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Chemicals, Olefins, Solvents & Intermediates
March 01, 2024
Platts, part of S&P Global Commodity Insights, will launch daily production cost-based high-purity ethylene oxide prices for Asia and the US, effective April 1.
The new assessments will build on recently launched DDP Northwest Europe ethylene oxide spot assessments.
Platts first proposed the assessments in a subscriber note published Feb. 6: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/020624-platts-proposes-to-launch-production-cost-based-high-purity-ethylene-oxide-prices-for-asia-us(opens in a new tab).
The new assessments will be published in $/mt and follow the regional publishing schedules.
Details of the assessments are as follows:
Asia | US | |
Basis and locations | FOB Northeast Asia: Korea, Taiwan, Japan, China | DAP USG |
Laycan | Loading 15-30 days forward | Delivery within current month |
Credit terms | Standard market terms | Standard market terms |
Cargo size | 1,000 mt | Minimum 3,000 mt |
Product specifications | Minimum purity of 99.9% by weight, maximum water content of 70 ppm and maximum aldehydes of 40 ppm | Minimum purity of 99.9%, maximum water content of 100 ppm, maximum aldehydes content of 40 ppm |
Daily code | CEOXA01 | CEOXU01 |
Weekly average code | CEOXA41 | CEOXU41 |
Monthly average code | CEOXA61 | CEOXU61 |
The new Asia and the US assessments comprise Platts daily CFR NE Asia ethylene (AAOTM00) assessment and daily FD Mont Belvieu Month 01 ethylene (AAOSR00) assessment, respectively, and a combination of other fixed and variable costs as determined by each region.
The variable and fixed inputs will be reviewed as needed to ensure they are representative of current market dynamics.
Please send all comments, feedback and questions to petchems@spglobal.com and pricegroup@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 upon request.