SUBSCRIBER NOTE: Platts to revise FOB Korea, CFR Taiwan/China PX marker assessments

S&P Global Platts will move the three half-month marker laycans in the FOB Korea and CFR Taiwan/China paraxylene assessments forward by a half-month, simultaneously removing the prompt half-month laycan from the marker, from January 2, 2018.

For example, on January 2, 2018, the laycans for the FOB Korea and CFR Taiwan/China PX markers would be the second half of February (H2 Feb), H1 March and H2 March. On January 16, 2018, the marker laycans would be H1 March, H2 March and H1 April.

As a result of this change, Platts will assess an additional half-month forward laycan, which Platts has proposed to launch from July 3, 2017. All existing laycans would still be assessed and published, but the CFR marker will contain only laycans where buyers have a multiport option.

The oracle codes that comprise the marker laycans in the Platts database are: AAQNC00, AAQND00, and AAXHF00 for FOB Korea; AAXHH00, AAXHI00, and AAXHJ00 for CFR Taiwan/China.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com.

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