SUBSCRIBER NOTE: S&P Global Platts launches European benzene CP indicator

S&P Global Platts has launched a month-ahead price indicator for contract supplies of benzene in Europe to provide manufacturers and consumers with a clearer idea of future contract price changes for benzene.

Published daily, the indicator is a simple rolling five-day average of Platts' most recent assessments for benzene for delivery in the following month.

Specifically, Platts uses the M1 CIF ARA benzene spot price [AAOQQ00] in its calculations in the last five working days of the month. All other times the contract price indicator is calculated on the basis of M2 CIF ARA price [AAOQR00]. This reflects the time at which the M1 assessment rolls from the existing month to the following month.

The CP indicator [HPBJQ00] will be published in US dollars alongside benzene spot prices on PCA 207 and every Friday in the Europe and Americas Petrochemicalscan.

Please send all questions and feedback to pl_petchems_ln@spglobal.com with a cc to pricemethodology@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.