Platts to launch MTBE FOB ARA spread to Eurobob gasoline front-month swap

Following market consultation, S&P Global Platts will launch a daily European MTBE spread to the Eurobob gasoline front-month financial derivative, effective March 31, 2020.

The spread will better capture the relationship between the European MTBE and Eurobob gasoline markets and will complement Platts existing MTBE to gasoline physical factor.

The assessment was first proposed on February 14 in a subscriber note available here: https://bit.ly/3cr6VfX

The calculated value will be Platts daily MTBE FOB ARA spot assessment (PHALA00) minus Platts Eurobob gasoline FOB AR barge financial M1 assessment (AAQZV00).

Platts daily MTBE assessments currently include MTBE FOB ARA ($/mt) and the MTBE FOB ARA factor.

The assessment will be published on Platts Petrochemical Alert page PCA0318 and Platts Biofuel Alert page PBF1410 with weekly averages published on pages PC0342, PC0233, PB1011 and PB1411. The assessment will also appear in Europe & Americas Petrochemicalscan, and in Platts price database under the following symbol MTPRA00

Please direct any questions or comments to petchems@spglobal.com with copy to pricegroup@spglobal.com.

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