01 Apr 2024 | 00:37 UTC

Platts launches daily nylon intermediates spot assessments in Asia

Platts, part of S&P Global Commodity Insights, has launched cyclohexane and adipic acid spot assessments in Asia effective April 1.

Additionally, Platts has started the coverage of the nylon resins market as announced in a separate methodology subscriber note.

The new assessments are designed to provide greater insight for the growing fibers and engineering industry.

Details of the cyclohexane and adipic acid assessments are as follows:

Product Adipic acid Cyclohexane Cyclohexane
Specifications

Minimum purity of 99.8%, maximum iron content of 0.5 ppm and maximum ash content of 4 ppm, in crystalline powder form

 Colorless clear liquid form with a minimum purity of 99.9% Colorless clear liquid form with a minimum purity of 99.9%
Basis and location

FOB China

 FOB Thailand FOB India
Cargo size

50-200 mt

 3,000-5,000 mt 3,000-5,000 mt
Laycan

Loading 7-14 days forward

 Loading 30-40 days forward Loading 30-40 days forward
Credit terms

30-day LC

 30-day LC 30-day LC
Symbols

CADIA01

 CCXXA01 CCXXA02

In the absence of spot market indications, the FOB Thailand and FOB India Cyclohexane assessments may be assessed as a netback from the European Cyclohexane assessments using the following Platts freight assessments:

Route Size Symbol
Rotterdam-SE Asia 5kt AARJE00
SE Asia-South Asia 5kt AARJQ00

These rates are reported in the Platts Weekly Easy Liquid Chemical Freight.

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

The Asian cyclohexane and adipic acid assessments can be found in the Platts Polymerscan and on Platts Connect and are accompanied with a weekly commentary under Asia nylon chain, published on Wednesday.

Please send any questions, comments or feedback to petchems@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.