SUBSCRIBER NOTE: Platts seeking feedback to launch CFR India phenol, acetone assessments

Platts is seeking feedback on a proposal to launch weekly CFR India phenol and CFR India acetone spot market assessments every Tuesday from July 12, 2016.

Platts will consider trade and trade indications for phenol ASTM D2439-96, normalized to the Platts standard cargoes for assessment purposes. Weekly CFR India assessments will be based on latest information sourced from the market up to the close of the assessment window at 4:30 pm Singapore time (0830 GMT) every Tuesday.

Cargoes should be between 500 mt and 2,000 mt for delivery 15-30 days forward from date of publication, delivered to JNPT, Kandla and Hazira. Payment terms by letter of credit 30-90 days, with applicable anti-dumping duty, or ADD, will be normalized according to Platts standards. Similarly Platts will consider for assessment purposes acetone ASTMD329, normalized to the Platts standard. Weekly assessments CFR India based on latest information sourced from the market up to the close of the assessment window at 4:30 pm Singapore time (0830 GMT) every Tuesday.

Cargoes of between 500 mt and 1,000 mt for delivery 15-30 days forward from date of publication to Mumbai, Kandla, Hazira and Vizag. Payment terms by letter of credit 30-90 days, with applicable anti-dumping duty, or ADD, will be normalized according to Platts standards.

Please direct any feedback, questions, or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com by June 3, 2016.

Please provide a clear indication if comments are intended for publication by Platts for public viewing. Platts will consider all comments received and will make these comments available on request.