S&P Global clarifies on Russian-origin material in FOB ARA MTBE barge MOC

S&P Global Commodity Insights would like to clarify that its Platts petrochemical price assessments reflect merchantable material in the physical spot market.

Platts has observed that, for a significant portion of the European MTBE spot market, material of Russian origin is not currently deemed merchantable on the same basis as other production regions.

As such, Platts assessments of European MTBE will no longer reflect Russia-origin product, effective immediately. All bids, offers and trades in the Platts Market on Close assessment process for European MTBE markets will no longer reflect Russia-origin material.

In performance of trades reported in the MOC, required documentation proving the origin of the material should not be unreasonably withheld.

This clarification applies to the following MTBE assessments:

PHALA00 Platts MTBE FOB ARA

PHALA04 Platts MTBE FOB ARA WAvg

PHBFZ03 Platts MTBE FOB ARA MAvg

MTPRA00 Platts MTBE FOB ARA spread to EBOB FOB AR Swap

MTPRA04 Platts MTBE FOB ARA spread to EBOB FOB AR Swap WAvg

MTPRA03 Platts MTBE FOB ARA spread to EBOB FOB AR Swap MAvg

PHALA02 Platts MTBE FOB ARA Factor

PHALA14 Platts MTBE FOB ARA Factor WAvg

PHALA03 Platts MTBE FOB ARA Factor MAvg

AAWLE00 Platts MTBE FOB ARA (cents/gal)

Further information on Platts consideration of merchantability can be found in the following subscriber note, published March 2, 2022: https://www.spglobal.com/commodity-insights/en/our-methodology/subscriber-notes/030222-further-guidance-on-sanctions-embargoed-material-in-s-p-global-commodity-insights-platts-price-assessment-processes

Please send all feedback, comments or questions to petchems@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by S&P Global for public viewing. S&P Global will consider all comments received and will make comments not marked as confidential available to the public upon request.