CORRECTED SUBSCRIBER NOTE: Platts to move MOC time for some Americas petchems

(Adds date when changes will take place)

Following a period of feedback after a formal proposal published May 4, 2016, as well as a previous public consultation and review period, Platts has decided to amend the time stamp reflected in its Americas daily assessments for spot benzene (PHAAE00, AAKYD00, AAIUL00, AAIUN00, AAWDA00, AAWDB00), styrene (AAIKW00, AAJLW00), and all ethylene (AAOSR00, AAOSS00) to reflect a 5 pm EST closing time. Cumene (AAQJC00) also would be reflective of the 5 pm EST closing time as benzene factors into the assessment calculation. Changes will take place beginning July 1.

Additionally, following the announcement that Platts is will move all oil assessments in the Americas to reflect a 2:30 pm EST closing time, Platts Petrochemicals has decided to change all other petrochemical assessments in the Americas to reflect the same 2:30 pm EST closing time beginning July 1.

Currently, all Platts assessments in these petrochemical markets for the Americas reflect a closing value of 3:15 pm EST. Platts launched a formal consultation into the closing time for its oil, petrochemicals and agriculture assessments in the Americas on January 26, 2016.

Please send all comments, feedback and questions to americaspetrochemicals@platts.com and pricemethodology@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.