Platts updates USGC MEG specifications, cargo sizes

Platts, part of S&P Global Commodity Insights, has updated the specifications and cargo sizes for its existing spot US Gulf Coast monoethylene glycol assessment effective May 29, 2023, to better reflect standard market practices.

The decision to make this change was published on May 1, 2023, available here.

The Platts assessment now reflects 99.1% purity cargoes loading in 5,000 mt parcels.

These parameters correspond to the predominantly produced and traded purity in the US and align with typical volumes observed for deep-sea export cargoes to Europe and Asia.

Platts may normalize pricing information reflecting other cargo sizes and purity levels, where applicable. As part of this change to specification, Platts also has removed the word "anti-freeze" from the symbol description.

The proposed change affects the following symbols: PHAXF04 (Weekly) PHBDG03 (Monthly average).

The MEG assessment appears in Polymerscan, Olefinscan, Platts Dimensions Pro and Platts Market Center.

Please send any questions, comments or feedback 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.