20 Mar 2024 | 10:26 UTC

Platts proposes to launch CFR India soda ash spot, DDP Northwest Europe contract price assessments

Platts, part of S&P Global Commodity Insights, is proposing to launch a weekly CFR India soda ash (light) spot assessment and DDP Northwest Europe soda ash contract price assessments, effective April 30.

Details of the proposed CFR India spot price assessment are as follows:

Basis and location CFR India: Mundra, Nhava Sheva
Laycan Delivered 30-60 days forward
Cargo size 100-500 mt
Product specifications Density 0.5-0.75 cm/m3
Credit terms L/C 90 days
UOM $/mt

Details of the proposed DDP Northwest Europe contract price assessments are as follows:

Basis and location DDP Northwest Europe
Contracted size Volumes reflecting a medium-sized buyer
Delivery period Current quarter
UOM Eur/mt
Product specifications (A) Light Soda Ash: Density 0.4-0.6 kg/m3 (B) Dense Soda Ash: Density: 0.8-1.15 kg/m3
Water content: 0.05% max Water content: 0.05% max
Sulphates: 0.15%max Sulphates: 0.15%max
Purity: 99.0% Purity: 99.0%
Mode of transport Delivered by truck

The proposed Northwest Europe assessments for both light and dense soda ash, to be published in Eur/mt, will reflect the current quarter's contracted values for a medium-sized buyer. Platts defines a contract price as one freely negotiated against an annual commitment to supply or procure regular volumes.

The new assessments will be published in line with the regional publication calendar, taking into consideration price information gathered up to the close of the assessment process at 4:30 pm Singapore time for CFR India soda ash and 4:30 pm London time for DDP Northwest Europe soda ash.

All market information reported to Platts may be considered and will be published, including firm offers in negotiations and indicative values, as well as any other data deemed relevant to the assessment process.

Please send any comments or feedback by April 4 to petchems@spglobal.com and pricegroup@spglobal.com.

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 those not marked as confidential available upon request.