Platts launches new FOB China styrene monomer assessments July 1

Platts, part of S&P Global Commodity Insights, has started publishing new daily assessments for styrene monomer on FOB China basis from July 1, 2022.

This follows Platts observation of an increase in SM exports from Chinese ports over the last two years.

Platts first proposed launching the new assessments in a subscriber note published May 11: http://plts.co/FLVf30skhqw.

The new assessments, in $/mt, reflects 3,000-5,000 mt SM cargoes loading from Jiangyin, Nantong, Zhangjiagang and Changshu in East China in the second and third half-month forward cycles from the date of publication. The assessments also reflects bids, offers and trades on a letter of credit at sight basis, and quality specifications conforming to latest edition of international standard ASTM D-2827.

Platts will take into consideration price information sourced from the market up to the close of the assessment process at 4:30 pm Singapore time (0830 GMT) for the new FOB China SM assessments. The assessments follows the Singapore publishing schedule.

Platts will also take into consideration price information for cargoes of other sizes loading from other Chinese ports, including north China ports, as well as non-standard credit usance, and will normalize them to the standard for the assessment.

The assessments and its associated symbols appear in Asian Petrochemicalscan, Platts Petrochemical Alert pages 340, 215, 412, 413, 542, 449 and 436, and in the Platts price database under the following codes:

Assessment Code

Styrene Monomer FOB China Marker STYFC00

Styrene Monomer FOB China Marker MAvg STYFC03

Styrene Monomer FOB China Marker WAvg STYFC04

Styrene Monomer FOB China W2 STYFD00

Styrene Monomer FOB China W3 STYFE00

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

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