Platts invites feedback on timing change for CFR China SM assessment

Platts invites industry feedback on plans to change the daily CFR China marker for styrene monomer as published on PCA 215 to reflect the mean of the third and fourth half-month forward assessment ranges (second and third half-month forward published assessment cycle.) by June 1, 2012.

Currently, daily CFR China markers average the mean of the second and third half-month forward assessment ranges (first and second half-month forward published assessment cycle.) The change would bring the CFR China marker assessment in line with Platts' existing FOB Korea benchmark.

Daily FOB Korea assessment evaluates cargoes for delivery in second, third, fourth and fifth half-month forward cycles. Each half-month assessment cycle covers 15 or 16 days. All half-month cycles are rolled forward on the 1st and 16th day of each calendar month. For example, on March 1, 2012, the half-month cycles assessed would be H2 March, H1 April, H2 April and H1 May

Please send any queries or comments by April 3, 2012 to Gustav Holmvik, gustav_holmvik@platts.com or Ihsan Rahim at ihsan_rahim@platts.com with a copy to petchems@platts.com and pricegroup@platts.com.