Platts to remove fixed premium in European molten phthalic anhydride spot assessments

Platts, part of S&P Global Commodity Insights, will change the way in which European molten phthalic anhydride spot prices are assessed, effective Oct. 31, 2024.

Platts will remove the existing fixed premium of Eur250 per metric ton over the PA flake FD NWE spot assessment.

The change takes into consideration market feedback that the relationship between the molten and the flake markets is more dynamic and does not follow a fixed unchanged variable.

The affected assessment is databased under the following code:

Product Symbol Incoterm Currency

PA Molten HPAPY00 FD NWE EUR/MT

The methodology change was first proposed on Aug. 28 and can be found following the link below:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/082824-platts-proposes-to-remove-the-fixed-premium-in-european-molten-phthalic-anhydride-spot-assessments.

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.