Platts removes fixed premium in European molten phthalic anhydride spot assessments

Platts, part of S&P Global Commodity Insights, has changed the way in which European molten phthalic anhydride spot prices are assessed, effective Oct. 31, 2024.

Under the changes, Platts has removed the previously fixed premium of Eur250/mt over the PA flake FD NWE spot assessment, HPAPW00. The change better captures price movements in the molten PA spot market.

The change took into consideration market feedback that the relationship between the molten and the flake markets had become more dynamic.

The affected assessment is databased under the following codes:

The change follows a proposal published Aug. 28, which can be found here: Platts proposes to remove the fixed premium in European molten phthalic anhydride spot assessments. | S&P Global Commodity Insights and which was confirmed in a note published on Sept19 which can be found here: Platts to remove fixed premium in European molten phthalic anhydride spot assessments| S&P Global Commodity Insights.

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