Chemicals, Polymers, Aromatics

February 13, 2024

Platts proposes to launch daily Northwest Europe, India polyols and isocyanates spot assessments

Platts, part of S&P Global Commodity Insights, proposes to launch daily polyols and isocyanates spot assessments, for India and Northwest Europe, effective April 1 and April 2, 2024 respectively.

Under the proposal, Platts would assess T80 grade toluene diisocyanate (TDI) and conventional polyether polyols on DDP Northwest Europe basis as well as slabstock polyols and polymeric methylenediphenyl diisocyanate (PMDI) CFR India basis.

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.

Details of the proposed assessments are as follows:

Polyols:

Product Slabstock Polyols Conventional Polyether Polyols
Laycan Delivered 30-45 days forward Delivered 3-30 days forward
Basis and location CFR India (Kandla, Nhava Sheva) DDP Northwest Europe
Cargo size 500 mt-2000 mt 20-24 mt
Credit terms L/C 60 days As per market standard
UOM USD/mt Eur/mt
Product specification Molecular weight of 3000-3500 g/mol Molecular weight of 3000-3500 g/mol
Timestamp 1630 Singapore time 1630 London time

Isocyanate:

Product specification Isocyanate(NCO) content: 30.4-32%
Product Polymeric Methylenediphenyl Diisocyanate (PMDI) Toluene Diisocyanate (TDI)
Laycan Delivered 30-45 days forward Delivered 3-30 days forward
Basis and location CFR India (Kandla, Nhava Sheva) DDP Northwest Europe
Cargo size 100 mt-500 mt 20-24 mt
Credit terms L/C 60 days As per market standard
UOM USD/mt Eur/mt
T80 grade with min 99.5% purity,
Isomer content in 2,4 at 79-81%, and in 2,6 at 19-21%
Timestamp 1630 Singapore time 1630 London time

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.