Platts proposes to launch new daily HDPE pipe natural assessment May 15, 2024

Platts, part of S&P Global Commodity Insights, proposes to launch a daily spot high-density polyethylene pipe natural CFR South Asia assessment, effective May 15, 2024.

The proposed assessment would complement Platts existing suite of polyolefins assessments in the region and provide transparency in the HDPE pipe grade market.

The proposed assessment would be published in $/mt daily, taking account of market information reported to Platts ahead of the market close at 4:30 pm Singapore time (0830 GMT).

The proposed assessment would reflect HDPE Pipe-natural that meets the following specifications:

Timing: Delivered 15-30 days forward from the date of publication

Location basis: CFR South Asia, basis Nhava Sheva, Mundra

Cargo size: 100-500 mt

Credit terms: up to L/C 30 days

Specifications: Melt flow index of less than 0.3

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

These assessments will appear on the Asian Petrochemicalscan, Polymerscan and Platts Petrochemical Alert pages PC0274, PC0530, PC0245, PCA0573, PCA0545, PCA0546, PCA0005.

Please send all comments, feedback and questions to petchems@spglobal.com and pricegroup@spglobal.com by March 29,2024.

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.