Platts amends rounding used in FOB Rotterdam hydrocarbon solvents assessments

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

Platts now rounds the final value to the nearest 25 cents/mt, rather than to the nearest $5/mt.

Platts previously published a decision note on the rounding changes on Dec. 3, which is available here: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/120324-platts-to-amend-the-rounding-used-in-fob-rotterdam-hydrocarbon-solvents-assessments

The affected assessments are as below:

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 PPM FOB AR (PGABM00) and Eurobob gasoline FOB AR (AAQZV00)assessments to form an outright value.

The calculations remain the same, with the rounding amended to the nearest 25 cents/mt.

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

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