Platts launches new Asian aromatics freight assessments

S&P Global Platts launches the following new freight assessments for liquid petrochemical products, effective July 1, 2019.

The assessments are launched based on market feedback and observation of relevant shipping routes and cargo sizes.

Symbol

Daily Weekly

Singapore-Indonesia 2,000 mt-3,000 mt ABXPA03 ABXPA04

Singapore-WC India 2,000 mt-3,000 mt ABXPB03 ABXPB04

Singapore-East China 5,000 mt-6,000 mt ABXPC03 ABXPC04

Middle East-Taiwan 10,000 mt-12,000 mt ABXPD03 ABXPD04

The following existing assessments are being changed from a cargo size range of 5,000-12,000 mt, to a cargo size range of 10,000-12,000 mt, based on market feedback indicating that larger cargo sizes are more common on these routes.

The change is effective from July 1, 2019.

From To Symbol

USGC Korea AAVCC00

USGC Taiwan AAVCD00

USGC East China AAVCE00

The following existing assessment has been changed from a cargo size range of 2,000-3,000 mt to a cargo size range of 10,000-12,000 mt, based on market feedback indicating that a larger cargo size is more common on this route.

The change is effective from July 1, 2019.

From To Symbol

Korea USGC AAVBY00

S&P Global Platts liquid petrochemical assessments refer to assessed freight rates for benzene, toluene, xylenes, methanol, MTBE, styrene monomer and MEG, unless otherwise specified.

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

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