Platts proposes changing CFR India toluene assessment credit terms to L/C 90 days

S&P Global Platts is proposing to change the credit terms for its daily CFR India toluene assessment to reflect letter of credit (L/C) 90 days, from July 1, 2021.

Currently, the daily CFR India toluene assessment reflects credit terms of L/C 30 days.

Platts understands that a vast majority of spot trades into India have moved to basis L/C 90 days.

Bids, offers and trade indications on other credit terms will be normalized to the proposed standard.

Platts publishes CFR India toluene outright price and its cash differentials in $/mt at the close of Asian trade at 4:30 pm Singapore time (0830 GMT) daily.

The affected assessment is published on Platts Petrochemical Alert fixed pages PCA 218, 326, 235, 436 and 449, on the Platts Market Center, in the Asian Petrochemical Scan (APS), The Petrochemicals Service on the Platts Platform and in the Platts database under the codes listed below.

Assessment Daily Weekly Monthly average

Toluene CFR India AAVBQ04 AATBQ04 AAVBQ03

Toluene CFR India cash differential AATBR00 AATBR03

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