Platts to launch floating pricing on eWindow for EMEA naphtha instruments

Effective Jan. 25, 2021, S&P Global Platts will publish floating price indications for its Market on Close assessment process for Naphtha CIF NWE cargoes on the eWindow.

Currently, Platts only publishes floating price indications for Naphtha CIF NWE cargoes on a manual basis.

This new functionality within the eWindow system will allow bids and offers to be shown as a differential to either the balance-month or front-month Naphtha CIF NWE cargo swap.

Platts publishes its assessments of the Naphtha CIF NWE cargo swap for the balance month under code ABWFV00 and for the front month under code PAAAJ00.

Platts will convert all floating price indications to a fixed price for assessment purposes, using its daily assessments for Naphtha CIF NWE cargo swaps. Market participants will continue to be able to bid and offer in the eWindow system on a flat price basis.

Please send all questions and comments to europe_products@spglobal.com and 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 upon request.