Platts to add US Midwest daily recycled PET flake assessment

S&P Global Platts will launch a daily spot assessment for packaging-grade recycled PET flake in the US Midwest region to broaden Platts coverage of the recycled PET markets, considering increasing consumer demand for recycled plastic. The assessment will be launched on Jan. 10, 2022.

The new assessment will reflect the following specifications and terms:

Contract: Spot

Location basis: US Midwest states, normalized to an FOB Chicago basis. Price information in adjacent regions, such as the US Southeast and East Coast, may be taken into consideration.

Loading dates: one to 30 days from the date of publication

Quality: Clear PET flake, which has been through a hot-washed process and derived from 100% post-consumer recycled content, with an intrinsic viscosity of 0.72-0.78 dl/g and a PVC content no higher than 50 ppm. Price information on recycled PET of other specifications may be normalized to the standard specifications.

Typical volume: One to five truckloads (approximately 40,000-200,000 lb)

Timestamp: 16:30 CT

Frequency: Daily

The assessments will be published on Petrochemical Alert page PCA0624, in Polymerscan, Platts Platform, Platts Market Center, and in Platts price database.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricegroup@spglobal.com.

For written comments, please provide a clear indication if they 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.