Platts makes changes to European mixed xylenes and toluene MOC maximum increments

Effective March 2, 2020, S&P Global Platts has amended its Europe petrochemicals increment guidelines for the European mixed xylenes and toluene Market on Close assessment process.

Platts launched a formal consultation into these guidelines on December 17, 2019 in a subscriber note available here: plts.co Platts outlined changes to the guidelines on January 31, 2020 in a subscriber note available here: plts.co Platts has changed the maximum price spread increment for MX CIF ARA and toluene CIF ARA bids and offers to $1/mt per 1 minute to align with guidelines for MX CIF ARA and toluene CIFA ARA outright price increments. The changes apply to MX and toluene spreads over Eurobob gasoline. The minimum increment of $0.25/mt per 1 minute for MX and toluene remains unchanged. Platts petrochemicals timing and increment guidelines can be found at: plts.co. For further comments or queries, please contact petchems and pricegroup Please provide a clear indication if written 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.