Platts publishes one-time differential for Asian paraxylene CFR Taiwan/China

Platts, part of S&P Global Commodity Insights, recommends a one-time differential for near-haul and long-haul Asia paraxylene (PX) CFR Taiwan/China cargoes at $1.11/mt.

The one-time differential is based on an analysis of the difference between the existing and updated methodology using the M1 and M2 spreads between open-origin PX and Asia-origin PX, published in 2023. These spread assessments are published under the following price database codes:

Description Symbol

Platts Paraxylene CFR Taiwan/China Asia/Open Spread M1 $/mt APARA00

Platts Paraxylene CFR Taiwan/China Asia/Open Spread M2 $/mt APARB00

Platts announced its decision to update the methodology for Asian PX CFR Taiwan/China benchmark assessments, effective Jan. 2, 2024, in a subscriber note published Nov. 20, 2023.

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