Platts specifies European MTBE, ETBE conversion rates

Following a period of research and market feedback, S&P Global Platts is specifying a dollars per metric ton to dollars per barrel conversion rate in its European MTBE and ETBE methodology, effective from Oct. 7, 2020.

Platts understands that market participants use a range of conversion rates depending on density and sought feedback on typical industry practice in a subscriber note published on Aug. 5, 2020, available here: https://rb.gy/8xmcth

This was followed by a decision on Sept. 9, 2020, in a subscriber note available here: https://rb.gy/sbhskp

Platts is updating its European petrochemicals specifications guide to reflect a standard conversion rate from $/mt to $/b of 8.45 for MTBE and 8.42 for ETBE.

For further comments or queries, please contact petchems@spglobal.com and 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 to the public upon request.