SUBSCRIBER NOTE: Platts launches Toluene CIF ARA daily assessments

S&P Global Platts has launched daily CIF ARA toluene price assessments, effective Friday, September 1.

The assessments reflect spot 99.9% purity material traded in the Amsterdam-Rotterdam-Antwerp region inclusive of cost, insurance and freight.

The assessments reflect toluene deliveries within the current (Mo01) and next month (Mo02), as well as within the 5-30 days forward period.

Minimum cargo size is set to 1,000 mt and larger parcels are normalized to 1,000 mt.

The new toluene assessments appear in Europe & Americas Petrochemical Scan and Solventswire, PCA pages 377, 324, 540, 233, 432, 370, 241, and 446 under the following symbols:

TLEAA00 Toluene CIF ARA TLEAA04 Toluene CIF ARA WAvg TLEAA03 Toluene CIF ARA MAvg TLEAB00 Toluene CIF ARA Mo01 TLEAB04 Toluene CIF ARA Mo01 WAvg TLEAB03 Toluene CIF ARA Mo01 MAvg TLEAC00 Toluene CIF ARA Mo02 TLEAC04 Toluene CIF ARA Mo02 WAvg TLEAC03 Toluene CIF ARA Mo02 MAvg

Platts has also tied all its existing FOB ARA toluene assessments to the new CIF ARA assessments, with FOB ARA values assessed at parity to CIF ARA toluene values.

Platts MOC activity for toluene is now done exclusively on a CIF ARA basis, with FOB values for both TDI and nitration grades calculated from the CIF ARA prices.

Platts publishes in the MOC window bids and offers which reflect full calendar month, half-month cycles and balance-of-the-month dates, in line with the standard market practice.

Platts also accepts bids and offers for dated parcels in no shorter than ten-day strips, which allows buyers greater certainty over dates.

As previously specified, Platts standards cross-month bids/offers are not accepted in the MOC window.

Sellers of CIF ARA toluene parcels should allow at least five clear calendar days for the nomination period.

For the new CIF assessments Platts will reflect bids, offers and intentions to trade whereby the seller commits to provide a minimum 1,000 mt parcel, delivered CIF ARA on a barge.

The seller may deliver the parcel on a larger vessel if mutually agreed with the buyer.

Please direct any questions or comments to pl_petchems_ln@platts.com with a copy to pricemethodology@platts.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.