SUBSCRIBER NOTE: Platts to launch additional Asian Toluene assessments

S&P Global Platts has decided to launch three additional half-month laycans for its daily Asian Toluene CFR China LC 0-30 days and LC 90 days assessments on August 1, 2016.

It will assess the fourth, fifth, and sixth, half month laycans, in addition to the existing second and third half-month laycans, thus aligning its CFR China Toluene assessments with the laycan cycles assessed for FOB Korea.

At the same time, Platts will update the assessment calculation for the CFR China LC 0-30 days and LC 90 days marker, from the average of the second and third half-month laycans to the average of the third and fourth half- month laycans.

The assessment methodology for CFR China will be as follows:

ASSESSMENT WINDOW: Daily assessments CFR China LC 0-30 days and LC 90 days 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.

TIMING: Any time during that half month cycle

BASIS AND LOCATIONS: Dongguan, Jiangyin, Nanjing, Nansha, Ningbo, Shanghai, Zhangjiagang, Zhenjiang

CARGO SIZE: 2,000 mt

TERMS AND CONDITIONS: LC 0-30 and 90 days credit terms

QUALITY SPECIFICATION: ASTMD 841

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