Platts proposes to launch daily FOB US Gulf Coast linear alpha olefins assessments

Platts, part of S&P Global Commodity Insights, is proposing to launch daily linear alpha olefins assessments for the US, namely butene-1, hexene-1 and octene-1, effective Dec. 23.

The proposed assessments will complement Platts existing coverage of ethylene and polyethylene markets.

The assessments would be published on an outright basis and would consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

Details of the proposed assessments are as follows:

Pricing information for domestic material may be normalized accordingly.

The new assessments, to be published in cents/lb, will take into consideration price information gathered up to the close of the assessment process daily at 4:00 pm Houston time. The assessments would be published in Olefinscan, in Platts database and on Platts Connect.

Please send all comments, feedback, and questions to petchems@spglobal.com and pricegroup@spglobal.com by Nov. 22.

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.