Platts launches CFR China methanol derivative assessments Oct 3

Platts, part of S&P Global Commodity Insights, started publishing daily CFR China methanol derivative assessments, providing greater price transparency for the methanol market, effective Oct. 3, 2022.

The methanol derivative assessments reflect minimum of 1,000 mt.

These derivatives settle on the average of the physical Platts methanol CFR China marker (price database code AAWAZ00). The assessments are published in $/mt.

Platts first proposed the assessments in a subscriber note published Aug. 8: https://tinyurl.com/yba3kf2r .

Platts publishes derivative assessments for six forward months from the month of publication, and will roll them on the first business day of the calendar month.

For example, on Oct. 3, 2022, Platts will be assessing November, December, January, February, March and April.

On Nov. 1, Platts will be assessing December, January, February, March, April and May.

The methanol derivative assessments will reflect the value of both uncleared and cleared instruments.

Platts will take into consideration the latest information sourced from the market up to the close of the Market on Close assessment process at 4:30 pm Singapore time (0830 GMT) for the new derivatives assessments.

Platts considers for publication in its methanol derivatives MOC information from companies that are able to participate in the physical methanol MOC, subject at all times to adherence with Platts editorial standards. Other entities with interest to participate in the MOC may initiate the process via https://www.spglobal.com/platts/en/our-methodology/participation-review .

Transactions for methanol derivatives reported during the MOC are bilateral trades between counterparties.

Any company submitting a bid or offer that can only be traded on a cleared basis should state as such in their bid or offer at the time of submitting for publication.

Participants will be able to improve outright bids and offers at a minimum of 50 cents/mt and a maximum of $1/mt in a minimum of 30 seconds, and time spread bids and offers at a minimum of 25 cents/mt and a maximum of $1/mt in a minimum of 30 seconds, in line with Platts incrementability standards right up until 4:30:00 pm Singapore time.

A one-minute extension period will be triggered by any price move or a re-bid/re-offer in the last 30 seconds prior to the close of the MOC at 4:30:00 pm Singapore time. The period for testing repeatability of a bid or offer traded near the close will be 4:30:01-4:31:00 pm. Following a trade, the traded bid or offer can be repeated within 30 seconds.

The new assessments are published in Petrochemical service of the Platts Dimensions Pro, Asian Petrochemicalscan publication, Platts Petrochemical Alert (PCA) page 653 and Platts Market Center, under the following price database symbols:

Assessment Symbol

Methanol CFR China derivative $/mt Mo01 MAWAZ01

Methanol CFR China derivative $/mt Mo02 MAWAZ02

Methanol CFR China derivative $/mt Mo03 MAWAZ03

Methanol CFR China derivative $/mt Mo04 MAWAZ04

Methanol CFR China derivative $/mt Mo05 MAWAZ05

Methanol CFR China derivative $/mt Mo06 MAWAZ06

Please address any questions or comments to petchems@spglobal.com and pricegroup@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.