Platts to launch Asia/open spread assessments for CFR Taiwan/China paraxylene Aug. 26

Platts, part of S&P Global Commodity Insights, will start publishing Asia/open spread assessments for Asia paraxylene CFR Taiwan/China from Aug. 26, 2022.

Platts will also launch new instruments for Asia/open spreads on the Platts Editorial Window, or eWindow, communication tool for the Asia paraxylene CFR Taiwan/China Market on Close assessment process on Aug. 26, 2022.

The launch of these daily spread assessments follows market feedback indicating an increasing need for pricing transparency in the Asia paraxylene market.

Platts will publish Asia/open spread assessments, which reflect the difference in value between Asia-origin and open-origin cargoes, for the two calendar months reflected in the daily CFR Taiwan/China marker assessment.

For example, on Aug. 26, the daily CFR Taiwan/China marker will average the means of the assessed high-low ranges for H1 October, H2 October and H1 November. Platts will publish Asia/open spread assessments for October and November.

The Asia/open spread assessments will be published in $/mt, and will follow the Singapore publishing schedule.

The Asia/open spread assessments will be published on Platts Petrochemical Alert page 214, page 337 and Asian Petrochemicalscan.

Please send all feedback and comments 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.