Platts to specify location basis for PET FOB Northeast Asia assessment Feb 7

Platts, part of S&P Global Commodity Insights, will specify China's main ports as the location basis for the Asian polyethylene terephthalate FOB Northeast Asia assessment to reflect China's export volumes as the mainstream source of Northeast Asian liquidity, effective Feb. 7.

All other PET assessment methodology specifications will remain unchanged. These specifications are:

• Timing: Loading 15-30 days forward from the date of publication
• Standard cargo size: 100-500 mt
• Credit terms: L/C 30 days. Market information with nonstandard terms may be considered for the assessment and may be subject to normalization to the standard terms.
• Quality: Bottle-grade PET, minimum intrinsic viscosity of 0.76

The changes will affect the price assessment under the following code:

These changes will be published alongside Platts' existing PET assessments in Polymerscan and Asian Petrochemicalscan, as well as on the Platts real-time petrochemical service, Platts Market Center, Platts Dimensions Pro and Platts Petrochemicals Alerts on fixed pages 0625, 0626 and 0627.

Please send all comments, feedback and questions to petchems@spglobal.com and 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 those not marked as confidential available upon request.