Acetone Methodology Consultation – Summary of responses
Following the recent announcement that ICIS would be launching a formal methodology consultation process, we have received a number of responses from key market players. To read the public responses, one public and one anonymised, please click on the links below.
ICIS received in total 5 responses to the Acetone Methodology Consultation.
ICIS Initial Decision
The responses do not provide sufficient feedback for ICIS to change its current methodology for deals-based reporting of acetone contract or spot markets in any of the geographical regions.
In response to the specific consultation questions about the CFR China assessments in the Asia Pacific reports, ICIS intends to make the following changes:
5A. In line with market feedback, ICIS will not end the normalisation of CFR China Acetone assessment.
5B. In line with market feedback, ICIS will not carry two CFR China assessments (ICIS will not keep the existing normalised assessment while adding a second denormalised assessment)
To provide further comments or feedback on the ICIS acetone methodology, please contact:
Barbara Ortner: Barbara.Ortner@icis.com