S&P Global Platts proposes to launch a daily European MTBE spread to the Eurobob gasoline front-month financial derivative, with effect from March 31, 2020.
The proposed spread would better capture the relationship between the European MTBE and Eurobob gasoline markets and would complement Platts existing MTBE to gasoline physical factor.
The calculated value would be Platts daily MTBE FOB ARA spot assessment (PHALA00) minus Platts Eurobob gasoline FOB AR barge financial M1 assessment (AAQZV00).
Platts daily MTBE assessments currently include MTBE FOB ARA ($/mt) and the MTBE FOB ARA factor.
The proposed assessment would be published on Platts Petrochemical Alert page PCA0318 and Platts Biofuel Alert page PBF1410 with weekly averages published on pages PC0342, PC0233, PB1011 and PB1411. The assessment would also appear in Europe & Americas Petrochemicalscan.
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