Ethanol T2 Barge FOB ARA

This cash assessment reflects the value of a barge of T2 duty-paid fuel ethanol loading FOB ARA 3-to-15 days forward from the date of publication. This product is used in the gasoline blending pool to meet European renewables mandates and acts as a reference for the European ethanol market. It trades at a flat price. The balmo and monthly assessments are Quantum's assessed value of swaps contracts that are financially settled against S&P Global Platts' average monthly assessment published on the calendar month in question. The swaps assessments roll monthly on the 1st of each month. So, on 31 May, M+2 represents July loading. On 1 June M+2 represents August loading.