Platts postpones decision to implement US paraxylene methodology change

Platts, part of S&P Global Commodities Insights, has decided to postpone the implementation of the US paraxylene methodology change, following fresh feedback received.

The original decision was published on August 29 here https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/082922-platts-to-assess-us-paraxylene-spot-price-as-netback-effective-oct-3-2022.

The methodology change aimed to convert the FOB USG paraxylenes assessments into straight netbacks from CFR China/Taiwan and was due to take effect on October 3.

Platts will update the market on its next steps in due course, following a review of feedback received.

Please direct any questions or comments 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.