Platts launches dioctyl terephthalate CFR China, CFR SEA weekly spot assessments

S&P Global Platts has launched two new weekly spot assessments for dioctyl terephthalate (DOTP) on a delivered basis into China and Southeast Asia on Jan. 6, 2022.

These new assessments are developed to meet growing demand for pricing information in the DOTP market, and would complement Platts suite of oxo alcohol assessments into Asia.

Platts first proposed the launch of these assessments in a subscriber note published Nov. 5: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/110521-platts-proposes-to-launch-dioctyl-terephthalate-cfr-china-cfr-sea-weekly-spot-assessments.

The new CFR China assessment reflects 200-300 mt cargoes for delivery 10-30 days forward from the date of publication into the ports of Tianjin, Qingdao, Huangpu and Xiaoxin.

The new CFR SEA assessment reflects 100-200 mt cargoes for delivery 10-30 days forward from the date of publication into the ports of Cat Lai, Haiphong, Ho Chi Minh City in Vietnam, Bangkok in Thailand, Jakarta and Surabaya in Indonesia, Port Klang, Penang, Pasir Gudang in Malaysia, and Manila in the Philippines.

Platts has observed price parity between these locations within their respective regions, and considers them as par ports for each assessment.

Both assessments reflect DOTP with a maximum water content of 0.05% and letter of credit of up to 30 days, in line with the prevailing industry practice.

Pricing information for other qualities and trading terms, and for delivery into other ports in China and Southeast Asia may be normalized to the standards reflected in the assessments.

Platts publishes the new DOTP CFR China and Southeast Asia assessments in $/mt at the close of Asian trade at 4:30 pm Singapore time.

The new assessments are published on real-time Platts Petrochemical Alert pages 162, 460, in the Solvents Wire publication, on Platts Market Center, on the Platts Dimensions Pro, and under the Platts price database codes below:

Assessment Code

DOTP CFR China Wkly DOCFC04

DOTP CFR China MAvg DOCFC03

DOTP CFR SE Asia Wkly DOCFS04

DOTP CFR SE Asia MAvg DOCFS03

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