Platts launches daily MTBE FOB China assessment

Platts, part of S&P Global Commodity Insights, has launched a daily spot assessment for Methyl tert-butyl ether (MTBE) on a FOB China basis, effective Aug. 1, 2023.

A proposal note to the industry seeking feedback was published June 9, 2023 here and a decision note on June 30, 2023 here.

The new assessment is published alongside Platts existing MTBE assessments in Asian Petrochemicalscan, the Platts real-time petrochemical service, Platts Market Center, Platts Dimensions Pro, and Platts Petrochemicals Alerts on fixed pages 203, 542, 344 and 436 under the following codes:

Symbol Currency UOMDescription

MTBEA00 USD MT MTBE FOB China

MTBEA03 USD MT MTBE FOB China MAvg

MTBEA04 USD MT MTBE FOB China WAvg

The new assessment is based on the latest information sourced from the market up to the close of the assessment process at 4:30 pm Singapore time (0830 GMT). It is published in $/mt and follows the Singapore publishing schedule.

The new assessment reflects the product with the following parameters:

Cargo size: 5,000 mt; Other traded volumes may be considered and normalized to the standard.

Quality Specifications: Minimum 98% purity MTBE, maximum 0.5% methanol, 10 ppm sulfur and 1000 ppm water content

Timing: Loading 15-30 days forward from the date of publication

Location basis: FOB China: Yantai, Dalian, Laizhou, Qingdao, Longkou, Tianjin, Dongying, Quanzhou, Weifang, Caizhou; Loading from other Chinese ports may be considered and normalized to the standard.

Credit terms: Up to L/C 30 days

Pricing information for material with other specifications and terms may be normalized to the proposed standard.

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

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.