Platts to launch daily MTBE FOB China assessment

Platts, part of S&P Global Commodity Insights, has decided to launch a daily spot assessment for Methyl tert-butyl ether (MTBE) on a FOB China basis, effective Aug. 1.

The assessment was first proposed June 9 in a subscriber note here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/060923-platts-proposes-to-launch-daily-mtbe-fob-china-assessments

The assessment will be based on information sourced from the market up to the close of the assessment process at 4:30 pm Singapore time (0830 GMT).

It will be published in $/mt and follow the Singapore publishing schedule.

The proposed assessment will reflect the product with the following parameters:

Cargo size: 5,000 mt; Other traded volumes may be considered and normalized to the standard.

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 may be considered and normalized to the standard.

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 new assessment will 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 under the following codes:

Symbol Currency UOMDescription

MTBEA00 USD MT MTBE FOB China

MTBEA03 USD MT MTBE FOB China MAvg

MTBEA04 USD MT MTBE FOB China WAvg

Please send all comments, feedback, and questions to petchems@spglobal.com and pricegroup@spglobal.com.