SUBSCRIBER NOTE: Platts to publish rebates for ethylene, propylene contracts in Europe

To bring greater transparency to the olefin contract price market, S&P Global Platts will publish rebates for ethylene and propylene contracts on an annual basis in Europe from March 27.

The rebates, which will be assessed by surveying major market participants, will be published on Platts Petrochemical Alert.

For 2017, Platts will assess annual rebates for ethylene at 14%-18% and for propylene at 6%-10%.

These rebates would apply to a minimum size of contract of 150,000 mt/year for ethylene and 80,000 mt/year for propylene.

Please send comments and feedback to pricemethodology@spglobal.com and petchems@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will make comments not marked as confidential available upon request.