SUBSCRIBER NOTE: Changes to all Americas petrochemicals MOC times

Following a period of feedback after a formal proposal published May 4, 2016, as well as a previous public consultation and review period, Platts will amend the time stamp reflected in its Americas daily assessments for spot benzene (PHAAE00, AAKYD00, AAIUL00, AAIUN00, AAWDA00, AAWDB00), styrene (AAIKW00, AAJLW00) and all ethylene (AAOSR00, AAOSS00) to reflect a 5 pm EST closing time. Cumene (AAQJC00) also would be reflective of the 5 pm EST closing time as benzene factors into the assessment calculation.

The change will be implemented July 1.

Additionally, following the announcement that Platts is will move all oil assessments in the Americas to reflect a 2:30 pm EST closing time, Platts Petrochemicals will change all other petrochemical assessments in the Americas to reflect the same 2:30 pm EST closing time. Platts previously announced it would amend the timestamp reflected in its Americas daily spot methyl tertiary butyl ether (PHAKY00), toluene (PHAAR00, AASMY00) mixed xylene (PHBHN00, AASMZ00) and propylene (AAIKS00, PHAXJ04, PHAAA00) assessments to reflect a 2:30 pm EST close.

Previously, all Platts assessments in these petrochemical markets for the Americas reflect a closing value of 3:15 pm EST. Platts launched a formal consultation into the closing time for its oil, petrochemicals and agriculture assessments in the Americas on January 26, 2016.

Please send all comments, feedback and questions to americaspetrochemicals@platts.com and pricemethodology@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.