Platts corrects Jan 26 MTBE FOB Singapore rationale

Please note that Platts, part of S&P Global Commodity Insights, has corrected the Jan. 26 MTBE FOB Singapore Cargo assessment rationale.

The MTBE FOB SINGAPORE (PHALF11) assessment rationale for Jan. 26 should read as follows:

Platts assessed Asian MTBE FOB Singapore up $10/mt on the day at $910/mt Jan. 26, while the MTBE FOB Singapore factor was unchanged at 1.104.

The FOB Singapore marker takes the pricing average of cargoes loading 15-40 days forward, currently over Feb 10-March 6, which was assessed on an unchanged backwardation of $15.50/mt Jan. 26.

The FOB China marker was assessed unchanged on the day at $830/mt Jan. 26 amid no relevant information heard.

Meanwhile, a trade was heard done at FOB China at $830/mt for March loading of 10,000 mt, a selling indication at FOB China at $845/mt for the second-half March loading of 10,000 mt, and a buying indication at $830/mt for H1 March loading of 10,000 mt.

The FOB China marker takes the pricing average of cargoes loading 15-30 days forward, currently over Feb. 10-25.

Exclusions: No market data was excluded from the Jan. 26 MOC.

This rationale is published on fixed pages PCA 203, 542, 344 and 436 and in the Asia Petrochemicalscan.