SUBSCRIBER NOTE: Platts proposes adding a 3rd laycan to Asian benzene FOB Korea marker

S&P Global Platts is proposing to add a third half-month marker laycan to its daily FOB Korea benzene assessments to capture more forward trading activity after laycans have been declared for the prompt month.

Following engagements with the market since 2016, Platts has received positive feedback to include bids, offers, and trades for an additional front-month laycan.

Currently the daily FOB Korea marker average the mean of the assessed low-high ranges for the third and fourth half-months forward. The additional marker laycan would be the fifth half-month laycan.

For example, on November 22, the marker would consist of H2 December and H1 January and the added marker laycan would be H2 January.

Platts proposes to implement this change on January 15, 2018.

Please send any feedback or questions to petchems@spglobal.com and pricegroup@spglobal.com by December 7, 2017.

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.