Subscriber note: Platts proposes to update delivery ports in CFR China SM assessment

Platts invites feedback on its proposal to update the ports included in the CFR China styrene monomer assessment. Under the current Platts methodology, the assessment includes deliveries to seven ports in China, namely Jiangyin, Nanjing, Nantong, Ningbo, Shanghai, Zhangjiagang and Zhenjiang. Based on initial market feedback, three of the seven ports currently included in the CFR China assessment are not frequently chosen as delivery locations. Industry sources said that spot cargoes of styrene monomer are mostly traded and delivered to Zhangjiagang and Jiangyin ports, and sporadically sold on a CFR Ningbo or CFR Nantong basis. Hence Platts proposes to exclude the Nanjing, Shanghai and Zhenjiang ports from the CFR China assessment from May 6, 2013. Please send any comments and queries to pl_asia_petchem@platts.com with a copy to pricegroup@platts.com by March 31, 2013.