Platts proposes launch of R-PET pellets food grade FOB India

Platts, part of S&P Global Commodity Insights, is proposing to launch a daily spot assessment for recycled polyethylene terephthalate pellets (R-PET) premium grade for bottle grade applications on FOB India basis, effective July 5, 2024.

Platts has observed the growing production capacity of recycled PET pellets in India and greater demand for pricing transparency in the region.

The proposed assessment would be based on the latest information sourced from the market up to the close of the assessment process at 4:30 pm Singapore time (0830 GMT). It would be published in $/mt and would follow the India publishing schedule.

The proposed assessment would reflect the product with the following parameters:

Volume: 20-200 mt

Quality: R-PET clear food grade pellets: Intrinsic viscosity of 0.8, postconsumer feedstock origin and 100% clear in color

Laycan: Loading 10-21 days forward from the date of publication

Location basis: FOB India, basis Nhava Sheva, Mundra and Hazira. Platts would also take into consideration pricing information from other ports in India, and may normalize them to West India ports for the assessment.

Payment terms: Direct debit (Other payment terms may be normalized to proposed standard)

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

The proposed assessment would be published alongside Platts' existing recycled plastics assessments in the Polymerscan, Asia PetrochemicalScan as well as on the Platts real-time petrochemical service, Platts Market Center, and Platts Dimensions Pro.

Please send all comments, feedback and questions to petchems@spglobal.com and pricegroup@spglobal.com by May 31, 2024.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and make comments not marked as confidential available upon request.