S&P Global Platts has changed its northwest European monoethylene glycol (MEG) and diethylene glycol (DEG) spot assessment specifications, effective Jan. 14, 2022, to better reflect standard market practices.
Platts has narrowed the location for its FCA and CIF MEG and FCA DEG spot assessments from NWE to Amsterdam, Rotterdam, Antwerp (ARA), basis Antwerp.
In addition, Platts has changed the minimum volume for its domestic FCA and FD assessments to 25 mt and introduced a maximum volume of 100 mt.
Platts initially proposed these changes on Nov. 12, with a decision on Dec. 6, 2021, in the below subscriber notes available here: http://plts.co/u21I30s36Pm; http://plts.co/xoGg30s6p9m
The location and cargo size changes affect the following assessments:
MEG: FCA NWE: AAUWW00, AAUWW10, AAUWW13, AAUWW03
DEG: FCA NWE: AAXCX00, AAXCX03
The location change affects the following assessments:
MEG: CIF NWE: AAUWV00, PHAJL00, AAUWV03, PHBDE03
In addition, the cargo size change affects the following FD assessments:
MEG: FD NWE: HPAJK00, HPAJK10, HPBDD03, HPAJK13
DEG: FD NWE: AAXCY00, AAXCY03
Platts MEG and DEG assessments are published on Petrochemical Alert pages PCA304 and PCA820 respectively, as well as on PCA236, in Olefinscan, Platts Dimensions Pro, Platts Market Center and in Platts price database.
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