Platts proposes to launch new FOB China styrene monomer assessment July 1

Platts, part of S&P Global Commodity Insights, is proposing to start publishing a new daily assessment for styrene monomer (SM) on FOB China basis from July 1, 2022.

This follows Platts observation of an increase in SM exports from Chinese ports over the last two years.

The proposed assessment, in $/mt, will reflect 3,000-5,000 mt SM cargoes loading from Jiangyin, Nantong, Zhangjiagang and Changshu in East China in the second and third half-month forward cycles from the date of publication. The assessment will also reflect bids, offers and trades on a letter of credit at sight basis, and quality specifications conforming to latest edition of international standard ASTM D-2827.

Platts will take into consideration price information sourced from the market up to the close of the assessment process at 4:30 pm Singapore time (0830 GMT) for the new FOB China SM assessment.

Platts will also take into consideration price information for cargoes of other sizes loading from other Chinese ports, as well as non-standard credit usance, and will normalize them to the proposed standard for the assessment.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricegroup@spglobal.com by May 27, 2022.

For written comments, please provide a clear indication if they 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.