02 Apr 2024 | 10:15 UTC

Platts launches daily Northwest Europe, India polyols and isocyanates spot assessments

Platts, part of S&P Global Commodity Insights, has launched daily polyols and isocyanates spot assessments for India, effective April 1, and for Northwest Europe, effective April 2, 2024, due to UK public holiday.

The new assessments mark the maiden step for Platts to expand coverage into the polyurethane chain.

Details of the regional assessments are as follows:

Polyols:

Product Slabstock Polyols Conventional Polyether Polyols
Laycan Delivered 30-45 days forward Delivered 3-30 days forward
Basis and location CFR India (Kandla, Nhava Sheva) DDP Northwest Europe
Cargo size 500 mt-2000 mt 20-24 mt
Credit terms L/C 60 days As per market standard
UOM USD/mt Eur/mt
Product specification Molecular weight of 3000-3500 g/mol Molecular weight of 3000-3500 g/mol
Timestamp 1630 Singapore time 1630 London time
Symbols CPOLA01 CPOLE01

Isocyanates:

Product Polymeric Methylene diphenyl Diisocyanate (PMDI) Toluene Diisocyanate (TDI)
Laycan Delivered 30-45 days forward Delivered 3-30 days forward
Basis and location CFR India (Kandla, Nhava Sheva) DDP Northwest Europe
Cargo size 100 mt-500 mt 20-24 mt
Credit terms L/C 60 days As per market standard
UOM USD/mt Eur/mt
Product specification Isocyanate(NCO) content: 30.4-32% T80 grade with min 99.5% purity, Isomer content in 2,4 at 79-81%, and in 2,6 at 19-21%
Timestamp 1630 Singapore time 1630 London time
Symbols CMDIA01 CTDIE01

Pricing information for materials with other specifications and terms deviating from the abovementioned parameters may be normalized accordingly.

The assessments are based on all information sourced from the market up to the close of the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

The India assessments can be found in Platts Asian Petrochemicalscan while the European assessments can be found in Platts Europe and Americas Petrochemicalscan. The full coverage for polyols isocyanates, including assessments, market commentary and real-time news, can also be found on Platts Connect. The assessments are accompanied with a weekly commentary, published on Friday.

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