SUBSCRIBER NOTE: Platts proposes to launch daily east China ex-works propylene assessments

S&P Global Platts proposes to launch daily spot price assessments for propylene on an ex-works basis in east China, starting August 1, 2018.

The new propylene assessment will reflect trade activity in east China and will capture increases in trade flows in the local market. The assessments will reflect domestic cargoes assessed in Yuan, 0-10 days forward from the date of publication. The cargo size of the assessment is 100-500 mt and Platts will assess cargoes with quality specifications conforming to the Polymer grade with minimum purity of 99.6%.

Payment terms are assessed at-sight basis with cash payment or standard payment terms to apply.

Prices will be 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.

Platts is seeking feedback until June 29, with a proposed launch date of August 1, 2018.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com. 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 those not marked as confidential available on request.