SUBSCRIBER NOTE: Platts amends olefins, aromatics and methanol CP methodology

Platts is amending with immediate effect its methodology regarding the publication of contract prices for aromatics, olefins and methanol. From today November 28, 2014, Platts will publish contract price settlements once Platts has obtained information that two buyers and two sellers have agreed the same price. The full amended subscriber note by product can be found below. For olefins Platts publishes the monthly contract settlements once it has information that two independent producers and two consumers have agreed the same price. This contract price is published every Friday. In the event that there is more than one price settlement, Platts may decide to publish an average of these price settlements. For benzene Monthly contract prices are published in Eur/mt and $/mt FD NWE on a daily basis and are updated when Platts has obtained information that at least two independent buyers and two independent sellers have agreed the same price. The $/mt price is based on the European Central Bank euro daily reference rate of the day prior to the date of settlement to convert to dollars, as agreed between contract counterparties. For styrene, orthoxylene and paraxylene A monthly contract is published in Eur/mt FD NWE on a daily basis and is updated once Platts has information that two independent buyers and two independent sellers have agreed the same price. For methanol A quarterly contract price is published daily in Eur/mt FOB Rotterdam and is updated when Platts has information that at least two independent buyers and two independent sellers have agreed the same price.

Please send any comments or questions to petchems@platts.com and pricegroup@platts.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.