Platts proposes to discontinue toluene CFR China LC 0-30 days assessment Aug 3

S&P Global Platts is proposing to discontinue its daily toluene CFR China LC 0-30 days assessment, effective August 3, 2020.

Platts has observed a significant decline in the use of 0-30 day Letters of Credit in the CFR China toluene market in recent years, with the bulk of market participants in China preferring to trade on a 90 day Letter of Credit basis. A 90 day Letter of Credit gives importers in China a longer time period to make the final payment, and provides more flexibility for back-to-back trades.

Platts already publishes a daily toluene CFR China LC 90 day assessment, and intends to continue doing so.

The prices affected by the proposed discontinuation are:

Assessment name Code

Toluene CFR China LC 0-30 days AAOTQ00

Toluene CFR China H1 M1 LC 0-30 days AASEC00

Toluene CFR China H1 M2 LC 0-30 days AASEF00

Toluene CFR China H1 M3 LC 0-30 days AASEJ00

Toluene CFR China H2 M1 LC 0-30 days AASED00

Toluene CFR China H2 M2 LC 0-30 days AASEG00

These prices are currently published in the Asian Petrochemicalscan, on fixed pages PCA 542, PCA 218, PCA 235, and PCA 326 in the Platts price database under the codes above.

Please send any questions or comments to petchems,, and pricegroup, by May 8, 2020.

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