SUB NOTE: Platts proposes to assess rebates of ethylene, propylene NWE CPs

In a move that will bring greater transparency to the olefin contract price market, S&P Global Platts proposes to publish rebates for ethylene and propylene contracts on an annual basis in Europe.

The rebates, which will be assessed by surveying major market participants, will be published on Platts Petrochemical Alert. For 2017, Platts proposes to assess annual rebates for ethylene at 14-18% and for propylene at 6-10%. These rebates would apply to a minimum size of contract of 150,000 mt/year for ethylene and 80,000 mt/year for propylene.

Meanwhile, S&P Global Platts will continue to publish the European ethylene and propylene FD NWE contract prices in order to provide all the relevant information to the market, following feedback.

Please send comments and feedback by February 10 to pricemethodology@spglobal.com and petchems@spglobal.com

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