SUBSCRIBER NOTE: Platts clarifies NWE aromatics monthly contract price methodology

Platts clarifies the methodology wording of its Northwest European aromatics monthly contract price publications to reflect that in the event of split settlements Platts will publish an average of the prices.

Platts defines a split settlement as one where at least two independent buyers and two independent sellers settle at different price levels.

Platts publishes aromatics MCPs under the oracle codes: AAKJB00 (Benzene CIF ARA Eur/mt) and AAPZE00 (Benzene CIF ARA $/mt), AAVXH00 (Styrene monomer FOB ARA Eur/mt), HPABJ00 (Orthoxylene FD NWE Eur/mt) and AALHZ00 (Paraxylene FD NWE Eur/mt).

These publications appear on Platts Petrochemical Alert and in the Europe and Americas Petrochemicalscan.

Please send any comments or questions to petchems@platts.com and pricemethodology@platts.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.