SUBSCRIBER NOTE: Platts to clarify FOB USG cumene assessment

Platts to clarify the FOB USG cumene assessment with effect from October 13, 2014.

The FOB USG cumene assessment is based on a production cost calculation which takes the feedstock price of benzene in cents/lb multiplied by the amount of benzene fed to the unit plus the price of refinery-grade propylene, also in cents/lb, multiplied by the amount of refinery-grade propylene fed to the unit. This number is then divided by 1000 to represent 1,000 lb of yield and unit costs are then added to calculate the final cumene assessment.

The daily FOB USG cumene assessment appears in the Platts price assessment database under code AAQJC00, while the monthly average of the FOB USG cumene assessment appears under code AAQJC03. The FOB USG cumene assessment also appears on Platts Petrochemical Alert pages 208, 244, 448, 455 and 541. In addition, this assessment appears in the Europe and Americas Petrochemicalscan.

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