Platts proposes to launch daily MTBE FOB China assessments

Platts, part of S&P Global Commodity Insights, proposes to launch daily spot assessments for methyl tert-butyl ether (MTBE) FOB China, effective Aug. 1.

The proposed assessment would be based on the latest information sourced from the market up to the close of the assessment process at 4:30 pm Singapore time (0830 GMT). It would be published in $/mt and follow the Singapore publishing schedule.

The proposed assessments would reflect the product with the following parameters:

Cargo size: 5,000-10,000 mt

Quality specifications: Minimum 98% purity MTBE, maximum 0.5% methanol, 10 ppm sulfur and 1000 ppm water content

Timing: Loading 15-30 days forward from the date of publication

Location basis: FOB China: Yantai, Dalian, Laizhou, Qingdao, Longkou, Tianjin, Dongying, Quanzhou, Weifang, Caizhou; Loading from other Chinese ports such as Zhuhai, Huizhou, Dongguan, Maoming may be normalized to northern and northeastern ports for the assessment.

Credit terms: Up to L/C 30 days

Pricing information for material with other specifications and terms may be normalized to the proposed standard.

The proposed assessments would be published alongside Platts' existing MTBE assessments in Asian Petrochemicalscan, the Platts real-time petrochemical service, Platts Market Center, Platts Dimensions Pro, and Platts Petrochemicals Alerts on fixed pages 203, 542, 344 and 436.

Please send all comments, feedback and questions to petchems@spglobal.com and pricegroup@spglobal.com by June 26, 2023.

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