Platts proposes changing CFR India SM assessment credit terms to L/C 90 days

S&P Global Platts is proposing to change the credit terms for its weekly CFR India styrene monomer assessment to reflect letter of credit (L/C) 90 days from May 3, 2021.

Currently, the weekly CFR India styrene monomer assessment reflects credit terms of L/C 30 days. Platts understands that a vast majority of spot trades into India have moved to basis L/C 90 days. Bids, offers and trade indications on other credit terms will be normalized to the proposed standard.

Platts publishes CFR India styrene monomer in $/mt at the close of Asian trade at 4:30 pm Singapore time (0830 GMT), every Friday.

The affected assessment is published on Platts Petrochemical Alert fixed pages 340, 412 and 449, on the Platts Market Center, in the Asian Petrochemical Scan or APS and in the Platts database under the codes listed below.

Assessment Weekly Code Monthly Average

Weekly CFR India AABAA00 AABAB00

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