Platts launches MTBE FOB ARA spread to Eurobob gasoline front-month swap

Effective March 31, 2020, S&P Global Platts has launched a daily assessment for the European MTBE spread to the Eurobob gasoline front-month financial derivative, following a period of market research and outreach.

The spread will better capture the relationship between the European MTBE and Eurobob gasoline markets and complements Platts existing MTBE factor to gasoline physical.

The assessment was first proposed on February 14, 2020, in a subscriber note available here: https://bit.ly/3cr6VfX

The new assessment was confirmed on March 3, 2020, in a subscriber note available here: https://bit.ly/2vNqVsM

Platts clarified the gasoline symbol used to calculate the spread on March 30, 2020, in a subscriber note available here: https://bit.ly/2Urpqdp

The spread calculation reflects Platts daily MTBE FOB ARA spot assessment (PHALA00) minus Platts Eurobob gasoline FOB AR barge financial M1 assessment (ABWFC00).

Platts daily MTBE assessments also include MTBE FOB ARA ($/mt) and the MTBE FOB ARA factor.

The spread assessment is published on Platts Petrochemical Alert page PCA0318 and Platts Biofuel Alert page PBF1410 with weekly averages published on pages PC0342, PC0233, PB1011 and PB1411. The assessment also appears in Europe & Americas Petrochemicalscan and in Platts price database under the following symbol:

MTPRA00 MTBE FOB ARA spread to EBOB FOB AR Swap

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

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