SUBSCRIBER NOTE: Platts to launch forward domestic China styrene assessments Feb 1

S&P Global Platts will launch daily forward domestic China styrene assessments on February 1, 2018. The new assessments reflect increased interest from market participants in view of growing Chinese styrene demand, amid planned domestic SM capacity expansions.

The forward domestic China styrene assessments will comprise two markers, the East China Bal-M1 marker and the East China M2 marker.

The East China Bal-M1 marker will reflect prices of cargoes in Yuan loaded within the current calendar month on the date of publication.

The East China M2 marker will reflect prices of cargoes in Yuan loaded within the second calendar month from date of publication.

Platts proposes to assess on an ex-tank loading basis out of three main ports located in East China -- Zhangjiagang, Jiangyin and Changzhou.

The minimum volume assessed will be 500 mt and the maximum volume 1,000 mt, in line with the standard parcel sizes traded in the Chinese domestic market.

Platts will consider cargoes transacted on standard credit terms as per market practice, as agreed between counterparties.

Prices are based on latest information sourced from the market up to the close of the assessment window at 4:30 pm Singapore time daily.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make those not marked as confidential available upon request.