Platts updates location basis for PET FOB Northeast Asia assessment

Platts, part of S&P Global Commodity Insights, has updated its methodology to specify China's main ports as the location basis for the Asian polyethylene terephthalate (PET) FOB Northeast Asia assessment, to reflect China's export volumes as the mainstream source of Northeast Asian liquidity, effective Feb. 7, 2025.

All other PET assessment methodology specifications 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 affect the price assessments under the following code:

This assessment appears 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.

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