In order to gain further feedback from the market, S&P Global Platts is extending the consultation on its Europe petrochemicals increment guidelines for the European ETBE Market on Close assessment process.
Platts proposes to change the maximum price increment for both spreads and outrights for ETBE FOB AR to $1/mt per minute to align with guidelines for the MTBE manual window environment. Current maximum incrementability is $3/mt per minute for ETBE outright prices and spreads over MTBE.
The minimum increment of 25 cents/mt per minute will remain unchanged.
The extended feedback period will conclude on February 28, 2020, and the proposed change would take effect on March 31.
In a separate subscriber note, Platts has decided to amend its Europe petrochemicals increment guidelines for the European mixed xylenes and toluene Market on Close assessment process, effective March 2, 2020.
Platts petrochemicals timing and increment guidelines can be found at: http://plts.co/zSBX30qdV4t
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