SUBSCRIBER NOTE: Platts begins assessing basis volume in its FOB West Med butane coaster assessment

S&P Global Platts has begun assessing a basis volume of 4,000 mt in its FOB West Mediterranean butane coaster assessment with effect from September 3, 2018.

The assessment previously reflected full or part-cargoes of at least 1,600 mt.

In line with industry feedback, Platts has observed a change of market flows in the Mediterranean where smaller pressurized coasters have been repositioned and larger pressurized coasters are increasingly being utilized to load butane from West Mediterranean locations.

Full or part-cargoes of at least 1,600 mt will continue to be included in the assessment, with alternative cargo sizes normalized back to the basis volume of 4,000 mt.

This decision follows a proposal published on July 24, 2018 and a subsequent note published on August 17, 2018. The subscriber note is available here:

https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/081718-pl atts-to-assess-basis-volume-in-its-fob-west-med-butane-coaster-assessment

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