Platts resumes reflection of Chengli terminal in CFR Taiwan/China PX assessments

S&P Global Platts has resumed fully reflecting the delivery of paraxylene cargoes into the Chengli terminal at Jiangyin, China in its CFR Taiwan/China Paraxylene assessments, effective Aug. 19, 2020.

This follows Platts understanding that PX deliveries into the Chengli terminal had returned to normal.

On June 2, 2020, Platts suspended the reflection of the Chengli terminal as a delivery point in its CFR Taiwan/China PX assessments. The full subscriber note is available here: http://plts.co/go4z30qXXFu.

Platts would like to remind market participants that terminal nominations for trades published in the PX CFR Taiwan/China Market on Close assessment process be reasonably performable within the published laycan and should account for current infrastructure conditions.

Buyers should not knowingly nominate terminals that have a high probability of being unavailable for performance. Trades are subject to performance review and failure to adhere to Platts editorial guidelines can lead to a review of participation status.

Platts may track all aspects of performance on trades reported during its MOC assessment process. Platts not only focuses on the performance of the transaction at the time of trade, but also on any significant issues stemming from such trades, including logistics and eventual delivery.

Please send questions or 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 to the public upon request.