Platts launches daily spot Recycled PET mixed colored flake assessments for NWE, UK

Effective May 13, 2020, S&P Global Platts has launched daily spot Recycled PET mixed colored flake assessments for Northwest Europe and the UK to broaden Platts coverage of the Recycled PET markets, in light of increasing consumer demand for recycled plastic.

The daily assessments take into consideration price information gathered up to the close of the assessment process at 1630 London time, and reflect delivery within three to 30 days from the date of publication.

The assessments were first proposed on March 27 in a subscriber note available here: https://bit.ly/3fICFPq

The assessments were announced on April 14 in a subscriber note available here: https://bit.ly/3fKk7yl

The assessments have the following specifications:

Basis: Free delivered Northwest Europe (Eur/mt), free delivered UK (GBP/mt)

Standard spot cargo size: Minimum 20 mt lots

Specification: R-PET mixed colored hot-wash flake assessments reflect material with an IV of 0.72-0.78 from 100% post-consumer recycled content.

The assessments are published under the following symbols:

The assessments are available on Petrochemical Alert page PCA503, in Polymerscan, Platts Platform, Platts Market Center and in Platts price database.

Please direct comments and questions 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.