Fertilizers Platts amends its decision on volume normalization in Asian toluene assessments

Following further market feedback and review, Platts, part of S&P Global Commodity Insights, has amended its decision on volume normalization and prioritization for its FOB Korea Toluene assessment, to be implemented Jan. 2, 2025.

The amended decision aims to reflect market feedback on regional demand for aromatics and a prevalence of cargo sizes across the range of 2,000 mt to 3,000 mt.

Platts will consider cargo sizes ranging from 2,000 mt to 3,000 mt in its assessments, with no prioritization between the two. Market information involving non-standard quantities may still be included, subject to normalization to the standard terms, ensuring consistency and reliability in market evaluations. This adjustment aims to enhance liquidity, transparency and accommodate typical transaction sizes in the Platts assessment process.

Platts' original decision note in October stated it would pri