SUBSCRIBER NOTE: Platts to publish methanol in $/mt using factor of 3.33

Platts proposes to publish daily US methanol assessments in $/mt, use 3.33 as conversion factor S&P Global Platts is seeking market feedback on a proposal to publish daily US dollar/metric ton conversions of the front-month and forward-month US methanol assessments effective April 1. In addition, Platts proposes to adopt a factor of 3.33 for all methanol conversions, also effective April 4. Platts currently publishes daily front- (M1) and forward-month (M2) assessments for US methanol on an FOB USG basis in US cents/gallon, with conversions to $/mt published for the Friday spot assessments and weekly and monthly averages. These conversions are currently calculated and databased using a factor of 3.333 (333.3 gallons per metric ton). Market feedback suggests conversion factors for methanol range from 3.325-3.34, with 3.33 as the factor most widely accepted by the industry. Further, S&P Global Platts proposes to relabel the conversion calculations in its database as follows: PHACF00 -- Methanol FOB USG $/mt M1 PHMFA00 -- Methanol FOB USG $/mt M2 AAXNJ00 -- Methanol FOB USG $/mt M1 Wavg AAXNJ04 -- Methanol FOB USG $/mt M2 Wavg AAGJU00 -- Methanol FOB USG $/mt M1 Mavg As part of the proposal, codes PHACF00 and PHMFA00 would be published daily via Petrochemical Alert on Page 872 as well Fridays on Page 347 and Europe and Americas Petrochemicalscan. Codes AAXNJ00 and AAXNJ04 would continue to be published Fridays on PC347 and Europe and Americas Petrochemicalscan. Platts invites all stakeholders and interested parties to provide feedback on these proposals by March 1, 2018. Please send any comments or questions to americaspetrochemicals@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by S&P Global Platts for public viewing. S&P Global Platts will consider all comments received and will make comments not marked as confidential available upon request.