SUBSCRIBER NOTE: Platts clarifies European polymer contract price assessments

Effective February 26, Platts will further define the parameters reflected in its European polymer contract price assessments.

Platts currently states its monthly polymer contract price assessments in Europe reflect gross and/or net prices negotiated between contract parties for corresponding monthly deliveries.

Platts defines a contract price as one negotiated against an annual commitment to supply or procure regular monthly volumes.

Platts may use information on all contractually agreed volumes to form the basis of its assessments, although assessments will be normalized to reflect contractual commitments of 3,000-6,000 mt/year.

Platts considers all reported information that may be verified including, but not limited to, price deltas.

The governing factor in the price assessments, however, is to reflect the negotiated and mutually agreed absolute price.

Platts will change the methodology to reflect this on February 26, 2015.

Please send any feedback and questions to petchems@platts.com and pricegroup@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.