SUBSCRIBER NOTE: Platts proposes to formularize some European intermediates assessments

S&P Global Platts is proposing to formularize its European petrochemical assessment methodology for PA molten, PTA and VCM due to a lack of liquidity in those markets.

Effective January 2, 2018, Platts proposes to assess the intermediates listed below using the following fixed formulae:

- PA Molten FD NWE Weekly (Eur/mt): PA Flake FD NWE Weekly plus Eur250/mt - PTA FD NWE Monthly CP (Eur/mt): 0.66 * (PX monthly ECP) plus fixed annual premium (Eur140/mt) - VCM FOB NWE ($/mt): VCM CFR FE Asia ($/mt) minus $150/mt

Symbols affected by the proposal are as follows: PA MN FD NWE Weekly HPAPY00 PA MN FD NWE MAvg HPAPZ03 PTA FD NWE Monthly CP AACVW00 PTA FD NWE Monthly CP MAvg AACVX00 VCM FOB NWE PHAQO00 VCM FOB NWE Mavg PHAQP03

These assessments can be found on Platts Petrochemical Alert pages 160, 509, 181, and in Platts Market Data category IM.

Platts invites feedback on this proposal by November 28, 2017.

Please send feedback or questions to pl_petchems_ln@spglobal.com and pricemethodology@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.