Platts to cease vessel size indications in Asia PX MOC

Following market consultation, S&P Global Platts will cease publication of vessel-size-based market indications in its CFR Taiwan/China PX Market on Close assessment process, effective January 6, 2020. From that date, Platts will publish bids, offers and trades in the process that do not specify the vessel size to be employed for delivery of PX parcels.

Platts first proposed this change in a subscriber note published October 25, 2019 (http://plts.co/Q7Lx30pR7LX).

Following on from feedback, however, Platts will continue to publish bids, offers and trades that state Asian origin, in addition to standard, open-origin indications.

Platts had previously proposed no longer publishing Asia-origin indications, and removing the related instrument from its editorial window (eWindow) communication tool. Platts will retain this 'Platts PX Asian origin' instrument in eWindow.

From January 6, Platts will introduce a new instrument 'Platts PX' and 'Platts PX spread' which will replace the following existing instruments and the respective spreads: Platts PX MR , Platts PX MR spread, Platts PX 26 kdwt, Platts PX 26 kdwt spread.

Please send all queries and feedback to petchems@spglobal.com, with a copy to 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.