Platts launches daily Europe PTA FD NWE spot price assessment, discontinues Europe PTA contract price calculation

Platts, part of S&P Commodity Insights, has launched a new daily purified terephthalic acid spot price assessment and discontinued its European purified terephthalic acid contract price calculations effective June 3.

To continue providing insight into the PTA market in Europe, Platts has introduced a daily European PTA spot assessment. The assessment is derived by multiplying the daily spot paraxylene price (AAILD00) by 0.66 and adding an assessed premium.

The symbols are as follows:

The symbols appear on the fixed page PCA589 on Platts Market Centre and in the Polymerscan publication.

A decision note on the discontinuation of the European PTA contract price was published on April 30: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/043024-platts-to-discontinue-european-pta-contract-price-calculation-launch-spot-assessment

The PTA contract price discontinuation followed Platts' decision to discontinue the European paraxylene monthly contract price on May 31.

Platts published a discontinuation note on the PX contract price on May 31: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/053124-platts-discontinues-publication-of-monthly-european-px-contract-price

The symbols impacted by the discontinuation are the PTA FD NWE Monthly CP Eur/mt - AACVW00, and the PTA FD NWE Monthly CP monthly average- AACVX00.

These previously appeared on the fixed page PCA589 on Platts Market Centre and in the Polymerscan publication.

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