SUBSCRIBER NOTE: Platts proposes publishing East China benzene marker

S&P Global Platts proposes to publish an East China benzene marker, and its import parity equivalent, from November 1, 2018.

The marker will take the average of the East China prompt laycan (AAYCA00), East China Bal-M1 laycan (AAYCB00), and the East China M2 laycan (AAYCC00).

The prompt laycan reflects prices of cargoes in Yuan up to 10 days forward from date of publication.

The East China Bal-M1 laycan reflects prices of cargoes in Yuan loaded within the current calendar month from date of publication.

The East China M2 laycan will reflect prices of cargoes in Yuan loaded within the second calendar month from date of publication.

The import parity equivalent of the East China benzene marker will be published, using standard tax rates applicable on import cargoes and the central parity dollar/yuan exchange rate.

More details will be available in the Platts Asia-Pacific Petrochemicals methodology and specifications guide.

Please direct any questions or comments to petchems@spglobal.com, with a copy to pricemethodology@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.