Chemicals, Olefins, Solvents & Intermediates

February 13, 2024

Platts to launch daily ethylene vinyl-acetate spot assessments for Asia, US

Platts, part of S&P Global Commodity Insights, will launch daily spot price assessments for ethylene vinyl-acetate (EVA) in Asia and in the US, effective March 11.

The assessments would be based on the latest information sourced from the market up to the close of the assessment process at 4:30 pm Singapore time and 1:30 pm Central Time, respectively, following the regional publishing schedules.

Details of the assessments are as follows:

Product specifications:
Asia US
Basis and location: CFR China (Ningbo, Shanghai) FAS Houston
Cargo size: 100-200 mt 85-250 mt
Laycan: 15 to 30 days forward delivered basis Three to 30 days forward loading basis
UOM US dollars/mt US dollars/mt
Medium EVA -- 18%-21% VAM content Medium EVA -- 7%-20% VAM content
High EVA -- 28% and above VAM content
Credit terms: As per market standard As per market standard
Timestamp 1630 Singapore time 1330 US Central time
Publishing schedule Singapore US
Symbols CEVAA01 CEVAU01

Following market feedback, the laycan for Asia EVA has been revised to 15-30 days forward, to reflect typical observable trading activity. Similarly, standard credit terms have been updated to reflect market standard practice.

Platts initially proposed on Jan. 19, a laycan of five to 10 days forward from the date of publication, on a delivered basis.

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/011924-platts-proposes-to-launch-daily-ethylene-vinyl-acetate-spot-assessments-for-asia-us

Pricing information for material with other specifications and terms may be normalized to the proposed standards.

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.