SUBSCRIBER NOTE: Platts launches additional Asian Toluene assessments

S&P Global Platts has launched three additional half-month laycans for its daily Asian Toluene CFR China LC 0-30 days and LC 90 days assessments on August 1, 2016.

It now assesses the fourth, fifth, and sixth, half-month laycans, in addition to the previous second and third half-month laycans, thus aligning its CFR China Toluene assessments with the laycan cycles assessed for FOB Korea.

As a result, Platts has updated the assessment calculation for the CFR China LC 0-30 days and LC 90 days markers, from the average of the second and third half-month laycans to the average of the third and fourth half-month laycans.

The assessment methodology for CFR China is as follows:

ASSESSMENT WINDOW: Daily assessments CFR China LC 0-30 days and LC 90 days based on latest information sourced from the market up to the close of the assessment window at 4:30 pm Singapore time (0830 GMT) daily.

TIMING: Any time during that half-month cycle

BASIS AND LOCATIONS: Dongguan, Jiangyin, Nanjing, Nansha, Ningbo, Shanghai, Zhangjiagang, Zhenjiang

CARGO SIZE: 2,000 mt

TERMS AND CONDITIONS: LC 0-30 and 90 days credit terms

QUALITY SPECIFICATION: ASTMD 841

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