Platts to include Jiangyin to CFR Taiwan/China paraxylene MOC assessment process

S&P Global Platts will include Jiangyin port as a delivery location for the CFR Taiwan/China paraxylene Market on Close (MOC) assessment process from January 2, 2020.

Jiangyin has seen an increase of PX deliveries over the last few years, with the number of spot purchases by buyers increasing due to growing purified terephthalic acid production.

The decision to include Jiangyin as a delivery location will add to the basket of ports currently reflected in the CFR Taiwan/China MOC assessment process, namely: standard Taiwan ports, Ningbo and Dalian.

Platts would like to remind market participants that sellers in the MOC process are responsible for providing a vessel that is able to physically berth at the nominated terminal, while the buyer remains responsible for nominating a terminal that can receive vessels above 10,000 dwt. This change in methodology follows market feedback and the fact that deliveries of paraxylene to the Jiangyin port has grown significantly given unrestricted access to any terminal in Jiangyin.

Please direct any questions or comments to petchems@spglobal.com, with a copy to pricemethodology@spglobal.com.

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