Platts to launch daily FOB India R-PET clear flakes premium grade assessment

Following market feedback, Platts, part of S&P Global Commodity Insights, will launch an assessment of recycled polyethylene terephthalate clear flakes, premium grade, PVC 30 ppm on an FOB India basis, effective April 3, 2023.

This grade is mainly used for bottle grade applications.

This assessment was first proposed in a subscriber note published Feb. 10, 2023 at https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/021023-s-p-global-commodity-insights-proposes-to-launch-daily-spot-r-pet-clear-flakes-assessments-for-basis-fob-india

Platts will assess the market on a daily basis.

The assessment would be based on the latest information sourced from the market up to the close of the assessment at 4:30 pm Singapore time (0830 GMT). It will be published in $/mt and will follow the Singapore publishing schedule.

The assessment will reflect the product with the following parameters:

Volume: 20-200 mt

Quality: PVC 30 ppm, IV 0.72-0.78, 100% clear in color

Laycan: Loading 10-21 days forward from the date of publication

Location basis: FOB India, basis Nhava Sheva, Mundra and Hazira. Platts would also take into consideration pricing information from other ports in India, but would normalize them to west India ports for the assessment.

Payment terms: Direct debit (Other payment terms will be normalized to proposed standard)

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

Symbol: ARINA00 (daily), ARINA04 (Weekly), ARINAP03 (Monthly average)

The assessment would be published alongside Platts' existing recycled assessments on page 0409, 0574,0441 and in the Polymerscan, Asia Petrochemical scan as well as on the Platts real-time petrochemical service, Platts Market Center, and Platts Dimensions Pro.

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.