Following a proposal period, S&P Global Platts will amend its Europe petrochemicals increment guidelines for the European mixed xylenes and toluene Market on Close assessment process, effective March 2, 2020.
Platts launched a formal consultation into these guidelines on December 17, 2019 in a subscriber note available here: http://plts.co/qn6u30qdV48
Platts has decided to change the maximum price spread increment for MX CIF ARA and toluene CIF ARA bids and offers to $1/mt per 1 minute to align with guidelines for MX CIF ARA and toluene CIFA ARA outright price increments. Current maximum incrementability is $2/mt per 1 minute for MX and toluene spreads over Eurobob gasoline.
The minimum increment of $0.25/mt per 1 minute for MX and toluene will remain unchanged.
In a separate subscriber note, Platts is extending the feedback period for its European ETBE MOC maximum increments change proposal.
Platts petrochemicals timing and increment guidelines can be found at: http://plts.co/zSBX30qdV4t
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.