SUBSCRIBER NOTE CORRECTION: Platts proposes extending Asia MTBE assessment to FOB Straits

(Corrects launch date to January 2, 2018, in proposal notification subscriber note originally published October 10, 2017; corrects port spellings)

S&P Global Platts is proposing amending the loadpoints reflected in the Market on Close assessment process for its FOB Singapore assessments for MTBE, to encompass terminals beyond Singapore's borders but in close geographical proximity to Singapore.

This extends the permissible ports of loading to cover entire the Singapore Straits area, including existing ports of Tanjung Langsat, Tanjung Bin, and Pasir Gudang in Johor, Malaysia.

In line with Platts existing gasoline assessments, Platts has no plans to amend the nomenclature of its published FOB Singapore assessments and plans to continue to reference these assessments in all publications under the name of "FOB Singapore".

This change in methodology reflects the fact that the Singapore refined oil products markets have grown significantly in the last several years. The associated spot markets now regularly include trades for commodities loading close to, but beyond the geographic borders of, Singapore.

The affected codes for the markers in the Platts database are: PHALF11 for FOB Singapore.

Platts is seeking feedback until December 4, 2017, with a proposed launch date of January 2, 2018.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com.

Please provide a clear indication if comments are intended for publication by Platts for public viewing. Platts will consider all comments received and will make these comments available on request.