21 Oct 2022 | 10:34 UTC
Platts proposes to update the weightings used for the Platts global petrochemical indices
Platts, part of S&P Global Commodity Insights, is proposing to update the weightings used in the Platts global petrochemical indices to reflect production capacities in 2022, effective Dec. 6, 2022.
The proposed update would better reflect the relative sizes of the regional markets.
Currently, the weightings for Platts daily global petrochemical indices for ethylene, propylene, benzene, toluene, paraxylene, low density polyethylene and polypropylene homopolymer are based on production capacity as of 2015. These indices are calculated as weighted averages of daily assessments for Asia, Europe, and the US.
The Platts Global Petrochemical Index is the weighted average of seven basic global indices, described above.
Under the proposal, Platts would update the weightings for each index by region as follows:
Ethylene (AAXVN00)
Inputs
Proposed ratios
Current ratios
North America
FD USG
0.30
0.24
Europe
FD NWE
0.18
0.28
Asia
CFR NE Asia
0.52
0.48
Propylene (AAXVO00)
North America
FD USG
0.17
0.19
Europe
FD NWE
0.18
0.17
Asia
FOB Korea
0.65
0.63
Benzene (AAXVP00)
North America
FOB USG
0.18
0.13
Europe
CIF ARA
0.18
0.19
Asia
FOB Korea
0.63
0.67
Toluene (AAXVQ00)
North America
FOB USG
0.14
0.30
Europe
FOB Rotterdam
0.13
0.21
Asia
FOB Korea
0.73
0.49
Paraxylene (AAXVU00)
North America
FOB US
0.06
0.09
Europe
FOB Rotterdam
0.05
0.06
Asia
FOB Korea
0.90
0.85
Low density polyethylene (AAXVR00)
North America
FAS Houston
0.22
0.19
Europe
FD NWE
0.33
0.44
Asia
CFR N Asia
0.45
0.37
Polypropylene (AAXVS00)
North America
FAS Houston
0.13
0.14
Europe
FD NWE
0.17
0.22
Asia
CFR N Asia
0.71
0.64
Global Petrochemical Index (AAXVT00)
Ethylene index
0.29
0.32
Propylene index
0.24
0.24
Benzene index
0.10
0.11
Toluene index
0.07
0.05
Paraxylene index
0.12
0.1
LDPE index
0.04
0.05
PP index
0.14
0.14
The affected indices appear in Platts Petrochemical Alert page 900 and in the Platts price database under the above mentioned codes.
Please send any comments or questions by Nov. 4, 2022 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 to the public upon request.