Platts proposes to launch FOB US Gulf Coast propylene oxide assessments

Platts, part of S&P Global Commodity Insights is proposing to launch new FOB US Gulf Coast propylene oxide spot assessments, effective Dec. 1, 2023, to provide transparency into the market.

The proposed daily M1 and M2 assessments, published in $/mt, would reflect tradable value for typical volumes of minimum 1,000 mt in a single transaction.

The assessments would take into consideration price information gathered up to the close of the assessment process at 1:30 pm Central time, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

Details of the proposed assessments are as follows:

• Basis and location: FOB US Gulf Coast
• Size: Minimum 1,000 mt
• Laycan: M1 (current month), M2 (second month)

Product specifications:

• Water content (wt): 250 ppm max
• Aldehydes content: 100 ppm max
• Color (Pt-Co): 10 max
• Purity: 99.9%

Under the proposal, the M1 assessment would refer to the period starting three days forward from the date of assessment. For example, on Oct. 18, the M1 assessment would refer to Oct. 21-31.

The assessments would roll over into the next calendar month three calendar days before the first day of the next month.

For example, on Oct. 28, the assessment would reflect loading in October. On Oct. 29, the assessment would start reflecting loading within November.

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

Feedback must be received by Oct. 31, 2023. For written comments, please provide a clear indication if they 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.