Platts changes frequency of Asian aromatics freight assessments to weekly from daily

S&P Global Platts changes the frequency of its aromatics freight assessments from daily to weekly, effective July 1, 2019.

Symbol

Pasir Gudang-Singapore 3,000 mt AAVCG00

Map Ta Phut-Singapore 3,000 mt AAVCI00

Map Ta Phut-Taiwan 3,000 mt AAVCJ00

Map Ta Phut-India 3,000 mt AAVCK00

MidEast-East China 10,000-12,000 mt ABMCA00

MidEast-India 10,000-12,000 mt ABMIA00

MidEast-Southeast Asia 10,000-12,000 mt ABMSA00

MidEast-India 2,000-3,000 mt AAVCT00

MidEast-Southeast Asia 5,000-7,000 mt AAVCV00

India-East China 3,000 mt AAVCX00

India-Indonesia 5,000-7,000 mt AAVCY00

India-East China 5,000-7,000 mt AAVCZ00

India-Pakistan 5,000-7,000 mt AAVDA00

India-Middle East 5,000-7,000 mt AAVDB00

The daily assessments are published on Spot freight to/from Southeast Asia (PCA642), Spot freight from Middle East (PCA643) and Spot freight from India (PCA644) have been changed to weekly assessments to be published on Fridays.

The change in publication frequency was done based on market feedback and observation that weekly assessments would better reflect the changes in the affected freight rates.

Platts first proposed the frequency change on February 18, 2019 (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/021819-platts-to-change-aromatics-freight-assessments-to-weekly-frequency).

Please direct any questions or comments to petchems@spglobal.com, with a copy to pricegroup@spglobal.com.

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