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Asian LPG
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METHODOLOGY GUIDE
SIZE
Platts Asia assessments reflect the following typical volumes:
Refrigerated Cargos
FOB AG: 10,000-40,000mt split refrigerated cargo 10,000-40,000mt split refrigerated cargo 10,000-40,000mt split refrigerated cargo
C+F JAPAN:
C+F KOREA:
Pressurized Cargos
C+F CHINA: 1,800-2,500mt pressurized mixed LPG
LOCATION
Platts assessments apply to the following ports:
Refrigerated Cargos
FOB AG: Export terminals including, but not limited to: Ras Tanura, Saudi Arabia and Yanbu, Saudi Arabia C+F JAPAN: Import terminals at main ports including, but not limited to Kashima, Yokkaichi and Oita C+F KOREA: Import terminals at main ports including, but not limited to Yeosu and Ulsan C+F SOUTH CHINA/TAIWAN: Import terminals, and floating storage vessels off China main ports including, but not limited to Shenzhen, Zhuhai, Shantou, Mai Liao and Kaohsiung
Pressurized Cargos
LOADING/DELIVERY WINDOWS
Refrigerated Cargos
FOB AG: Assessments typically reflect parcels loading in Arab Gulf 20-40 days out from the date of publication. C+F JAPAN/KOREA: Assessments typically reflect parcels to be delivered 35-55 days out from the date of publication. C+F SOUTH CHINA: Assessments typically reflect parcels to be delivered 20-35 days out from the date of publication.
C+F SOUTH CHINA: Pressurized LPG storage terminals in South China including, but not limited to Shenzhen, Zhuhai, Xiamen and Shantou C+F EAST CHINA: Pressurized LPG storage terminals in East China including, but not limited to Shanghai, Ningbo and Nantong
SPECIFICATIONS
Propane (C3): Conforming to SAMAREC A-140 specifications issued by Saudi Aramco, including: minimum 95% propane content, maximum 4% butane content and maximum 0.1% olefin content. Normal Butane (C4): Conforming to SAMAREC A-160 specifications issued by Saudi Aramco, including: maximum 2% propane content, maximum 29% isobutane content, minimum 68% normal butane content and maximum 0.1% olefin content.
Pressurized Cargos
C+F SOUTH CHINA: Assessments typically reflect parcels to be delivered 7-15 days out from the date of publication. C+F EAST CHINA: Assessments typically reflect parcels to be delivered 7-15 days out from the date of publication.
ASIAN LPG
METHODOLOGY GUIDE
LOCATIONS
East China assessments include, but are not limited to terminals in the following regions: Shanghai, Jiangsu, Zhejiang and Fujian North China assessments include, but are not limited to terminals in the following regions: Hebei, Shandong and Tianjing Northeast China assessments include, but are not limited to terminals in the following region: Liaoning South China assessments include the Pearl River Delta, East and West Guangdong areas.
Pearl River Delta assessments include, but are not limited to terminals in the following regions: Guangzhou, Shenzhen (including Huizhou) and Zhuhai West Guangdong assessments include, but are not limited to terminals in the following regions: Yangjiang and Maoming East Guangdong assessments include, but are not limited to terminals in the following regions: Chaozhou and Shantou
Refineries
South China assessments include, but are not limited to the following refineries: Guangzhou and Maoming East China assessments include, but are not limited to the following refineries: Zhenhai, Shanghai, Gaoqiao and Jinling, Yangzi and Fujian North China assessments include, but are not limited to the following refineries: Tianjin, Yanshan, Dagang, Cangzhou, Huabei Northeast China assessments include, but are not limited to the following refineries: Daqing, Dalian, Jinzhou and Jinxi
Assessment units
Yuan (RMB) per metric ton.
Taxes
Assessments include value-added tax (typically 13%), import duties (typically 5%) and berthing fees (typically Yuan 40-50/mt)
Volumes
Assessments reflect typical volumes traded in the spot market. Standard volumes are: 600-1,500mt for waterborne, and 10-25mt parcels for ex-truck assessments.
Loading time
Waterborne: Assessments typically reflect parcels loading in 2-5
METHODOLOGY GUIDE
The density can also be calculated by test method GB/T 12576, but in arbitration it must follow SH/T 0221. Vapor pressure can also be calculated test method GB/T 12576,but in arbitration it must follow GB/T 6602. According to description in SY/T 7509, 0.3ml residue of solvent is dropped separately with 0.1ml individually onto the filter paper, which in 2 minutes is observed under day light, sample passes test if there is no oil residue on the filter paper.
Specific Gravity 60F/60F Sulfur (Total),ppm (wt) (ug/g) Vapor Pressure @ 100F,psig (KPa(g)) Water Content, ppm (wt)
ASTM D-1838 Lead acetate paper per Exxon Lab. Inspection Circular 200.14 UOP-212 ASTM D-2598 ASTM D-2784/D-40454 ASTM D-2598/D-1267 ASTM E-700
Notes: Odorant not required in refrigerated propane LPG. Hydrogen sulfide test required only when volatile sulfur test exceeds 5 ppm. Passing test of hydrogen sulfide shall be reported as "Not more than 5 ppm". Product shall contain no free water. 4 ASTM D-4045 as modified by Saudi Aramco can also be used as an alternative method of testing
ASTM D-1838 Exxon Laboratory Inspection Circular 200.14 or UOP .212 ASTM D-2598 ASTM D-2784/ D-40454 ASTM D-2598/ D-1267 ASTM E-700
Notes: Odorant not required in refrigerated propane LPG. Hydrogen sulfide test required only when volatile sulfur test exceeds 5 ppm. Passing test of hydrogen sulfide shall be reported as "Not more than 5 ppm". Product shall contain no free water. 4 ASTM D-4045 as modified by Saudi Aramco can also be used as an alternative method of testing
ASIAN LPG
METHODOLOGY GUIDE
days out from the date of publication. Ex-Truck: Assessments typically reflect parcels loading in 1-3 days out from the date of publication.
Aramco's specifications for propane and butane, detailed in the tables below. Import grade LPG is defined as typically being 30:70, propane:butane. Refinery grade is defined as typically being 10:90, propane:butane. Platts assesses refinery-grade or China standard LPG in northern and northeastern China. Platts assesses refinery and imported-grade LPG in eastern China. Platts assesses imported grade LPG in southern China.
PRODUCT SPECIFICATIONS
Platts assesses two grades of LPG in China. Refinery grade LPG is defined as the Peoples' Republic of China LPG standard specifications, detailed in the table on page 4 of this guide. Import grade LPG is defined according to Saudi
ASIAN LPG