SUBSCRIBER NOTE: Platts launches Asia Benzene CFR China assessments

After launching a proposal in November and soliciting market feedback, Platts has started to assess CFR China benzene price assessments on a daily basis on November 30, 2015.

The methodology for the CFR China daily assessments will be as follows:

Assessment window: Daily assessments CFR China (CFR China LC 90 days) based on latest information sourced from the market up to close of the assessment window at 4:30 pm Singapore time (0830 GMT).

Timing: Daily assessments CFR China evaluate cargoes for delivery in third, fourth, fifth and sixth half-month forward cycles. The daily CFR China marker averages the means of the third and fourth half-month forward assessment ranges (first and second half-month forward published assessment cycle). Each half-month assessment cycle covers 15 or 16 days. All half-month cycles are rolled forward on the 1st and 16th day of each calendar month. For example, on March 1, 2015, the half-month cycles assessed would be H2 March, H1 April, H2 April and H1 May.

Basis and locations: CFR China: Caojing; Ningbo; Jiangyin, Changzhou, Taizhou, Zhangjiagang

Cargo size: 3,000 mt

Terms and conditions: LC 90 days credit terms

Quality specification: ASTM D2359

Please send all comments, feedback and questions to petchems@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.