quarter

Power

PA0017531

Editorial

Continuous
Category
forward

Summary

Description

Finance

PA-code

Argus - Interactive Data Corp exchange rate


EUR/GBP season

->Currency->EUR/GBP

PA0017532

Argus - Interactive Data Corp exchange rate


EUR/GBP season

->Currency->EUR/GBP

PA0017532

Argus - Interactive Data Corp exchange rate


EUR/GBP season

->Currency->EUR/GBP

PA0017532

Argus - Interactive Data Corp exchange rate


EUR/GBP season

->Currency->EUR/GBP

PA0017532

Argus - Interactive Data Corp exchange rate


EUR/GBP season

10

->Currency->EUR/GBP

PA0017532

Argus - Interactive Data Corp exchange rate


EUR/GBP season

11

->Currency->EUR/GBP

PA0017533

Argus - Interactive Data Corp exchange rate


EUR/GBP year

->Currency->EUR/GBP

PA0017533

Argus - Interactive Data Corp exchange rate


EUR/GBP year

->Currency->EUR/GBP

PA0017533

Argus - Interactive Data Corp exchange rate


EUR/GBP year

->Currency->EUR/GBP

PA0017534

Argus - Interactive Data Corp exchange rate


EUR/GBP gas-year

->Currency->EUR/GBP

PA0017534

Argus - Interactive Data Corp exchange rate


EUR/GBP gas-year

->Currency->EUR/GBP

PA0017535

Argus - Interactive Data Corp exchange rate


GBP/USD week-ahead

->Currency->GBP/USD

PA0017536

Argus - Interactive Data Corp exchange rate


EUR/GBP week-ahead

->Currency->EUR/GBP

Weather &
Emissions

PA0017532

Finance

->Currency->EUR/GBP

Freight

Metals

Argus - Interactive Data Corp exchange rate


EUR/GBP season

Softs

PA0017532

Coal

->Currency->EUR/GBP

Nat Gas

Petroleum

Argus - Interactive Data Corp exchange rate


EUR/GBP season

Power

PA0017532

Editorial

Continuous
Category
forward

Summary

Description

Finance

PA-code

Other

See the original announcement.

Data
Partners

104

Market
Analysis

September/October 2015

Editorial
Power
Petroleum

Name: Amundi ETF JPX-Nikkei 400 UCITS ETF - Daily Hedged EUR

Summary

On September 25, 2015, exchange-listed equity index funds issued


by Amundi were introduced on Deutsche Brses XTF segment and traded
via Xetra and Brse Frankfurt. The Amundi ETF JPX-Nikkei 400 UCITS ETF - Daily Hedged EUR
enables investors to participate in the performance of the JPX-Nikkei Index 400. The reference
index comprises 400 Japanese stock corporations. The stocks are weighted by free-float market capitalization.

Finance

Low Carbon Exposure Amundi ETFs Launched on Xetra

Asset class: equity ETF


ISIN: FR0012688299

Nat Gas

Total expense ratio: 0.18 percent


Distribution policy: accumulating
The Amundi ETF JPX-Nikkei 400 UCITS ETF - Daily Hedged EUR follows performance of the
JPX-Nikkei Index 400, which comprises 400 Japanese stock corporations.

Softs

Name: Amundi ETF MSCI World Low Carbon UCITS ETF - EUR

Coal

Benchmark: JPX-Nikkei 400 Daily EUR Hedged

Asset class: equity ETF


Metals

ISIN: FR0012657963
Total expense ratio: 0.25 percent
Distribution policy: accumulating

Freight

Benchmark: MSCI World Low Carbon Leaders

Weather &
Emissions

ZEMA is used by the front-, mid-, and back-office professionals in the petroleum market. To learn how ZEMA
can be tailored to your specific needs and give you access to the right information, book a complimentary
ZEMA demo at www.ze.com/book-a-demo.

Finance

The Amundi ETF MSCI World Low Carbon UCITS ETF - EUR enables investors to participate in
the performance of the MSCI World Low Carbon Leaders Index. The reference index comprises
large and mid-cap stock corporations with low carbon emissions from 23 developed
markets worldwide.

See the original announcement.


Other

Xetra Initiates iShares Smart Beta ETFs for


MSCI Multi-Factor Index Family

105

Market
Analysis

September/October 2015

Data
Partners

Effective September 9, 2015, three new iShares ETFs from BlackRocks have been traded via
Xetra and Brse Frankfurt. The new iShares factor ETFs reflect the performance of
companies from various regions characterized by the four risk factors value, quality,

Editorial
Power

Name: iShares FactorSelect MSCI USA UCITS ETF

Summary

Finance

momentum and low-size. The regions covered are the US, Europe and developed countries
around the world. The reference indices comprise companies that are considered
undervalued in terms of fundamental data, and have high return on equity, low debt capital
ratios and stable earnings. These companies also report high price performance at low
volatility and are among the smallest in terms of market capitalization.
Asset class: equity index ETF

Petroleum

ISIN: IE00BZ0PKS76
Total expense ratio: 0.35 percent
Distribution policy: accumulating

Nat Gas

Benchmark: MSCI USA Diversified Multi-Factor Index


Name: iShares FactorSelect MSCI World UCITS ETF
Asset class: equity index ETF

Coal

ISIN: IE00BZ0PKT83
Total expense ratio: 0.5 percent

Softs

Distribution policy: accumulating


Benchmark: MSCI World Diversified Multi-Factor Index

Metals

Name: iShares FactorSelect MSCI Europe UCITS ETF


Asset class: equity index ETF
ISIN: IE00BZ0PKV06

Freight

Total expense ratio: 0.45 percent


Distribution policy: accumulating

Finance

Benchmark: MSCI Europe Diversified Multi-Factor Index


ZEMA excels at displaying time-series data in charts, graphs, forward curves, and more. ZEMA also collects financial
derivatives data from a wide range of sources. For more information, visit www.ze.com/the-zema-suite.

Weather &
Emissions

See the original announcement.

Tradebook Japan is operating the new trading platform for its ETP, under the Japan Financial
Instruments and Exchange Act (FIEA). Mandatory use of electronic trading platforms covers
106

Market
Analysis

September/October 2015

Data
Partners

On September 1, 2015, Bloomberg Tradebook Japan Limited launched its


Electronic Trading Platform (ETP) in Japan, in support of the mandate for banks and securities
firms to use electronic platforms for specified over-the-counter (OTC) derivative transactions.

Other

Bloomberg Launches Electronic Trading Platform


for OTC Derivatives in Japan

Editorial
Power

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more,
book a complimentary ZEMA demonstration.

Petroleum

See the original announcement.

Moscow Exchange to Launch Mini MICEX Index Futures

Nat Gas

On August 17, 2015, Moscow Exchange launches mini MICEX Index futures
with a smaller contract size and low initial margin requirements. The contract will
trade under the ticker MXI.

Freight
Finance

The bigger sized MICEX Index futures currently available on the Exchange (ticker: MIX)
will continue to trade until June 2016. The contract will be removed after the date.

Metals

ALOR+, IT Invest, BCS and Best Efforts Bank will act as market makers for the futures. They will
provide liquidity in the main and additional sessions for 400 and 200 contracts, respectively.
Market makers for the options contract will operate from 15 September 2015.

Softs

The new contract is designed to meet the needs of a wide range of private investors
implementing rouble strategies on the equity market who seek to avoid foreign exchange risk.
The small tick size will also be valuable to algorithmic traders, which became significantly less
active following the doubling of the tick size for RTS Index futures.

Coal

The contracts price equals the MICEX Index value. The tick size is 0.05 Index points; the tick
value is RUB 50 kopecks. The Exchange will charge 30 kopecks per contract. The Exchange
will offer futures with settlement in December 2015 and March 2016, as well as options on
the futures expiring in October, September/October and December 2015 and January,
February and March 2016.

See the original announcement.

Weather &
Emissions

Euronext Launches the Euronext BeNe 40 Equal Weight Index

Market
Analysis

107

Data
Partners

The index is composed of the 40 most traded companies included in the BEL 20 and the AEX
and will be rebalanced to equal weight at each quarterly review. The Euronext BeNe 40 Equal
Weight index will be calculated as a price index, net return index, gross return index and an
excess return index. The index is calculated and published every 15 seconds.

Other

On September 28, 2015, Euronext launched the Euronext BeNe 40 Equal


Weight index, an index reflecting performance of the most traded companies
of the Belgian and Dutch markets

September/October 2015

Summary

Trades executed on the Bloomberg ETP will be sent to the Japan Securities Clearing
Corporation for clearing. The Bloomberg ETP will facilitate the trading workflow of both
buy-side and sell-side firms.

Finance

certain Japanese yen denominated interest rate swap transactions and affects
certain financial institutions with notional amounts of JPY 6 trillion or more for specified OTC
derivative transactions.

Editorial

ZEMA collects over 300 financial market reports. To learn more about ZEMAs vast data coverage,
visit http://www.ze.com/the-zema-solutions/data-coverage/.

Summary

Finance

The index is designed to act as an underlying for exchange traded funds (ETFs) and
other investable products, such as structured products.

See the original announcement.


Power

Euronext Extends the Spotlight Options to France

Nat Gas

The extension of the segment to Euronext Paris adds to the spotlight options for Amsterdam
and Brussels. Spotlight Options have short-term maturities of one, two or three months and
create additional investment and trading opportunities in SMEs and newly listed stocks.

Petroleum

On October 12, 2015, Euronext introduced the first Spotlight Options on


the Paris market. The dedicated segment for spotlight options benefits from a unique market
model is designed to give more visibility to medium and smaller sized companies and newly
listed stocks.

See the original announcement.


Coal

CBOE Launches New Options on Three FTSE Russell Indexes

Softs

On September 29, 2015, CBOE announced the launch of options


on the following indexes:
- Russell 1000 Index (RUI)

Metals

- Russell 1000 Value Index (RLV)


- Russell 1000 Growth Index (RLG)

Other

- Russell 1000 Index (RUI) measures the performance of a broad U.S. large-cap equity
segment and represents approximately 92 percent of U.S. equity market capitalization;

Market
Analysis

108

Data
Partners

- the Russell 1000 Value Index (RLV) measures large-cap equities with lower price-to-book
ratios and expected growth values; and

September/October 2015

Weather &
Emissions

The three new Russell Index options will enable investors to target additional segments of the
U.S. equity market:

Finance

The new options are part of a licensing agreement between CBOE and London Stock Exchange
Group (LSEG) (see February 26 press release), which made CBOE the exclusive U.S. provider
of options on more than two dozen LSEG-owned FTSE Russell indexes, and also provided for
the two companies to collaborate on the development of additional index options products.
Under the licensing agreement, CBOE on April 1 became the exclusive U.S. home for options
on the Russell 2000 Index (ticker symbol: RUT), the measure of the U.S. small-cap market.

Freight

Options on the three FTSE Russell indexes are expected to begin trading at
CBOE on October 20.

Editorial

ZEMA collects over 300 financial market reports. ZEMA can collect data from any provider worldwide, including
CBOE. To learn how ZEMA can help you transform market data into relevant market information, visit
http://www.ze.com/the-zema-solutions/.

Summary

Finance

- the Russell 1000 Growth Index (RLG) measures large-cap stocks with higher price-tobook ratios and anticipated growth values.

See the original announcement.


Power

Eurex Expands Equity Index Derivatives

Petroleum

Eurex Exchange launches a new equity index contract on October 28, 2015.
The Mini DAX Futures will be offered in addition to the existing DAX Futures (FDAX).
Its key distinguishing feature is the significantly lower contract value, at only a fifth of the
DAX Futures.

Softs

See the original announcement.

Coal

ZEMA, ZEs data management solution, collects over 100 finance data reports for European markets only. For further
information, visit http://www.ze.com/the-zema-solutions/.

Nat Gas

At the launch of the new product, Eurex Exchange will offer a designated market-making
program in order to provide a liquid order book from the outset. The Mini DAX Futures have a
contract value of 5 per index point; and the minimum tick size is one index point. It will be
settled in cash like all Eurex Exchange index derivatives.

SGX Launches Index Services in Asia


Metals

On October 05, 2015, Singapore Exchange (SGX) announced the launch


of SGX Index Edge, its index business that will create and offer comprehensive
index services tailored for Asia.

Finance

Since October 2014, SGX has successfully conducted a beta launch on a series of
futures-based indices SGX Access Asia indices tailored for product issuers of
Exchange-Traded Notes (ETNs), OTC (Over-the-Counter) products and retail structured
products. The Access Asia suite of 60 indices are distributed through SGXs wide network of
brokers, major data vendors, Independent Software Vendors, other exchanges and trading
firms. Plans are also underway to offer bespoke Asia-based index solutions for product
issuers across the region, including thematic and strategy-based equity indices for the
Singapore market.

Freight

Targeted at Asian product issuers and investors looking for customized index solutions, SGX
Index Edge addresses the increasing demand for index-linked investment opportunities
across the region.

Weather &
Emissions
Other

See the original announcement.

Data
Partners

109

Market
Analysis

September/October 2015

Power
Petroleum
Nat Gas

See the original announcement.

Effective October 11, 2015, (trade date October 12), additional expiration months are listed
for Serial options and Serial Mid-Curve options on CME Three-Month Eurodollar:
iLink: tag 55-Symbol
MDP 3.0 tag 1151 Security Group

Current Listing
Schedule

Eurodollar Serial
options

GE

ZE

Two nearest serial Four nearest serial


month options
month options

Eurodollar 1-Year
Midcurve options

GE0

E0

Two nearest serial Four nearest serial


month options
month options

Eurodollar 2-Year
Midcurve options

GE2

E2

Two nearest serial Four nearest serial


month options
month options

Eurodollar 3-Year
Midcurve options

GE3

E3

Two nearest serial Four nearest serial


month options
month options

Eurodollar 4-Year
Midcurve options

GE4

E4

Two nearest serial Four nearest serial


month options
month options

Eurodollar 5-Year
Midcurve options

GE5

E5

Two nearest serial Four nearest serial


month options
month options

Softs

Product

iLink: tag
1151-Security
Group MDP 3.0:
tag 6937-Asset

Coal

CME Adds Expiration Months in Serial Options


and Serial Mid-Curve Options on Eurodollar Futures

New Listing
Schedule

Metals
Freight
Finance
Weather &
Emissions
Other

These contracts are listed with, and subject to, the rules and regulations of CME.

Data
Partners

See the original announcement.

110

Market
Analysis

September/October 2015

Editorial

Calculated in real time from 8:00 to 16:30 London time, the ICAP Euro IRS Index is available
with 1-30 year maturities on Bloomberg. Products tracking the ICAP Euro IRS Index could
be valuable management tools to hedge against interest rate fluctuations and could also be
used for duration management and the construction of smart beta and structured
product strategies.

Summary

On October 7, 2015, ICAP launched the ICAP Euro Interest Rate Swap (IRS)
Index. The ICAP Euro IRS Index is intended to track the return of a strategy which invests in
Euro interest rate swaps. The index incorporates proprietary ICAP order and trade driven
prices, which are published on ISDA reference pages. The ICAP Euro IRS Index is the first in a
series of new indices which we will roll out in the near future.

Finance

ICAP Launches the ICAP Euro Interest Rate Swap Index

Summary

Editorial

Finance

Power
Petroleum
Nat Gas

Bloomberg and the Ghana Fixed Income Market (GFIM)


Launch Trading of Ghanaian Government Bonds

Metals
Freight
Finance

See the original announcement.

Softs

The Bloomberg E-Bond system provides electronic trading and market surveillance tools for
participants in Ghanas USD 7.7 billion (GHS 28.9 billion) fixed income market. The system
will be the primary execution platform for all fixed income trading under newly-established
securities exchange, the GFIM.

Coal

On September 22, 2015, Bloomberg and the Ghana Fixed Income Market (GFIM)
announced the launch of the Bloomberg E-Bond trading and market surveillance system, a
new electronic trading system for Ghanaian government bonds which Bloomberg operates in
Ghana. GFIM, an organization operating under the Ghana Stock Exchange, acts as the
sponsor of the Bloomberg E-Bond system. GFIMs governing committee is comprised of
representatives of the Bank of Ghana, the Ghana Stock Exchange, the Central Securities
Depository Ltd, the Association of Banks in Ghana, ACI Ghana and Licensed Dealing
Members of the Ghana Stock Exchange.

Weather &
Emissions
Other

Data
Partners

111

Market
Analysis

September/October 2015

Summary

Editorial
Power
Petroleum

Weather and Emissions

Nat Gas

Argus Starts REC Assessments for PJM

Coal

Effective September 01, 2015, Argus launches the new Daily REC Assessments
for the PJM region reported in USD/MWh.
Price type

Description

Category

PA0017296

21

REC PJM tri-qualified Class 1 year

->Emissions->REC

PA0017296

21

REC PJM tri-qualified Class 1 year

->Emissions->REC

PA0017296

21

REC PJM tri-qualified Class 1 year

->Emissions->REC

Freight

ZEMA aggregates more than 40 data reports on emissions from around the world. To learn more about ZEMAs vast data
library, visit www.ze.com/the-zema-solutions/data-coverage.

Metals

Time stamp

Softs

PA-code

See the original announcement.


Finance

CME Europe Launches Emissions Monthly and Daily Futures

Weather &
Emissions

CME targets to launch EU Emission Allowance Futures on


September/October 1, 2015 (trade date September/October 2), pending regulatory
approval. Upon approval, these products will be available for trading on CME Globex and
clearing submission via CME ClearPort:

European Union Allowance Future

EMA

CE

European Union Allowance Daily Future EDA

CE

112

Market
Analysis

September/October 2015

Data
Partners

iLink:tag 1151-Security Group iLink: tag 55-Symbol MDP 3.0


MDP 3.0: tag 6937-Asset
tag 1151 - Security Group

Other

Product

Editorial
Power

Graph created with ZEMA

Summary

The ZEMA graph below shows CME NYMEX for sulfur emission settlement price in comparison
to the average of SO2 emission. Analysis like this can easily be generated within ZEMAs
Market Analyzer tool. To learn more, book a complimentary ZEMA demonstration.

Petroleum

Weather and Emissions

These contracts are listed on, and subject to, the rules of UK RIE CME Europe Ltd.

Nat Gas
Coal

Data Source: CME NYMEX Futures Settlement report and EPA Unit Level Emissions (Quarterly) report
Softs

See the original announcement.

Argus Discontinues SO2 US Daily Assessments

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

113

Market
Analysis

September/October 2015

Data
Partners

PA0002650

Other

Continuous forward Description

Weather &
Emissions

Price type

Finance

Time stamp

Freight

PA-code

Metals

Effective September 25, 2015, Argus ceases publication of the daily SO2 emission
allowances in Argus Air Daily, which have been in circulation since May 1997:

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

PA0002650

21

SO2 US daily assessment for year

Coal

Nat Gas

21

Petroleum

PA0002650

Power

Continuous forward Description

Editorial

Price type

Summary

Time stamp

Weather and Emissions

PA-code

See the original announcement.


Softs

Argus Discontinues REC Assessments

PA0010002

21

PA0010002

21

PA0010002

21

PA0010002

21

PA0010002

21

PA0010068

21

PA0010068

21

PA0010654

21

Daily
Daily
Daily
Daily
Daily
Monthly
Monthly
Daily
114

Market
Analysis

September/October 2015

Daily

Data
Partners

21

Frequency

Other

PA0010002

Continuous
Description
forward
REC National Green-e voluntary wind
1
half-year
REC National Green-e voluntary wind
1
half-year
REC National Green-e voluntary wind
1
half-year
REC National Green-e voluntary wind
2
half-year
REC National Green-e voluntary wind
2
half-year
REC National Green-e voluntary wind
2
half-year
REC National Green-e voluntary wind
1
half-year monthly index
REC National Green-e voluntary wind
2
half-year monthly index
REC WECC Green-e voluntary wind
1
half-year

Weather &
Emissions

Price
type

Finance

Time
stamp

Freight

PA-code

Metals

Effective September 30, 2015, Argus ceases publication of the national,


WECC, Ohio, and Maryland REC assessments in Argus Air Daily, which have
been in circulation since 2012:

21

PA0010654

21

PA0010654

21

PA0010654

21

PA0010654

21

PA0010657

21

PA0010658

21

PA0010658

21

PA0010671

21

REC Maryland Tier 1 year

Daily

PA0010671

21

REC Maryland Tier 1 year

Daily

PA0010671

21

REC Maryland Tier 1 year

Daily

REC Ohio non-solar year monthly index

Daily
Daily
Daily
Daily
Monthly

Nat Gas

REC WECC Green-e voluntary wind


half-year monthly index
REC WECC Green-e voluntary wind
half-year monthly index

Daily

Petroleum

PA0010654

Frequency

Power

Continuous
Description
forward
REC WECC Green-e voluntary wind
1
half-year
REC WECC Green-e voluntary wind
1
half-year
REC WECC Green-e voluntary wind
2
half-year
REC WECC Green-e voluntary wind
2
half-year
REC WECC Green-e voluntary wind
2
half-year

Editorial

Price
type

Summary

Time
stamp

Weather and Emissions

PA-code

Monthly
Monthly

Coal

Softs

See the original announcement.


Metals
Freight
Finance
Weather &
Emissions
Other

Data
Partners

115

Market
Analysis

September/October 2015

Summary

Other

Editorial
Power
Petroleum
Finance
Weather &
Emissions
Other

See the original announcement.

Freight

ZEMA is used by the front-, mid-, and back-office professionals in all markets. To learn how ZEMA can be
tailored to your specific needs and give you access to the right information, book a complimentary ZEMA demo
at www.ze.com/book-a-demo.

Metals

Subject to finalizing contracts, 18 entities have agreed to participate in the initiative,


including: Bank of America Merrill Lynch, Barclays, Bloomberg, BNP Paribas, Citigroup, Credit
Suisse, Deutsche Bank, Depository Trust and Clearing Corporation, Goldman Sachs,
ICAP-Traiana, JPMorgan Chase & Co, Markit, the Asset Management Group of the Securities
Industry and Financial Markets Association (SIFMA AMG), Socit Gnrale,
Thomson Reuters, Tradeweb and UBS.

Softs

The symbology project involves a consortium of buy- and sell-side market participants,
vendors, platforms and trade associations. The initiative comes in response to a variety of
regulatory changes, including the European Unions revised Markets in Financial Instruments
Directive/Regulation (MIFID II/MIFIR) and the US Securities and Exchange Commissions
(SEC) reporting rules, which require a standardized means of identifying derivatives
instruments at a granular level. A common methodology for classifying and identifying
derivatives instruments across all platforms will also cut complexity and costs for market
participants that need to connect to multiple trading venues, and simplify the distribution
of liquidity.

Coal

On September 17, 2015, the International Swaps and Derivatives Association, Inc. (ISDA)
launched a new industry data project, aimed at developing an open-source standard
derivatives product identification system that can be applied across all derivatives facilities,
including trading venues, clearing houses, repositories and other infrastructures.

Nat Gas

ISDA Launches Initiative for a Derivatives


Product Identification Standard

Data
Partners

116

Market
Analysis

September/October 2015

Summary

Other

Editorial
Power
Petroleum
Nat Gas

MCX Signs MoU to Set an International Exchange


with International Financial Services Center (IFSC) at GIFT City

Coal

On August 25, 2015, Multi Commodity Exchange of India Ltd. (MCX) and GIFT SEZ Ltd., a
wholly owned subsidiary of Gujarat International Finance Tec-City Company Ltd. (GIFTCL) at
GIFT City signed an MoU in Mumbai for developing of an international exchange. The new
platform will facilitate trading, clearing and settlement of securities, commodities, interest
rates, currencies, other classes of assets and derivatives to international investors in GIFT
SEZ-IFSC. This initiative will support the vision of making India a key hub for commodity
trading and would help in establishing the necessary system.

Softs
Metals

Leverage ZEMAs sophisticated analytical functionalities to make more informed decisions. To learn more, book a
complimentary ZEMA demonstration.

Freight

See the original announcement.

DME Auctions to Enhance Spot Commodities Trading


Finance

On September 21, 2015, the Dubai Mercantile Exchange (DME) announced


the launch of DME Auctions - a new platform that will provide a transparent spot
commodity auction system for the first time in the Middle East. DME Auctions will provide
commodity market participants with the flexibility to buy and sell physical energy products
and other commodities for immediate delivery in the Middle East and beyond.

Weather &
Emissions

See the original announcement.

Other

Data
Partners

117

Market
Analysis

September/October 2015

Summary

Editorial
Power
Petroleum

ZE PowerGroup Inc. (ZE) continues staying at the forefront of market data coverage for various
markets. ZE collects data spanning petroleum, natural gas, electricity, weather, agriculture,
metals, freight, emissions, and finance. ZE then provides its clients with access to both public
and private data reports.

News from Data Partners

ZEMA Adds Petroleum, Electricity, Natural Gas and Weather Data in


September and October 2015

Nat Gas
Coal

Since the last issue of DataWatch, ZE has added multiple data reports, including reports
published by Bentek, Earthsat, EIA, Nasdaq, NOAA, Red Electrica de Espana. The largest
portion of this addition came from EIA, which newly added data reports include refinery
production, natural gas plant field production, stocks of ethane, isobutane, butane,
propylene, and other oil derivatives. Earthsat data covers actual and forecast wind power
generation. NOAA added new weather reports including Climate Weather Linkage Indexes.
Reports by Red Electrica de Espana cover available power generation, import/export
forecasts and other.

Softs
Metals

These reports, along with many others added to ZEs data library, have been implemented in
response to a need for greater data coverage in strategic areas of power, natural gas,
petroleum, and weather.
To see the full list of ZEMA data providers, visit ZEs Data Coverage.

Freight
Finance
Weather &
Emissions

EEX and EPEX SPOT Respond to EU Consultation


on Electricity Market Design

118

Market
Analysis

September/October 2015

Data
Partners

In their statement, both exchanges express their strong support for market-based,
European-wide solutions when looking at complex questions such as the configuration of
bidding zones or support schemes for renewables. The exchanges also stress the importance
of making full use of the price signal based on the established, liquid markets to drive forward
internal market integration and efficiently achieve the EUs energy and climate policy targets.

Other

Leipzig / Paris, October 7, 2015 The European Energy Exchange (EEX) and the European
Power Exchange EPEX SPOT SE have jointly responded to the EU consultation on electricity
market design.

The development towards large, cross-border bidding zones supports the efficiency of the
power system by integrating markets.

Petroleum

Renewables support needs to be increasingly market-based through feed-in-premium or


quota systems. Support levels should be determined through competitive mechanisms. A
more coordinated approach of renewables support in Europe is required.

Power

Scarcity prices are an important ingredient to the market design. When scarcity prices are
used to value flexibility, they create significant opportunities for the market. A clear political
commitment against regulatory interference in market price formation is needed.

Editorial

The core messages of the exchanges response to the consultation are:

Summary

News from Data Partners

Furthermore, EEX and EPEX SPOT emphasise the need for better regulation instead of
more regulation.

Nat Gas

As far as market coupling is concerned, new governance rules for power exchanges are
foreseen in the EU Regulation on Capacity Allocation and Congestion Management. These
rules are promising and should be evaluated first before considering new regulations.

Coal

The response was handed in on 7 October 2015 and can be found by following this link.

Metals
Freight
Finance
Weather &
Emissions

The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops,
operates and connects secure, liquid and transparent markets for energy and commodity
products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and
Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT,
Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group.
Clearing and settlement of trading transactions are provided by the clearing house European
Commodity Clearing (ECC). For more information: www.eex.com

Softs

The European Power Exchange EPEX SPOT SE operates the short-term electricity markets for
Germany, France, the United Kingdom, the Netherlands, Belgium, Austria and Switzerland.
Striving for the creation of a European single market for electricity, EPEX SPOT shares its
expertise with partners across the continent and beyond. EPEX SPOT is a European company
(Societas Europaea) in corporate structure and staff, based in Paris with offices in
Amsterdam, Bern, Brussels, Leipzig, London and Vienna. More than 280 companies trade
500 TWh of electricity on EPEX SPOT and APX markets every year 40% of its countries
electricity consumption. EPEX SPOT is held by EEX Group, part of Deutsche Brse,
and European electricity transmission system operators. For more information:
www.epexspot.com

Other

Data
Partners

119

Market
Analysis

September/October 2015

Weather &
Emissions
Other

Data
Partners
Market
Analysis

120

Finance

September/October 2015

Freight

Gaspoint Nordic offers an exchange based market place for physical trade of natural gas
in Denmark. The products offered all have short maturity ranging from within day to month
ahead. Gaspoint Nordic provides a market place to producers, retailers, energy companies,

Metals

About Gaspoint Nordic

Softs

The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops,
operates and connects secure, liquid and transparent markets for energy and commodities
products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and
Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT
(incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part
of EEX Group. Clearing and settlement of trading transactions are provided by the clearing
house European Commodity Clearing (ECC). For more information: www.eex.com

Coal

About EEX

Nat Gas

From 7 October 2015, all market participants active in wholesale trading on organised market
places have to report the respective trading data. The data is used by ACER for monitoring the
energy wholesale markets with regard to market manipulation and insider trading.

Petroleum

The launch was supported by Seven2one Informationssysteme GmbH which provides the
technical application for the compliance services at EEX Group.

Power

Dr. Tobias Paulun, Chief Strategy Officer of EEX Group, comments: The implementation of
reporting services according to REMIT poses a big challenge for the market. We are committed
to supporting our customers at this important time.

Editorial

Almost 250 trading members have already subscribed to the new reporting services, with
more than 150,000 data sets having been reported to the Agency for the Cooperation of
Energy Regulators (ACER). The transfer of data includes all trades concluded or entered via
the trade registration function, as well as orders. Furthermore, EEX supports connectivity to
third party RRMs such as RegisTR, Trayport and EFETnet, which provides market participants
with even more flexibility in delegating their reporting requirements.

Summary

Leipzig, October 12, 2015 The European Energy Exchange (EEX) has started the REMIT data
reporting service. Being officially approved as Registered Reporting Mechanism, the service
covers the provision of trading data for the organised market places EEX, Gaspoint Nordic
and Powernext.

News from Data Partners

REMIT Reporting Service Launched

Editorial
Power
Petroleum
Nat Gas

Powernext is a regulated market operating under AMF supervision. Powernext manages the
natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and
operates the National Registry for electricity guarantees of origin in France. Powernext owns
40.3% in EPEX SPOT and 20% in EEX Power Derivatives. For more information:
www.powernext.com

Summary

About Powernext

News from Data Partners

trading representatives and large consumers on which they can buy or sell natural gas
anonymous and with no credit risk. Trading at Gaspoint Nordic is based on continuous trading
and is performed electronically through an internet based trading system. This market model
promotes further competition and transparency hence contributing to a dynamic gas
market. Gaspoint Nordic supports market based balancing in cooperation with the Danish
TSO, Energinet.dk by offering extended trading hours in case of a gas supply crisis. Since
January 2015 Energinet.dk and the European Energy Exchange, EEX share joint ownership of
Gaspoint Nordic. For more information: www.gaspointnordic.com

Coal

Softs

15-minute Contracts on Austrian Intraday Market


Launched with Success

Other

Data
Partners
Market
Analysis

121

Weather &
Emissions

September/October 2015

Finance

15-minute contracts were first introduced in December 2011 on the German Intraday
market and have since then been a success story. They were extended in June 2013 to
Switzerland at the moment of the launch of the Swiss Intraday market, with the possibility to
match these contracts across the German-Swiss border. Since December 2014, a
complementary 15-minute call auction on the German Intraday market provides a clear cut
price signal. About 12 TWh have been traded in 15-minute contracts since launch, with a
volume of well over 300 GWh per month in the recent months across all segments.

Freight

The Austrian transmission system operator (TSO) APG, its German counterparts Amprion,
Tennet and TransnetBW, the European Power Exchange EPEX SPOT and its clearing house
European Commodity Clearing (ECC) have closely cooperated on this extension in the recent
months. Following the reduction of the cross-border intraday lead time to 60 minutes on the
Austrian-German border by 16 July 2015, the introduction of 15-minute contracts in Austria
became possible through the adaptation of scheduling and capacity systems by the
Austrian and German TSOs. Right from the start, cross-border matching with German and
Swiss 15-minute contracts is an integral part of the extension, so that these contracts now
span across three countries.

Metals

Paris / Vienna, October 2, 2015 Trading of 15-minute contracts on the continuous


Intraday power market in Austria has successfully started on 1 October 2015. 108.75 MWh
were traded on the first day, including 42.4 MWh across borders, taking advantage of the
existing liquidity on the German and Swiss 15-minute continuous trading.

Summary

Editorial
Power
Petroleum

News from Data Partners

The European Power Exchange EPEX SPOT SE operates the short-term electricity markets for
Germany, France, the United Kingdom, the Netherlands, Belgium, Austria and Switzerland.
Striving for the creation of a European single market for electricity, EPEX SPOT shares its
expertise with partners across the continent and beyond. EPEX SPOT is a European company
(Societas Europaea) in corporate structure and staff, based in Paris with offices in
Amsterdam, Bern, Brussels, Leipzig, London and Vienna. More than 280 companies trade
500 TWh of electricity on EPEX SPOT and APX markets every year 40% of its countries
electricity consumption. EPEX SPOT is held by EEX Group, part of Deutsche Brse, and
European electricity transmission system operators. For more information: www.epexspot.com

Nat Gas

October 1, 2015 - Global energy and commodity price reporting agency Argus has launched
Argus FMB Fertilizer Brazil, a weekly report and online service that provides transparency for
the worlds fourth-largest fertilizer market.

Finance
Weather &
Emissions
Other

Data
Partners

Argus opened its office in Rio de Janeiro in 2012, and launched Portuguese and Spanish
language websites in the same year. Argus publishes a variety of fertilizer reports with over
100 price assessments covering international phosphates, nitrogen, ammonia, potash,
sulphur and sulphuric acid markets. Some of these are used as reference prices in contracts.

Freight

Argus Media executive chairman and publisher Adrian Binks said: Argus is pleased to be
adding to transparency of the important Brazilian fertilizer market. Argus FMB Fertilizer Brazil
will help companies understand pricing and opportunities in this key regional market.

Metals

An economic downturn and the depreciation of the real against the US dollar have led to a
downturn in the Brazilian import programme, leading to questions over whether it will be
robust enough to support prices in the coming weeks. January-August imports were down by
10pc compared with a year earlier, and full-year imports could fall by as much as a fifth
compared with 2014. Suppliers of nitrogen, phosphate and potash products have had to
make increasingly competitive offers, making reliable and timely local price information all the
more important.

Softs

Brazil is a key player in the global fertilizer market, and Argus FMB Fertilizer Brazil will help
companies in this sector to understand its intricacies. The service offers detailed coverage of
the countrys four main trading regions, with 47 key price assessments, market commentary,
information on local logistics such as freight and port costs, details on the Brazilian barter
system, news on business opportunities and crop prices, and charts showing trends
on imports and prices.

Coal

Argus Launches Brazilian Fertilizer Information Service

Contact Information: Brazil, Vanessa Viola, +55 (21) 2548 0817, vanessa.viola@argusmedia.com
122

Market
Analysis

September/October 2015

Softs
Metals
Freight
Finance
Weather &
Emissions
Other

Data
Partners

123

Market
Analysis

September/October 2015

Coal

Commenting on the publication of Ioscos implementation report last month, Adrian Binks
said: I am pleased to see yet another positive review from Iosco of the implementation
of the PRA Principles. Argus extensive compliance with these principles forms part of our
long-standing commitment to identifying and adopting best practice in commodity price
reporting across our business. I would urge EU legislators and policy makers to note Ioscos
second implementation report and to ensure that their negotiations on the EUs proposed

Nat Gas

Iosco announced the results of its second annual review of the implementation of the PRA
Principles last month. Iosco and the other organisations involved in the process have now
decided that they do not need to carry out these annual reviews in future. Iosco said: Given
the progress that has been evidenced to date, the commitment by the four main PRAs to
continue adhering to the PRA Principles, and to undergo independent external assurance
reviews, Iosco, the IEA, IEF and Opec do not believe that further annual implementation
reviews will be necessary at this time.

Petroleum

Argus successfully completed the first independent review of oil benchmarks in October 2013
and was the first PRA to extend the Iosco PRA Principles to non-oil energy benchmarks, in
January 2014.

Power

Argus Media executive chairman and publisher Adrian Binks said: We are pleased to have
completed successfully our fourth assurance review for Argus energy benchmarks and are
glad that we have extended the scope to include fertilizer and petrochemical benchmarks,
which are a growing part of our business. We found the PRA Principles entirely appropriate for
application to our other commodity benchmarks.

Editorial

The assurance review was conducted by independent professional services provider PwC and
examined the policies and processes that Argus uses to establish price benchmarks for oil,
thermal coal, coking coal, natural gas, biomass, fertilizer and petrochemicals. These
processes are designed to ensure compliance with the principles for price reporting agencies
(PRAs) set out by the International Organization of Securities Commissions (the Iosco PRA
Principles). A reasonable assurance review was carried out for energy benchmarks oil,
thermal coal, coking coal, natural gas and biomass as recommended by Iosco.

Summary

October 9, 2015 - Global energy and commodity news and price reporting agency Argus has
completed its fourth external assurance review of its energy price benchmarks and extended
the scope of the process to cover petrochemicals and fertilizers for the first time.

News from Data Partners

Argus Extends Annual Benchmark Assurance Review to Fertilizers and


Petrochemicals

Petroleum

The Iosco PRA Principles are available at http://www.iosco.org/library/pubdocs/pdf/


IOSCOPD391.pdf

Power

Argus methodologies are published at www.argusmedia.com/methodology

Editorial

Argus description of its policies and procedures together with the full assurance review report
are available at www.argusmedia.com/About-Argus/How-We-Work

Summary

The Iosco PRA Principles were published in October 2012 and endorsed by the G20 in
November 2012. They cover governance, control, quality, integrity and conflict management
in relation to commodity benchmark price assessments published by PRAs and require an
annual external audit.

News from Data Partners

benchmark regulation lead to legislation that fully aligns with the Iosco PRA Principles with
respect to PRA commodity benchmarks.

Nat Gas

Contact Information:
London, Seana Lanigan, +44 20 7780 4272, seana.lanigan@argusmedia.com

Coal

Softs

PetrochemWire Now Publishing Free Breaking News Stories


Metals
Freight

Oct 26, 2015 - PetroChem Wire has started publishing free breaking news stories throughout
the day. Stories detail operational events such as plant shutdowns; announcements of
expansion or construction of new facilities, price impacts from inventory data and in-depth
analysis pieces concerning trends in the NGL, olefin, polymer markets. PCWs free news
stories can be found at www.petrochemwire.com.

Finance
Weather &
Emissions
Other

Data
Partners

124

Market
Analysis

September/October 2015

Metals
Freight
Finance
Weather &
Emissions
Other

Data
Partners
Market
Analysis

125

Softs

September/October 2015

Coal

1 Brent Crude Oil Slides to Lowest Price Since 2010, CBC News, October 13, 2014, accessed October 27, 2014,
http://www.cbc.ca/news/business/brent-crude-oil-slides-to-lowest-price-since-2010-1.2797210.
2 Oil Dives after Big US Weekly Crude Stock Build, Reuters, October 22, 2014, accessed October 27, 2014,
http://www.reuters.com/article/2014/10/22/markets-oil-idUSL6N0SH1EW20141022.

Nat Gas

Strong U.S. stockpile data put a lot of pressure on WTI. In the 4th week of October 2014, U.S.
crude inventories rose much more than expected, while the rising U.S. dollar and falling
equity market also pressured oil. According to EIA, U.S. crude inventories rose by
7.11 million barrels, more than double the 2.7 million-barrel increase analysts expected.2
Consequently, a looming U.S. contango, or a situation in which futures contracts are
overpriced when compared to their fair, present values, may mean further losses for the
North American benchmark.

Petroleum

Global crude benchmarks reached their biggest quarterly loss since the summer of 2012. In
October 2014, Brent dropped due to weak demand and ample oil inventories. Brent reached
its lowest levels since 2010 after Saudi Arabia showed no sign of reducing its output in this
global gloomy economic condition. Dropped by nearly 25% since June, Brent prices
experienced more downward pressure after key OPEC producers signaled in mid-October that
they are unlikely to cut production.1

Monthly Market Analysis

On the New York Mercantile Exchange (NYMEX), prompt-month contracts for Brent and
Western Texas Intermediate (WTI) crude oil plunged for the 4th month in a row to the lowest
levels of the past 12 months. By the end of the last Monday of October 2014, the prices of
Brent and WTI both dropped by 9%. When compared to the previous month, in October 2014
prompt-month contracts for Brent dipped just below $90 USD/Bbl to settle at $89 USD/Bbl.
Meanwhile, the prompt-month contract prices for WTI dropped to $85 USD/Bbl, $16 USD/
Bbl lower than the same time last year. In October 2014, data from NYMEX future settlements
showed that Brent and WTI hit their lowest price levels for the last 12 monthsBrent and WTI
traded at $17 USD/Bbl and $13 USD/Bbl below the last 12-month average. Furthermore, the
last 12-month averages for Brent and WTI on NYMEX dropped to $106 USD/Bbl and
$98 USD/Bbl, respectively. The Brent-WTI spread (represented by the purple area in the
graph above) reached $3 USD/Bbl this month, which was $ 5 USD/Bbl below the last
12-month average.

Power

Data Source: NYMEX

Editorial

Graph created with ZEMA

Summary

Monthly Market Analysis

Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX)

Nat Gas
Coal

Softs
Metals
Freight

This is the 4th month in a row that crude oil prices faced an uphill battle against oversupply
and sluggish demand. According to Reuters, oil prices are down more than 25% since June
due to a saturated oil market and tepid global demand from Europe to China.3 Consequently,
energy analysts have slashed forecasts of world oil demand growth for next year as the global
oil benchmarks are approaching a 4-year low.

Petroleum

On the New York Mercantile Exchange (NYMEX), forward curves for Brent and Western
Texas Intermediate (WTI) prices fell in October 2014 for the next 24 months when compared
to September 2014. The average NYMEX Brent forward prices for delivery until November
2016 (represented by the blue line in the graph above) dropped by $10 USD/Bbl to
$91 USD/Bbl, while WTI (the red line) fell by $7 USD/Bbl to an average of $83 USD/Bbl for
the same delivery period. The Brent-WTI spread also dropped by 10% to $9 USD/Bbl (the
purple area) on average for the next 24 months.

Power

Data Source: NYMEX

Editorial

Graph created with ZEMA

Summary

Monthly Market Analysis

Crude Oil Brent vs. WTI: Forward Curve (NYMEX)

Finance
Weather &
Emissions
Other

Data
Partners

3 Oil Falls Below $86 as Oversupply, Global Economy Worries Weigh, Reuters, October 21, 2014, accessed October 29, 2014,
http://in.reuters.com/article/2014/10/20/markets-oil-idINKCN0I91QX20141020.
126

Market
Analysis

September/October 2015

Nat Gas
Coal

Softs
Metals
Freight

For the week ending October 22, 2014, EIAs Natural Gas Weekly Update reported that
record high natural gas production along with low demand caused the prices to stay low. In
the 3rd week of October 2014, dry gas production hit a new single-day high of 70.5 Bcf/d,
with all regions posting larger than the 5-year average build. Also, consumption of natural gas
for power generation fell 7.9% while temperatures during the storage report week were
2.7 degrees warmer than the 30-year average.4

Petroleum

On the Intercontinental Exchange (ICE), natural gas prices remained almost flat in most of the
observed North American hubs by the end of October 24, 2014. When compared to the first
24 days of September, the prices dropped by 12% in New Yorks Transco Zone-6 to
$2.07 USD/MMBtu, by 3% in Californias PG&E Citygate to $4.35 USD/MMBtu, by 3% in
Chicago to $3.88 USD/MMBtu, and by 2% in Henry Hub to $3.85 USD/MMBtu. Comparing
October 2014 prices to last years prices, monthly average gas prices increased in Henry Hub,
Chicago Citygates, and PG&E by 5%, 2%, and 9%, respectively. However, New Yorks Transco
Zone-6 prices dropped this year by 44% from $3.68 USD/MMBtu in 2013.

Power

Data Source: NYMEX

Editorial

Graph created with ZEMA

Summary

Monthly Market Analysis

Crude Oil Brent vs. WTI: Forward Curve (NYMEX)

Finance
Weather &
Emissions

Graph created with ZEMA

Other

Data
Partners

Data Source: NYMEX


4 Natural Gas Weekly UpdateWeek Ending October 22, 2014, U.S. Energy Information Administration, October 23, 2014,
accessed October 27, 2014, http://www.eia.gov/naturalgas/weekly.
127

Market
Analysis

September/October 2015

Nat Gas
Coal

Softs
Metals
Freight

For the week ending October 22, 2014, EIAs Natural Gas Weekly Update reported that
National Oceanic and Atmospheric Administration (NOAA) predicted above average
temperatures for the 2014-15 winter season. Also, EIA forecasts total natural gas
consumption will be 86.5 Bcf/d this winter, 4.5 Bcf/d lower than last winters average
consumption of 91.0 Bcf/d. The reduction in EIAs forecast comes mainly from the residential
and commercial sectors.5

Petroleum

On the Intercontinental Exchange (ICE), natural gas futures available for trade in the next
12 months at Henry Hub dropped slightly due to tepid demand in October 2014 (until the last
Monday of the month) when compared to the previous month. The average price of Henry Hub
natural gas October 2014 contracts for delivery in the next 12 months (represented above by
the orange line) dropped by 3% to average at $3.81 USD/MMbtu when compared to
September 2014 contracts (represented by the blue line). Data from ICE suggests the spread
between October 2014-September 2014 contracts (represented by the red bar) averaged at
$0.11 USD/MMbtu for the next 12 months.

Power

Data Source: ICE

Editorial

Graph created with ZEMA

Summary

Monthly Market Analysis

Henry Hub Natural Gas Forward Curve (ICE)

Finance
Weather &
Emissions
Other

Data
Partners

5 Natural Gas Weekly UpdateWeek Ending October 22, 2014, U.S. Energy Information Administration, October, 22, 2014,
accessed October 27, 2014, http://www.eia.gov/naturalgas/weekly.
128

Market
Analysis

September/October 2015

Nat Gas
Coal

Softs
Metals
Freight

In October 2014, the 2-year average in all observed cities was slightly warmer this year,
except for Chicago. When comparing the past 2-year average of October temperatures, this
years October felt warmer in San Diego, San Antonio, and New York by 3, 2, and 1 degree(s),
respectively. On the other hand, Chicago was 1 degree below the 2-year average.
Furthermore, the city of Chicago experienced the largest weather fluctuations again among all
observed cities, as the temperature reached 17C on October 2, dropped to 0C on October 4,
and rose to 13C on the 24th. It is safe to say that October 2014 was slightly warmer across all
observed cities when compared to the past 2-year average.

Petroleum

From September 2014 to October 24, 2014, the monthly temperature dropped in all
observed North American cities due to seasonality. Data from AccuWeather showed
Chicago, New York, San Antonio, and San Diego felt colder by 7, 6, 4, and 2 degrees
Celsius (C), respectively, when compared to the previous month. In October 2014, the
average monthly temperatures in the observed North American cities were as follows: Chicago
(9C), New York (16C), San Antonio (25C), and San Diego (23C).

Power

Data Source: Accuweather

Editorial

Graph created with ZEMA

Summary

Monthly Market Analysis

Actual Weather (AccuWeather)

Finance

Graph created with ZEMA

Weather &
Emissions
Other

Data
Partners

Data Source: Accuweather

129

Market
Analysis

September/October 2015

Editorial

Graph created with ZEMA

Summary

Power
Petroleum

Monthly Market Analysis

Electricity: Day-Ahead Prices (ICE)

Data Source: ICE

Metals
Freight
Data
Partners
Market
Analysis

130

Other

Disclaimer:
ZE DataWatch is a report comprised of data updates and expectations for energy and commodities markets, powered
by ZEMA. The news contained in ZE DataWatch is for information purposes only. Although ZE PowerGroup believes
the information in this report to be correct, the organization does not warrant the accuracy or completeness of it.
Information in this report is not intended to provide financial, legal, accounting, or tax advice and should not be relied
upon in that regard. ZE PowerGroup is not responsible in any manner whatsoever for direct, indirect, special, or
consequential damages, howsoever caused, arising out of the use of this report.

Weather &
Emissions

About ZEMA:
ZEMA is an enterprise data management software designed for collecting data and performing complex analysis.
ZEMA replaces fragmented data management processes with a sophisticated, unified, and automated system. Each
ZEMA component is modular and scalable, giving clients greater flexibility when integrating it into their organizations.
The solution is easy to use and backed by ZEs support team around the clock. It has been ranked first in the Energy
Risk Awards Data Management House of the Year category for five years in a row. In Energy Risks annual software
survey and rankings, it is also consistently rated by end users as first in the Preferred System, Ease of System
Integration, and Customer Service categories.

Finance

About ZE PowerGroup Inc.:


ZE is an experienced software and strategic consulting firm that combines energy industry expertise with advanced
software development capabilities. ZE is the developer of ZEMA, a sophisticated enterprise data management and
analysis solution built to meet the challenges of participants in energy and commodities markets.

September/October 2015

Softs

6 New York Spot Power Jumps as Grid Demand Tops Forecasts, Bloomberg, October, 6, 2014, accessed October 27, 2014,
http://www.bloomberg.com/news/2014-10-06/new-york-spot-power-jumps-as-grid-demand-tops-forecasts.html.

Coal

Comparing day-ahead pricing of October 2013 with October 2014, CAISO SP-15, PJM,
ERCOT, and NYISO increased 17%, 5%, 16%, and 1%, respectively. In October 2014,
electricity prices in California went up as warmer weather along with lower-than-expected
output from wind and solar farms (43% below day-ahead projections for the period) pushed
an upward pressure on the market.6

Nat Gas

On the Intercontinental Exchange (ICE), electricity day-ahead (DA) prices rose in observed
North American ISOs when compared to the previous month, except CAISO-SP15. From
September 2014 to October 2014, electricity day-ahead prices decreased in
CAISO SP-15 by 4% to $49.90 USD/MWh. However, NYISO, PJM, and ERCOT (Texas)
day-ahead prices rose by 8% to $66.79 USD/MWh, by 5% to $61.37 USD/MWh, and by 8%
to $38.87 USD/MWh, respectively.

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