Our Price Explained
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What are Asian Recycled PET price assessments?
What are Asian Recycled PET price assessments?
Platts daily recycled PET assessments cover clear flake material with a PVC content of 50-100ppm and less than 30ppm. Both the standard grade clear flake assessment and the premium grade are for material loading in Southeast Asia and complement Platts existing virgin PET assessments in Southeast Asia and Northeast Asia.
Material is for loading 3-21 days forward from the day of publication out of typical ports Port Klang in Malaysia, Bangkok in Thailand, and Jakarta in Indonesia. Indications from other ports may be taken into consideration as well.
The price assessments are complemented by a daily rationale and weekly commentary, which explains how the price assessments are reached and delve into the market fundamentals observed throughout the week.
Prices are assessed in $/mt.
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How we assess Asian Recycled PET prices
How we assess Asian Recycled PET prices
Platts assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor up to the close of business (4.30 pm Singapore time) on each day.
All the information used to inform the assessment is published transparently on Platts platforms as "heards". An assessment rationale is published explaining what the assessments are and how they have been reached.
A weekly market commentary accompanies the price assessments and rationale, which highlights the most important trends that have affected the markets that week and provides insight into what the market expects over the coming weeks.
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Platts Asian Recycled PET Weekly Commentary
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Platts Asian Recycled PET Daily Rationale