07 Nov 2022 | 10:24 UTC

Platts to update weightings used for its global petrochemical indices

Platts, part of S&P Global Commodity Insights, will update the weightings used in the Platts global petrochemical indices to reflect production capacities in 2022, effective Dec. 6, 2022, to better reflect the relative sizes of the regional markets.

Platts first proposed the update in a subscriber note published Oct. 21, 2022: Platts proposes to update the weightings used for the Platts global petrochemical indices | S&P Global Commodity Insights (spglobal.com)

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 as described above.

Platts will 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 on the Platts Petrochemical Alert page 900 and in the Platts price database under the above price database codes.

Please send any comments or questions 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.