Platts launches daily spot US post-consumer PET bale assessments

S&P Global Platts has launched three new daily spot price assessments for US post-consumer polyethylene terephthalate bottle bales with effect from April 1, 2020.

This assessment was first proposed in a subscriber note published on February 13, 2020.

The assessments are published basis FOB Los Angeles and FOB Chicago and reflect price information gathered before the close of the assessment process at 4 pm CT.

FOB Los Angeles prices reflect (a) premium-grade material primarily sourced from redemption centers with a minimum PET content of 70% and (b) curbside material with a minimum PET content of 60%. Bales sourced from the Los Angeles area should consist of at least 80% clear bottles.

The Chicago assessment reflects mixed-colored bales, excluding black and solid colors, sold on an FOB basis with a minimum PET content of 60% and gathered from a curbside collection process. Bales could consist of clear, transparent green, or transparent light blue bottles.

Transaction volumes for both locations reflect a typical range of 35,000-40,000 lb (approximately one 53-foot trailer load). The assessment reflects material that is picked up on the same day up to seven days forward from the date of the transaction. Prices are published in US cents/lb and $/mt under the following symbols:

APCLA00 Post-Consumer PET Bottle Bales Premium Grade FOB Los Angeles cts/lb

APCLA04 Post-Consumer PET Bottle Bales Premium Grade FOB Los Angeles cts/lb WAvg

APCLA03 Post-Consumer PET Bottle Bales Premium Grade FOB Los Angeles cts/lb MAvg

APCCH00 Post-Consumer PET Bottle Bales Standard Grade FOB Chicago cts/lb

APCCH04 Post-Consumer PET Bottle Bales Standard Grade FOB Chicago cts/lb WAvg

APCCH03 Post-Consumer PET Bottle Bales Standard Grade FOB Chicago cts/lb MAvg

APCLB00 Post-Consumer PET Bottle Bales Standard Grade FOB Los Angeles cts/lb

APCLB04 Post-Consumer PET Bottle Bales Standard Grade FOB Los Angeles cts/lb WAvg

APCLB03 Post-Consumer PET Bottle Bales Standard Grade FOB Los Angeles cts/lb MAvg

APNLA00 Post-Consumer PET Bottle Bales Premium Grade FOB Los Angeles $/mt

APNLA04 Post-Consumer PET Bottle Bales Premium Grade FOB Los Angeles $/mt WAvg

APNLA03 Post-Consumer PET Bottle Bales Premium Grade FOB Los Angeles $/mt MAvg

APNCH00 Post-Consumer PET Bottle Bales Standard Grade FOB Chicago $/mt

APNCH04 Post-Consumer PET Bottle Bales Standard Grade FOB Chicago $/mt WAvg

APNCH03 Post-Consumer PET Bottle Bales Standard Grade FOB Chicago $/mt MAvg

APNLB00 Post-Consumer PET Bottle Bales Standard Grade FOB Los Angeles $/mt

APNLB04 Post-Consumer PET Bottle Bales Standard Grade FOB Los Angeles $/mt WAvg

APNLB03 Post-Consumer PET Bottle Bales Standard Grade FOB Los Angeles $/mt MAvg

These assessments will be published on Platts Market Center, Platts Polymerscan and on Platts Petrochemical Alert pages PCA 630, PCA 624, PCA 573 and PCA 442. A daily rationale will be published on PCA page 1545.

Please direct any questions or comments to americaspetrochemicals@spglobal.com with a copy to 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 comments not marked as confidential available upon request.