SUBSCRIBER NOTE: Platts proposes changing US ethylene delivery timing

Platts proposes changing the basis for the US ethylene assessments from a three- to 30-day basis to current delivery month (M1) and a next delivery month (M2) effective June 1, 2014. Based on market feedback, the three- to 30-day timing window is not reflective of the US olefins spot market, as the primary delivery mechanism for ethylene in the US is via pipeline, and follows pipeline scheduling. Based on industry feedback regarding pipeline delivery scheduling, Platts proposes that current delivery month roll into next delivery month three calendar days prior to the end of the month. If this day falls on a weekend or holiday, Platts will roll its US olefins assessments to the next month on the next business day. Please direct any questions or comments to pavel.pavlov@platts.com with a copy to pricegroup@platts.com.