Platts discontinues toluene CFR China LC 0-30 days assessments from Aug. 14

S&P Global Platts has discontinued the publication of the toluene CFR China LC 0-30 days assessments from August 14, 2020.

Platts has observed a significant decline in the use of 0-30 days letter of credit in the CFR China toluene market in recent years, with the bulk of market participants in China preferring to trade on a 90-day L/C basis. A 90-day L/C credit term gives importers in China a longer time period to make the final payment, and provides more flexibility for back-to-back trades.

Platts first proposed the discontinuation of the CFR China LC 0-30 days toluene assessments in a subscriber note published on April 17, 2020. (https://bit.ly/3f6QHtz).

These assessments appear in the Asian Petrochemicalscan, and on Platts Petrochemical Alert pages 542, 218, 235, 326, 413 and 449 and in the Platts price database under the following codes:

Assessment name Code

Toluene CFR China LC 0-30 days AAOTQ00

Toluene CFR China H1 M1 LC 0-30 days AASEC00

Toluene CFR China H1 M2 LC 0-30 days AASEF00

Toluene CFR China H1 M3 LC 0-30 days AASEJ00

Toluene CFR China H2 M1 LC 0-30 days AASED00

Toluene CFR China H2 M2 LC 0-30 days AASEG00

Toluene CFR China $/mt (LC 0-30 days) weekly average AASEE01

Toluene CFR China $/mt (LC 0-30 days) monthly average AAOTQ03

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