SUBSCRIBER NOTE: Platts to assess ARA as basis location for NWE ethylene, propylene from Aug 17

Following extensive feedback to its proposal note published June 11, Platts confirms that it will assess Amsterdam-Rotterdam-Antwerp as basis location for its Northwest European ethylene and propylene assessments from August 17.

Platts will assess Amsterdam-Rotterdam-Antwerp as the basis location for its daily and weekly FD and CIF Northwest European ethylene and propylene assessments from August 17. Platts currently reflects the wider northwest European area without specifying a basis location within that area. Currently, the basis location is Northwest Europe.

The port of Antwerp is the biggest petrochemical hub in Europe. Rotterdam/Terneuzen/Flushing/Moerdijk are large import/throughput and trading hubs for both ethylene and propylene. Propylene pipelines connect important chemical sites in the Netherlands and Belgium. The ARG network is an ethylene pipeline network that connects the Belgian, German and Dutch chemical industry to the ports of Antwerp and Rotterdam. Several pipelines also flow from Antwerp to Terneuzen, Rotterdam, Feluy and the Rhine-Ruhr area.

Platts currently publishes assessments for FD and CIF NWE Ethylene and Propylene in the European Olefinscan and on pages PC0300 PC0308 and PC0543 respectively. Assessments to be normalized to basis ARA: Ethylene: FD NWE HPAJE00, CIF NWE PHAJD00 Propylene: Polymer grade FD NWE HPAJQ00, CIF NWE HPAJP00 Chemical grade FD NWE HPAJZ00, CIF NWE HPAJY00 Please send any comments and questions to: petchems@platts.com and copy pricegroup@platts.com.