SUBSCRIBER NOTE: Platts proposes forward domestic China styrene assessments

S&P Global Platts is proposing to launch daily forward domestic China styrene assessments effective February 5, 2018. The proposal is in line with increased interest from market participants in view of growing Chinese styrene demand, amid planned domestic SM capacity expansions.

The forward domestic China styrene assessments would comprise of two markers, namely the East China Bal-M1 marker and the East China M2 marker.

The East China Bal-M1 marker will reflect prices of cargoes in Yuan loaded within the current calendar month from date of publication.

The East China M2 marker will reflect prices of cargoes in Yuan loaded within the second calendar month from date of publication.

Platts proposes to assess on an ex-tank loading basis out of three main ports located in East China, including Zhangjiagang, Jiangyin and Changzhou.

The minimum volume assessed would be 500 mt, and the maximum volume 1,000 mt, in line with the standard parcel size traded in the Chinese domestic market.

Platts would consider cargoes transacted on standard credit terms as per market practice, as agreed between counterparties.

Prices are based on latest information sourced from the market up to the close of the assessment window at 4:30 pm Singapore time (0830 GMT) daily.

Platts welcomes all feedback and questions on the proposed assessment through to December 29, 2017. Please send all questions and feedback to petchems@spglobal.com with a copy to 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 to the public upon request.