Platts proposes to expand European recycled polystyrene coverage

Platts, part of S&P Global Commodity Insights, is proposing to launch a daily European white recycled polystyrene pellet spot price assessment, effective March 26.

Details of the proposed assessment are as follows:

Basis and Locations: Delivery duty paid Northwest Europe. Northwest Europe includes Germany, the Benelux region, France and Switzerland.

Standard spot cargo size: Minimum 20-mt lots

Product Specifications: R-PS pellets are post-consumer, non-odorless, non-food-grade, with a melt flow index (MFI) of 4.0-8.0g/10 minutes tested at 200 degrees Celsius, with a density of 1.04-1.07g/cm3. Pellets should have at least 30% HIPS and not include any EPS.

Colour: White pellets

Delivery: 3-30 days forward

Pricing information for material with other specifications and terms deviating from the abovementioned parameters may be normalized accordingly.

The proposed assessment would reflect the spot value of recycled polystyrene at 4:30 pm London time and would follow the London publication schedule.

The weekly average would be published every Wednesday. A weekly commentary and rationale would also be published on a Wednesday. The assessments would be published in Sustainable Polymerscan, on Platts Connect and in the Platts price point database.

The new assessment would complement Platts' existing coverage of recycled black and grey polystyrene, databased under the following codes:

Please send all comments, feedback, and questions to petchems@spglobal.com and pricegroup@spglobal.com by Feb. 12.

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.