SUBSCRIBER NOTE: Platts intends to launch East China, Shandong propylene assessments Aug

Singapore (Platts)--17Jul2018/155 am EDT/555 GMT S&P Global Platts intends to launch two daily, domestic China assessments with effect from August 20. The new propylene assessment will reflect trade activity in east China as well as Shandong, China and will capture increases in trade flows in the local market. The assessments will reflect domestic cargoes assessed in Yuan, 0-10 days forward from the date of publication. The cargo size of the assessment is 100-500 mt and Platts will assess cargoes with quality specifications conforming to the Polymer grade with minimum purity of 99.6%.

Payment terms are assessed at-sight basis with cash payment or standard payment terms to apply.

Prices will be based on latest information sourced from the market up to the close of the assessment window at 4:30PM Singapore time (0830 GMT) daily.

Platts will continue to research the proposal to launch daily east China and daily Shandong ex-works propylene assessments, and is extending the feedback period to July 31, 2018 with a proposed launch date of August 20, 2018.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com. Please provide a clear indication if comments are intended for publication by Platts for public viewing. Platts will consider all comments received and will make these comments available on request.