Platts clarifies European xylenes contract price methodology

Platts, part of S&P Global Commodity Insights, would like to clarify its methodology for the industry-settled paraxylene and orthoxylene monthly contract prices in Europe in the event that only one settlement is reached in either market.

Platts methodology states that if there is no full settlement, Platts will publish the range of all settlements representing the lowest settlement and the highest settlement heard from market participants, with an average of these price settlements, as per industry convention.

Platts clarifies that in the event that only one settlement is reported in the market, and corroborated by a sufficient number of market participants, this settlement may be taken as the low, high and average.

Please send all comments, feedback, and questions to petchems@spglobal.com and 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.