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09 Oct 2015 | 10:33 UTC — Houston
Platts will discontinue its US ethylene posted contract price assessment from December 1, 2015.
The decision comes after a formal comment period. The change was first proposed May 15, 2015.
Market feedback indicates domestic business has moved away from referencing and using the posted price in contract settlements.
The assessment is also currently published in the Platts Petrochemical Alert on pages PC301 and PC006.
Affected assessments: Ethylene USG Posted CP cts/lb -- PHAJI00 Ethylene USG Posted CP cts/lb MAvg -- PHBDC03
Please send any feedback or questions to petchems@platts.com and pricegroup@platts.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.