Platts to change non-aromatics content in European mixed xylene assessments to maximum 3%

Following a period of consultation, S&P Global Platts will increase the maximum non-aromatics content allowed in its European mixed xylene assessments to maximum 3%. The change will take effect on April 24, 2020.

Based on market feedback, Platts understands that market participants consider material with a maximum non-aromatics content up to 3% to be widely traded on a CIF ARA basis.

Furthermore, Platts understands that a significant proportion of mixed xylene delivered into the ARA region does not consistently meet a maximum 2% non-aromatics content.

As a result of this feedback, Platts has decided to change the maximum non-aromatics content in its mixed xylene assessments from 2% to 3%.

Material with differing non-aromatics content will be normalized to maximum 3%.

All other specifications remain unchanged.

Starting on April 24, 2020, Platts will reflect the following MX specifications:

Platts proposed the specification change on December 6, 2019, in a subscriber note available here: http://plts.co/MzAh30qkvxy

This was followed by a subscriber note published on January 16, 2020, extending the feedback period: http://plts.co/4u1630qkvxl

For further comments or queries, please contact 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.