SUBSCRIBER NOTE: Platts to assess East/West naphtha at 16:30 London time

Following a review of feedback, Platts confirms that it will publish assessments of the East/West naphtha swap spreads at 16:30 London time, with effect from June 1, 2015. The East/West naphtha swap spread will represent the difference between the comparable month's Mean of Platts Japan naphtha and the naphtha Northwest Europe CIF cargo swaps. Platts initially proposed these assessments in a note published on March 12, 2015.

Platts will add these assessments to its existing naphtha derivative suite in order to enhance its coverage of the naphtha market and better represent the key arbitrage route between Europe and Asia.

The new price assessments will cover three calendar months forward from the date of publication. Platts will publish bids, offers and interest to trade the East/West naphtha spread in the Platts Market on Close assessment process.

Platts will publish these assessments in US dollars per metric ton.

Platts expects to publish these new assessments on PFC Europe, with page number and market database symbols to be announced in due course.

Platts welcomes any further comments and queries to europe_products@platts.com and pricegroup@platts.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.