SUBSCRIBER NOTE: Platts to formularize some European intermediates assessments

Following industry consultation, S&P Global Platts has decided to formularize its European petrochemical assessment methodology for PA molten and PTA, due to a lack of liquidity in those markets.

Platts has considered market feedback on its proposal to formularize its VCM assessment methodology and has decided not to introduce a fixed netback formula to its weekly assessments, as previously proposed. Platts continues to review its coverage of the VCM spot market.

Effective January 2, 2018, Platts will 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 European contract price; (AALHZ00) plus fixed annual premium (Eur140/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

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

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.