SUBSCRIBER NOTE: Platts proposes to assess east/west Naphtha swap spread at 4:30 pm London time

Platts proposes to publish assessments of the east/west Naphtha swap spreads at 4:30 pm London time, with effect from June 1, 2015.

The east/west naphtha swap spread would represent the difference between the comparable month's Mean of Platts Japan naphtha and the naphtha Northwest Europe CIF cargo swaps.

Platts would add these assessments to its existing naphtha derivative suite to enhance its coverage of the naphtha market and better represent the key arbitrage route between Europe and Asia.

The new price assessments would cover three calendar months forward from the date of publication.

Platts would publish bids, offers and interest to trade the East/West Naphtha Spread in the Platts Market on Close assessment process.

Platts would publish these assessments in US dollars per metric tons.

Platts expects to publish these new assessments on PFC Europe, with a page and market database symbols to be announced in due course.

Platts welcomes all comments and queries to europe_products@platts.com and pricegroup@platts.com. Please send comments and queries by April 1.

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.