Chemicals, Polymers

February 16, 2024

Platts proposes to launch Platts Global Recycled Packaging Index Feb 26

Platts, part of S&P Global Commodity Insights, proposes to launch the Platts Global Recycled Packaging Index, effective Feb. 26.

The index would represent a global price of some of Platts' key recycled material assessments used across the consumer packaging sector.

This would be a weighted average daily index, in $/mt, of the following Platts price assessments:

Assessment Code Unit of Measurement Weighting
Recycled PET clear flakes FD NWE Daily AAVKX00 Eur/mt 10.85%
Recycled PET clear flakes FOB SE Asia RPTSE00 $/mt 6.10%
Recycled-PET Clear Packaging Grade Flake FOB Chicago ACPGA00 Cents/lb 9.47%
Recycled HDPE natural pellets FD NWE Daily ARHNP00 Eur/mt 39.39%
Recycled PP black pellets DDP NWE Daily ARPEA00 Eur/mt 17.18%
US Alum UBCs AAFCD00 Cents/lb 17.01%

The weighting of each commodity, to be reviewed and updated periodically, is determined by the market value of the commodity relative to the total market value of all the commodities represented in this composite index.

Market value is in turn approximated by the product of the latest global production volume or estimated demand of the commodity and the latest two-year average price of the component assessment or index selected to represent the commodity.

When a component assessment or index is not published on a particular day, the price published from the previous working day is used in the calculation.

Please send any feedback or questions by Feb. 22 to 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.