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Platts to make changes to European mixed xylenes and toluene MOC maximum increments

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:

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:

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