SUBSCRIBER NOTE: Platts extends feedback period for Asian PX revisions

S&P Global Platts is extending the feedback period for information around trading activity at berths in ports with specific restrictions and/or implied optionality, which may no longer form part of the CFR Taiwan/China Asia paraxylene assessment process, to May 25, 2017 following a request from industry participants.

For example, terminals which cannot receive vessels larger than 10,000 dwt may be deemed restrictive and excluded from the assessment process. The volume standard for assessment will remain 5,000 mt.

Platts clarifies that Taiwan and China remain basis locations for the CFR Taiwan/China marker.

Finally, Platts proposes to set the standard credit terms for Asian PX on a CFR Taiwan/China basis at 30 days letter of credit for cargoes shipping from Northeast Asia and Southeast Asia, with cargoes offered from other regions or on other terms normalized to a 30-day LC using prevailing interest rates and credit costs.

Platts is proposing a launch date of July 3, 2017.

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

Please provide a clear indication if comments are intended for publication by Platts for public viewing.

Platts will consider all comments received and will make these comments available on request.