Platts proposes to discontinue publication of monthly European PX contract price

Platts, part of S&P Global Commodity Insights, proposes to discontinue the monthly industry-settled European paraxylene FD NWE contract price, effective May 31, on limited participation in the settlement process for European contract prices since 2022 and an increasing use of the Asia Paraxylene CFR China/Taiwan index as a pricing reference by market participants as observed by Platts.

Platts first began publishing the industry-settled European paraxylene contract price in 2003 and recognizes that participation in the PX industry-settled contract price mechanism has decreased since 2022.

The proposed discontinuation would affect the following symbols:

Paraxylene FD NWE CP Eur/mt AALHZ00

Paraxylene FD NWE CP $/mt AALHZ10

The affected assessments appear on Platts Petrochemical Alert fixed pages 375 on Platts Connect and Platts Market Center, in Polymerscan, Europe and Americas Petrochemicalscan and in the Platts database.

Please send all comments, feedback, and questions to petchems@spglobal.com and pricegroup@spglobal.com by December 28, 2023.

For written comments, please provide a clear indication if comments are not intended for publication by S&P Global for public viewing.

S&P Global will consider all comments received and will make comments not marked as confidential available upon request.