Refined Products, Chemicals, Naphtha, Solvents & Intermediates

December 03, 2024

Platts to amend the rounding used in FOB Rotterdam hydrocarbon solvents assessments

Platts, part of S&P Global Commodity Insights, will enhance the precision of FOB Rotterdam assessments for European white spirit, hexane and solvent naphtha effective Dec. 17.

Platts will round the final value to the nearest $0.25/mt. At the moment the prices are assessed to the nearest $5/mt.

The affected assessments are as below:

Product Incoterm Currency/UOM Code Monthly Average
White spirit FOB Rotterdam $/mt PHACT00 PHAZS03
Hexane FOB Rotterdam $/mt PHACZ00 PHAZU03
Solvent naphtha FOB Rotterdam $/mt PHAGO00 PHAZH03

Prices for FOB Rotterdam white spirit are calculated by adding an assessed premium to the Platts jet fuel CIF NWE (PJAAU00) price to form an outright value.

Prices for FOB Rotterdam hexane are calculated by adding an assessed premium to the Platts naphtha CIF NWE (PAAAL00) price to form an outright value.

Prices for FOB Rotterdam solvent naphtha are calculated by adding an assessed premium to an average of the Platts premium unleaded gasoline 10 PPMFOB AR (PGABM00) and Eurobob gasoline FOB AR (AAQZV00) assessments to form an outright value.

The calculations will remain the same, with the rounding amended to the nearest $0.25/mt.

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

For written comments, please provide a clear indication if they 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.