Platts to change frequency of European virgin HDPE spot assessments to daily

Following market consultation, S&P Global Platts will change the frequency of its free delivered northwest Europe and FCA Antwerp high-density polyethylene spot price assessments from weekly to daily, effective July 29, 2020.

The decision follows a proposal on June 3, 2020, in a subscriber note available here: http://plts.co/H11W30qRDuh.

This will align with daily coverage of the virgin low density and linear low density polyethylene and recycled HDPE spot markets.

The daily assessments of blow molding, injection and film grade HDPE in Eur/mt will take into consideration price information gathered up to the close of the assessment process at 16:30 London time and will continue to reflect delivery within 3 to 30 days from the date of publication.

The proposed change would affect the following:

HDPE B/Mldg FD NWE: AALUF00

HDPE B/Mldg FCA Antwerp: AAVKE00

HDPE Inj FD NWE: AALUD00

HDPE Inj FCA Antwerp: AAVKD00

HDPE Film FD NWE: AALUH00

HDPE Film FCA Antwerp: AAVKF00

Platts will publish a weekly commentary and rationale every Wednesday and introduce new weekly averages calculating from Thursday to Wednesday.

The new weekly averages will be found under the following codes:

HDPE B/Mldg FCA Antwerp Eur/mt WAvg: AAVKE04

HDPE B/Mldg FD NWE Spot Eur/mt WAvg: AALUF04

HDPE Film FCA Antwerp Spot Eur/mt WAvg: AAVKF04

HDPE Film FD NWE Spot Eur/mt WAvg: AALUH04

HDPE Inj FCA Antwerp Spot Eur/mt WAvg: AAVKD04

HDPE Inj FD NWE Spot Eur/mt WAvg: AALUD04

Platts European HDPE assessments will appear in Polymerscan, on Platts Petrochemical Alert pages 272, 239 and 573 and in the Platts price database. The daily assessments will also appear on Platts Petrochemical Alert page 571.

Please direct any questions or comments to petchems@spglobal.com with copy to pricegroup@spglobal.com.

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