26 Aug 2022 | 02:52 UTC

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

Platts, part of S&P Global Commodity Insights, has started publishing Asia/open origin spread assessments for Asia paraxylene CFR Taiwan/China on Aug. 26, 2022.

Platts has also launched 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 is publishing 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.

Platts first announced the planned launch in a subscriber note published Aug. 11: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/081122-platts-to-launch-asiaopen-spread-assessments-for-cfr-taiwanchina-paraxylene-aug-26.

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

These new assessments are published on Platts Petrochemical Alert page 214, 337 and Platts Asian Petrochemicalscan under the following price database codes:

Assessment Code

Paraxylene CFR Taiwan/China Asia/open spread M1 APARA00

Paraxylene CFR Taiwan/China Asia/open spread M2 APARB00

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.