Family: BFA BPI

Index: P5TC

Category: Guidance to Panellists

 

Dear BPI BFA Panellists,

 

Further to our previous notices, from 30th June the Baltic will ask Panellists to assess the BPI BFA curves using the BPI82 vessel for the P5TC and associated routes. 

 

Current assessments:

 

Panellist Assesses

Differential

Applied

Baltic Calculates

P4TC

+1,336

P5TC

P1A

+1,284

P1A_82

P2A

+1,489

P2A_82

P3A

+1,302

P3A_82

 

From 30th June:

 

Panellist Assesses

Differential

Applied

Baltic Calculates

P5TC

-1,336

P4TC

P1A_82

-1,284

P1A

P2A_82

-1,489

P2A

P3A_82

-1,302

P3A

 

When providing your assessments on Monday 30th June 2025 please ensure you are using the correct differential.   If you have any questions, please let us know.

 

The Baltic will cease publishing the P4TC derived physical rate and curves at end of this year, with CCPs managing the transfer of Open Interest.  The P4TC will still be available from the Baltic for those companies with a settlement licence.

 

The most recent market circular is here.