Platts to launch daily PX CFR Taiwan/China derivatives assessments

Following market feedback, S&P Global Platts will launch daily paraxylene CFR Taiwan/China derivatives assessments on Nov. 2, 2020.

Platts first proposed launching PX derivatives assessments in a subscriber note published Sept. 11: http://plts.co/t4q930rcjnI

The new PX derivatives assessments will reflect transactions of a minimum of 1,000 mt. Platts will publish derivatives assessments for six forward months from the month of publication, and will roll over on the first business day of the calendar month. These derivatives will settle on the average of the physical Platts paraxylene CFR Taiwan/China marker (price database code AAQNE00).

Platts will take into consideration the latest information sourced from the market up to the close of the assessment period at 4:30 pm Singapore time (0830 GMT) for the new derivatives assessments. These assessments will be published in $/mt.

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