Jul 11 2022
Platts, part of S&P Global Commodity Insights, has launched FOB Rotterdam methanol assessments for two front months.
First published on July 11, 2022, the new M1 and M2 assessments reflect the value of methanol based on spot pricing data for 1,000 mt barges loading during the front and second months on a Eur/mt FOB Rotterdam basis, up to the close of the assessment process at 4:30 pm London time.
Platts has also started publishing the $/mt equivalent of these assessments on July 11, 2022. The new assessments complement Platts' existing suite of methanol assessments. Platts also currently publishes an assessment for methanol loading 5-30 days forward from the date of publication, from Rotterdam.
The new assessments mirror the specifications of the existing FOB Rotterdam assessment for loading 5-30 days forward from the date of publication, and reflect T2 product conforming to the International Methanol Producers and Consumers Association (IMPCA) Reference Specification with a minimum purity of 99.85%, maximum water content of 0.1% by weight and maximum ethanol content of 50 mg/kg.
The assessments roll over five business days (inclusive) before the end of the month. For example, in July 2022, the M1 assessment reflects material loading any time in July. On July 25, the M1 assessment will roll over to reflect methanol loading in August. The new assessments follow the London publishing schedule.
Platts first proposed publishing these assessments in a subscriber note published May 5, 2022: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/050522-platts-proposes-new-m1-and-m2-methanol-fob-rotterdam-assessments .
Platts also published a decision note on June 16, 2022: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/061622-platts-to-launch-fob-rotterdam-methanol-assessments-for-two-front-months .
The new assessments are published in the Europe and Americas Petrochemicalscan and Solventswire publications, Platts Petrochemical Alert pages 1160, 346 and 432, on the Petrochemical service on Platts Dimensions Pro and in the Platts price database under the following codes:
Methanol FOB Rotterdam Eur/mt Mo01
Methanol FOB Rotterdam Eur/mt Mo01 WAvg
Methanol FOB Rotterdam Eur/mt Mo01 MAvg
Methanol FOB Rotterdam $/mt Mo01
Methanol FOB Rotterdam $/mt Mo01 WAvg
Methanol FOB Rotterdam $/mt Mo01 MAvg
Methanol FOB Rotterdam Eur/mt Mo02
Methanol FOB Rotterdam Eur/mt Mo02 WAvg
Methanol FOB Rotterdam Eur/mt Mo02 MAvg
Methanol FOB Rotterdam $/mt Mo02
Methanol FOB Rotterdam $/mt Mo02 WAvg
Methanol FOB Rotterdam $/mt Mo02 MAvg
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