15 May 2024 | 07:24 UTC

Platts launches new daily HDPE pipe natural assessment May 15

Platts, part of S&P Global Commodity Insights, has launched daily spot high density polyethylene pipe natural CFR South Asia assessments, effective May 15.

The assessment will complement Platts' existing suite of polyolefins assessments in the region and provide transparency in the HDPE pipe grade market.

Platts originally proposed the assessment in a subscriber note published March 18, and a decision note was issued April 12.

The assessment will be published in $/mt daily, taking into account market information reported to Platts ahead of the market close at 4:30 pm Singapore time (0830 GMT).

The assessment would reflect HDPE pipe natural that meets the following specifications:

Timing Delivered 15-30 days forward from the date of publication
Location basis CFR South Asia, basis Nhava Sheva, Mundra
Cargo size 100-500 mt
Credit terms Up to L/C 30 days
Specifications Melt flow index of less than 0.3

Pricing information for material with other specifications and terms may be normalized to the proposed standard.

The assessments appear on the Asian Petrochemicalscan, Polymerscan and Platts Petrochemical Alert pages PC0266, PC0411, PC0462, PC0530, PC0531, PC0570 and PC0573, with daily price symbol HDPEP00, weekly average HDPEP03, and monthly average HDPEP04.

Please send any comments or feedback 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.