Platts to launch CFR China methanol derivative assessments Oct 3

Platts, part of S&P Global Commodity Insights, will start publishing daily CFR China methanol derivative assessments, providing greater price transparency for the methanol market, effective Oct. 3, 2022.

The proposed methanol derivative assessments will reflect transactions of a minimum of 1,000 mt.

These derivatives settle on the average of the physical Platts methanol CFR China marker (price database code AAWAZ00).

The assessments will be published in $/mt.

Platts first proposed the assessments in a subscriber note published Aug. 8: https://tinyurl.com/yba3kf2r

Platts will publish derivative assessments for six forward months from the month of publication, and will roll them on the first business day of the calendar month.

For example, on Oct. 3, 2022, Platts will be assessing November, December, January, February, March and April.

On Nov. 1, Platts will be assessing December, January, February, March, April and May.

The proposed methanol derivative assessments will reflect the value of both uncleared and cleared instruments.

Platts will take into consideration the latest information sourced from the market up to the close of the Market on Close assessment process at 4:30 pm Singapore time (0830 GMT) for the new derivatives assessments.

The new assessments will follow the Singapore publishing schedule.

The new assessments will be published in Petrochemical service of the Platts Dimensions Pro, Asian Petrochemicalscan publication, Platts Petrochemical Alert service and Platts Market Center, under the following price database symbols in Platts Market data: MAWAZ01, MAWAZ02, MAWAZ03, MAWAZ04, MAWAZ05 and MAWAZ06.

Please address any questions or comments to petchems@spglobal.com and pricegroup@spglobal.com.

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 these comments available on request.