SUBSCRIBER NOTE: Platts petrochemical assessments to reflect new China VAT from Mar 18

Effective March 18, 2019, S&P Global Platts will adjust to 13% the value added tax component of import parity calculations for April cargoes in its Asian petrochemical domestic China price assessments.

This is in line with the Chinese government's announcement on March 15, 2019 to reduce the VAT rate for the manufacturing sector from 16% to 13%, effective April 1, 2019.

Please note in future Platts will reflect the prevailing value added tax, based on any changes announced by the Chinese government.

Please submit any feedback, comments or questions to 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.