Platts proposes to launch CFR China methanol derivative assessments Oct 3

Platts, part of S&P Global Commodity Insights, is proposing to start publishing daily CFR China methanol derivative assessments, providing greater price transparency for the methanol market, effective Oct. 3, 2022.

The proposed methanol derivative assessments would reflect transactions of a minimum of 1,000 mt. These derivatives settle on the average of the physical Platts methanol CFR China marker (price database code AAWAZ00). The assessments would be published in $/mt.

Platts would publish derivative assessments for six forward months from the month of publication, and would roll them on the first business day of the calendar month. For example, on Oct. 3, 2022, Platts would be assessing November, December, January, February, March and April. On Nov. 1, 2022, Platts would be assessing December, January, February, March, April and May.

The proposed methanol derivative assessments would reflect the value of both uncleared and cleared instruments.

Platts would take into consideration the latest information sourced from the market up to the close of the Market on Close assessment process at 4:30 pm Singapore time (0830 GMT) for the new derivatives assessments. The new assessments would follow the Singapore publishing schedule.

Please send all feedback, comments or questions to petchems@spglobal.com and pricegroup@spglobal.com by Sept. 1, 2022. 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 these comments available on request.