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Platts proposes to increase non-aromatics content in mixed xylene specification

Following feedback from market participants, S&P Global Platts is proposing to increase the maximum non-aromatics content allowed in its European mixed xylene assessments, effective January 27, 2020.

Based on market feedback, Platts understands that a significant proportion of mixed xylene production in Europe does not consistently meet a maximum 2% non-aromatics content.

Furthermore, Platts understands that market participants consider material with a maximum non-aromatics content up to 3% to be widely traded in Europe and consumed for the production of paraxylene.

As a result of this feedback, Platts is proposing to change the maximum non-aromatics content in its mixed xylene assessments from 2% to 3%.

The following symbols would be affected:

Symbol description
Mixed Xylene CIF ARA
Mixed Xylene CIF ARA Mo01
Mixed Xylene CIF ARA Mo02
Mixed Xylene FOB ARA
Mixed Xylene CIF ARA Mo01
spread to EBOB FOB AR swap
Mixed Xylene CIF ARA Mo02
spread to EBOB FOB AR swap

Platts invites feedback on this proposal to and by December 20, 2019.

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.