SUBSCRIBER NOTE: Platts to add laycans to Asian toluene assessments

Platts is seeking feedback on a proposal to launch three additional half-month laycans for its daily Asian toluene CFR China LC 0-30 days and LC 90 days assessments from July 1, 2016 onwards.

Assessing the fourth, fifth, and sixth half-month laycans, in addition to the existing second and third half-month laycans, will align its CFR China toluene assessments with the laycan cycles assessed for FOB Korea.

At the same time, Platts is also proposing to update the assessment calculation for the existing CFR China LC 0-30 days and LC 90 days marker, from the average of the second and third half-month laycans to the average of the third and fourth half-month laycans.

The proposed assessment methodology for CFR China is as follows: Assessment window: Daily assessments CFR China LC 0-30 days and LC 90 days based on latest information sourced from the market up to the close of the assessment window at 4:30 pm Singapore time (0830 GMT) daily. Timing: Any time during that half-month cycle Basis and locations: Dongguan, Jiangyin, Nanjing, Nansha, Ningbo, Shanghai, Zhangjiagang, Zhenjiang Cargo size: 2,000 mt Terms and conditions: LC 0-30 and 90 days credit terms Quality specification: ASTM D841 Please direct any feedback, questions, or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com by June 3, 2016. Please provide a clear indication if comments are intended for publication by Platts for public viewing. Platts will consider all comments received and will make these comments available on request.