Chemicals, Aromatics, Solvents & Intermediates

October 31, 2023

Platts to launch daily ethylbenzene assessments globally Dec 1

Platts, part of S&P Global Commodity Insights, will launch daily ethylbenzene price assessments in Asia, Europe and the Americas, effective Dec. 1.

The assessments were first proposed in the subscriber notes below:

The US on Oct 6:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/100623-platts-proposes-to-launch-daily-us-ethylbenzene-assessments

Europe on Oct 5:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/100523-platts-proposes-to-launch-european-ethylbenzene-assessments

Asia on Oct 4:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/100423-platts-proposes-to-launch-domestic-china-ex-tank-ethylbenzene-assessment-dec-1

The new assessments will be published daily in line with each regional publication calendar and based on the latest information sourced from the market up to the close of the Platts Market on Close assessment process.

All market information reported to Platts may be considered and will be published in real-time, including firm bids and offers, trades, and indicative values, as well as any other data deemed relevant to the assessment process. Pricing information for material with other specifications and terms may be normalized accordingly.

Specifications:

Europe Asia Americas
Laycan Loading five to 30 days forward Loading up to 10 days forward Delivered in
M1, current month M1, current month
M2, second month M2, second month
Cargo size 1,000 mt 100-300 mt in trucks 25,000 barrels by barge
Location and incoterm FOB ARA (Amsterdam,Rotterdam, andAntwerp) Ex-tank China, basis major ports at North or East China DDP US Gulf Coast
Credit terms According to market standards Cash on sight According to market standards
UOM $/mt Yuan/mt US cents/gal
Timestamp 4:30 pm London 4:30 pm Singapore 1:30 pm Central Standard time
Symbols CEBXE00 CEBXA01 CEBXU01
CEBXE01 CEBXU02
CEBXE02
Publication calendar London Singapore US
Product specifications: According to the latest issue of ASTM D-3193

For US Gulf Coast assessment, the M1 and M2 will be published on an outright basis, but Platts will consider pricing information expressed as either outright values or a premium to the NYMEX RBOB futures contract.

Similarly, the FOB ARA values for M1 and M2 can be assessed on an outright basis or at a premium to the benzene CIF ARA assessments.

For ex-tank China assessment, other quantities may be considered and normalized to the above-mentioned lot size.

Please send any questions, comments or feedback to petchems@spglobal.com with a copy to pricegroup@spglobal.com.

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.