Platts proposes new weekly caprolactam assessment in the US

Platts, part of S&P Global Commodity Insights, proposes to launch weekly DDP US Southeast caprolactam contract assessment, effective April 24.

The proposed assessments would complement plans by Platts to expand coverage of the downstream nylon market chain.

The new assessment, to be published in cents/lb, would take into consideration price information gathered up to the close of the assessment process at 1:30pm Houston time.

Details of the proposed specifications are as follows:

Market information with non-standard specifications may be considered and normalized to the standard.

Platts prioritizes fully verifiable, transparent market information.

If bid, offer, or transaction data is lacking, other reported data may be considered.

Spread differentials to related markets may be used.

Assessments produced by calculation will be stated.

Please send any questions, comments or feedback to petchems@spglobal.com with a copy to pricegroup@spglobal.com by March 26.

For written comments, please provide a clear indication if they 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.