S&P Global Platts proposes to reflect a volume range of 4,000 mt to 6,000 mt for Butane FOB West Med Coaster (PMAAM00) assessment with effect from January 24, 2020.
The assessment currently includes full or part-cargoes of at least 1,600 mt that are normalized to a 4,000 mt basis.
Platts has observed that typical parcels trading in this market are at or above 4,000 mt, and has received feedback that the current parcel sizes reflected in the assessment are no longer the most fungible. Under this proposal, only trades for parcels within the 4,000 mt to 6,000 mt range would be reflected in the assessment. The basis size of 4,000 mt would remain unchanged, with trades for larger sizes normalized to that basis for assessment purposes.
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