Platts opens consultation on prevailing incoterms in European MX and toluene markets

Platts, part of S&P Global Commodity Insights, is opening a consultation on its European mixed xylene and toluene price assessments with a focus on the incoterm aspects of the current methodology specifications.

Platts recognizes that CIF ARA and FOB ARA are widely used incoterms for spot trades in the European mixed xylene and toluene markets.

Platts is seeking feedback on the spot pricing differentials and dynamics between both incoterms in these markets, including how they affect premiums over Eurobob gasoline prices and how to best reflect these differences in its coverage and assessments.

Platts also invites any additional feedback on its mixed xylene and toluene methodology beyond the specific points listed above.

Please send all feedback, comments and questions by Oct. 11 to petchems@spglobal.com with a copy to 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.