Chemicals, Solvents & Intermediates

February 09, 2024

Platts proposes to launch daily global acrylic acid and European acrylates spot assessments

Platts, part of S&P Global Commodity Insights, proposes to launch daily glacial acrylic acid (GAA) assessments in Asia, Europe, and the US from the start of April 2024. Simultaneously, Platts also proposes to launch daily butyl acrylate (BA) and 2-ethylhexyl acrylate (2-EHA) assessments in Europe.

Platts would start databasing US and Asia assessments from April 1, 2024, and in Europe from April 2, 2024, accounting for public holiday in the UK.

Details of the proposed GAA assessments for Asia, Europe and the US, are as follows:

Asia Europe US
Purity Min 99.5% Min 99.5% Min 99.5%
MEHQ inhibitor Min 180 ppm 180-220 ppm 180-220 ppm
Dimer As per market standard Max 2000 ppm Max 2000 ppm
Basis and Location: Ex-works North China and East China DDP Northwest Europe DDP US Gulf Coast
Parcel size: 20-40 mt 20-25 mt 20-25 mt
Laycan: Loading 0-10 days forward Delivery 3-30 days forward Delivery 3-30 days forward
UOM: Yuan/mt Eur/mt Cents/lb
Credit terms: As per market standard As per market standard As per market standard
Timestamp 1630 Singapore 1630 London 1330 US Central time
Publication schedule Singapore London US

Details of the proposed European acrylates assessments are as follows:

Butyl Acrylates 2-Ethylhexyl Acrylates
Purity Min 99.5% Min 99.5%
MEHQ Inhibitor 10-20 ppm 10-20 ppm
Basis and location FCA ARA, basis Antwerp FCA ARA, basis Antwerp
Laycan 3-30 days forwardloading 3-30 days forwardloading
Parcel size 20-25 mt 20-25 mt
Unit of Measurement Eur/mt Eur/mt

The proposed assessments would be based on the latest information sourced from the market up to the close of the assessment process, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

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

Please send all comments, feedback, and questions to petchems@spglobal.com and pricegroup@spglobal.com by Feb. 28.

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.