Platts to launch new FOB China PVC assessments March 1

S&P Global Platts will launch daily spot carbide-based and ethylene-based polyvinyl chloride assessments on FOB China basis, effective March 1, 2022.

The decision follows extensive market research and Platts observation of rising exports from China over the past two years. For January-September 2021, China's PVC exports increased almost four times compared to a year earlier, to 1.34 million mt, according to Chinese customs data.

Platts proposed the new assessments on Jan. 6 in a subscriber note published here.

https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/010622-platts-proposes-to-launch-new-fob-china-pvc-assessments-march-1

The new assessments would be based on latest information sourced from the market up to the close of the assessment process at 4:30 pm Singapore time (0830 GMT) daily.

The new assessments would reflect product with the following parameters:

Contract: Spot

Volume: 100-500 mt size cargoes

Quality: Suspension grade with K value of 66-68 (SG 5) for both ethylene-based and carbide-based PVC

Timing: Loading 15-30 days forward from the date of publication

Location basis: FOB China, basis Shanghai, Tianjin and Qingdao

Payment terms: Letter of credit 30 days. For deals with usance of greater than 30 days, the value of the extra credit allowance would be factored out for price assessment.

Currency/UOM: $/mt

Pricing information for material with other specifications and terms may be normalized to the proposed standard.

The new assessments would be published alongside its existing PVC assessments in the Polymerscan, on Platts real time petrochemical service, in the Platts Market center and on the Platts Dimensions Pro.

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.