Chemicals, Polymers

January 02, 2024

Platts launches daily Middle East Polypropylene assessments Jan 2

Platts, part of S&P Global Commodity Insights, has launched daily spot polypropylene raffia assessments for the Middle East, effective Jan. 2, 2024. The new assessments will provide transparency into the Middle Eastern polypropylene markets, while complementing the Platts existing suite of polymer netback values. Details of the new assessments are as follows:

Assessment PP Raffia PP Raffia
Basis and location FOB Saudi Arabia DDP GCC (Dubai, Muscat)
Cargo size 20-500 mt 20 mt
Laycan Loading in 3-30 days forward from the date of publication Delivery in 3-30 days forward from the date of publication
UOM $/mt $/mt
Specifications

Minimum

melt flow index of 3.5 without additives

Minimum

melt flow index of 3.5 without additives

The new assessments will be based on firm bids, offers, trades, and indicative values, as well as any other data deemed relevant to the assessment process. Pricing information for material with other specifications and terms may be normalized accordingly.

The new assessments will reflect spot values on a daily basis at 11:30 London time and will follow the London publishing calendar.

Platts currently publishes the following Middle Eastern polymer netbacks on page 621 of the Platts Petrochemical Alert:

Symbol Description
AAWHK00 HDPE $/mt
AAWHL00 LDPE $/mt
AAWHM00 LLDPE $/mt
AAWFB00 PP Raffia $/mt
AAWFA00 PP Injection $/mt

The full description of the methodology behind these netbacks can be found in the Asia-Pacific Petrochemicals specifications guide.

The new assessments are published in the Platts Polymerscan and on Platts Connect.

Please send all comments, feedback, and questions to petchems@spglobal.com and pricegroup@spglobal.com.

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.