20 Jan 2020 | 15:47 UTC — New York

Platts to change rounding for LPG assessments

S&P Global Platts will standardize the rounding of its European LPG assessments to the nearest 25 cents/mt with effect from February 10, 2020.

The propane and butane assessments currently round to the nearest 25 cents/gal or $1/mt. This revised standardization would allow for greater precision in Platts assessments across the LPG complex, which aligns with observed trading conventions.

The assessments affected by these proposed changes are:

PROPANE

Assessment name
Code
Propane CIF NWE Large Cargo
PMABA00

BUTANE

Assessment name
Code
Butane FOB NWE Seagoing
PMAAL00
Butane CIF NWE Seagoing
PMAAJ00
Butane FOB West Med Coaster
PMAAM00

This decision follows a period of industry feedback. This change was first proposed in a note published December 3: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/122719-platts-proposes-rounding-changes-for

Please send any comments or feedback to europe_products@spglobal.com with a cc: to pricegroup@spglobal.com

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