Chemicals, Polymers

January 31, 2024

Platts launches three R-PET price assessments in North America and Asia

Platts, part of S&P Global Commodity Insights, has launched three daily recycled polyethylene terephthalate assessments effective Feb. 1, 2024, for the US Southeast and Southeast Asia markets.

The new assessments build on Platts' existing suite of recycled polymers price assessments, adding further depth and granularity to the Platts market coverage across different regions.

For the US Southeast market, Platts has launched new daily US Ex-works Southeast region recycled polyethylene terephthalate assessments for curbside bottle bales and clear flake, effective Feb. 1, 2024, to reflect current market fundamentals.

In Southeast Asia, Platts has launched a daily FOB Southeast Asia recycled polyethylene terephthalate food grade pellets assessment, effective Feb. 1, 2024.

The terms and specifications of the new assessments are as follows:

Description Post-Consumer PET Bottle Bales Standard Grade EXW Southeast Recycled PET Clear Flake EXW Southeast R-PET food grade pellets FOB SE Asia
Daily code APOSA00 APOSB00 PETF000
W Avg APOSA04 APOSB04 PETF004
M Avg code APOSA03 APOSB03 PETF003
Type Spot Spot Spot
UOM Cts/lb Cts/lb $/mt
Basis EXW Southeast EXW Southeast FOB SE Asia
Location North Carolina, South Carolina, Florida, Georgia and Alabama North Carolina, South Carolina, Florida, Georgia and Alabama Southeast Asia
Cargo size 35,000-44,000 lb 40,000-45,000 lb 20-200 mt
Loading period 0-30 days 1-30 days 3-21 days
Color Mixed color, excluding black and solid colors; clear, transparent green, transparent light blue bottles Clear Clear
Feedstock origin Post-consumer, curbside collection Post-consumer Post-consumer
Intrinsic viscosity N/A 0.72-0.78 dl/g Minimum 0.80 dl/g
Timing 4pm CST daily 4pm CST daily 4:30pm SGT daily
Publication schedule US US Singapore

Price information for the material with other terms and specifications may be normalized to the above stated standard.

The new assessments will be based on firm bids, offers, trades, and indicative values as well as any other data deemed relevant to the assessment process.

The new assessments will be published in Polymerscan and Asia Petrochemicalscan (Asia prices only), the Platts real-time petrochemical service, Platts Connect and on the fixed pages PC0624 (US) and PC409 (Asia).

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.