S&P Global Platts is proposing to amend its Europe petrochemicals increment guidelines for the European ETBE, mixed xylenes and toluene Market on Close assessment process, effective March 2, 2020.
Platts is proposing to change the maximum price increment for both spreads and outrights for ETBE FOB AR, MX CIF ARA and toluene CIF ARA bids and offers to $1/mt per 1 minute to align guidelines for European aromatics and MTBE manual window environments. Current maximum incrementability is $3/mt per 1 minute for ETBE outright prices and spreads over MTBE and $2/mt per 1 minute for MX and toluene spreads over Eurobob gasoline.
The minimum increment of 0.25 cents/mt per 1 minute for ETBE, MX and toluene will remain unchanged.
Platts petrochemicals timing and increment guidelines can be found at: https://www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/petrochemicals-timing-increment-guidelines.pdf
Platts invites feedback on this proposal to petchems@spglobal.com and pricegroup@spglobal.com by January 17, 2020.
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.