SUBSCRIBER NOTE: Platts updates proposal launch of Asia Benzene CFR China assessments

Platts plan to assess CFR China benzene price assessments on a daily basis with effect from November 30, 2015.

The proposed assessment methodology for the CFR China assessment basis has been revised as follows:

Assessment window: Daily assessments CFR China (CFR China LC 90 days) based on latest information sourced from the market up to close of the assessment window at 4:30 pm Singapore time (0830 GMT). Timing: Daily assessments CFR China evaluate cargoes for delivery in third, fourth, fifth and sixth half-month forward cycles. The daily CFR China marker averages the means of the third and fourth half-month forward assessment ranges (second and third half-month forward published assessment cycle). Each half-month assessment cycle covers 15 or 16 days. All half-month cycles are rolled forward on the 1st and 16th day of each calendar month. For example, on March 1, 2015, the half-month cycles assessed would be H2 March, H1 April, H2 April and H1 May. Basis and locations: CFR China: Caojing; Ningbo; Jiangyin, Changzhou, Taizhou, Zhangjiagang Cargo size: 3,000 mt Terms and conditions: LC 90 days credit terms Quality specification: ASTM D-2359

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