SUBSCRIBER NOTE: Platts launches MX, toluene spreads to gasoline, more MX Europe laycans

Effective November 22, 2017, S&P Global Platts has launched daily mixed xylene and toluene spreads to Eurobob gasoline swaps, to reflect the broad adoption of gasoline-related pricing in Europe.

The spreads are assessed as a simple differential between MX or toluene prices for individual months and the corresponding Platts Eurobob gasoline swaps value for that day.

Platts has also launched daily assessments of MX delivered on a CIF ARA basis within the current month (M1) and next month (M2).

The new assessments are available in Platts Market Data category Aromatics Europe (AE) under the following symbols:

Symbol Description MXEAB00 Mixed Xylene CIF ARA Mo01 MXEAB04 Mixed Xylene CIF ARA Mo01 WAvg MXEAB03 Mixed Xylene CIF ARA Mo01 MAvg MXEAC00 Mixed Xylene CIF ARA Mo02 MXEAC04 Mixed Xylene CIF ARA Mo02 WAvg MXEAC03 Mixed Xylene CIF ARA Mo02 MAvg MXPRA00 Mixed Xylene CIF ARA Mo01 spread to EBOB FOB ARA swap MXPRA04 Mixed Xylene CIF ARA Mo01 spread to EBOB FOB ARA swap WAvg MXPRA03 Mixed Xylene CIF ARA Mo01 spread to EBOB FOB ARA swap MAvg MXPRB00 Mixed Xylene CIF ARA Mo02 spread to EBOB FOB ARA swap MXPRB04 Mixed Xylene CIF ARA Mo02 spread to EBOB FOB ARA swap WAvg MXPRB03 Mixed Xylene CIF ARA Mo02 spread to EBOB FOB ARA swap MAvg TLPRA00 Toluene CIF ARA Mo01 spread to EBOB FOB ARA swap TLPRA04 Toluene CIF ARA Mo01 spread to EBOB FOB ARA swap WAvg TLPRA03 Toluene CIF ARA Mo01 spread to EBOB FOB ARA swap MAvg TLPRB00 Toluene CIF ARA Mo02 spread to EBOB FOB ARA swap TLPRB04 Toluene CIF ARA Mo02 spread to EBOB FOB ARA swap WAvg TLPRB03 Toluene CIF ARA Mo02 spread to EBOB FOB ARA swap MAvg

Effective December 1, 2017, the assessments will also be published on Platts Petrochemical Alert pages PC0328, PC0335, PC0377, PC0540, PC0324, PC0233 and PC0432 and in Europe & Americas Petrochemicalscan.

Specifications for the new MX CIF ARA assessments will be fully aligned with specifications for the existing MX CIF ARA assessment. It will conform to the latest edition of ASTM D-843, with one or more isomers removed; the non-aromatics content set at the maximum of 2% and the maximum ethylbenzene content at 20%. There will be no limits on metaxylene, paraxylene and orthoxylene content. Minimum cargo size will be set at 1,000 mt with larger parcels normalized to 1,000 mt.

Please direct questions and comments to pl_petchems_ln@spglobal.com with copy to pricemethodology@spglobal.com.

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Platts will consider all comments received and will make comments not marked as confidential available upon request.