Platts to launch daily Asia recycled PET flakes FOB Southeast Asia assessment on July 1

S&P Global Platts will start publishing new daily Asia recycled polyethylene terephthalate (recycled PET) flakes assessments FOB Southeast Asia, effective July 1, 2020, in light of market demand for greater transparency and increasing consumer demand for recycled plastics.

The daily recycled PET flakes FOB Southeast Asia assessment will be published in $/mt and will reflect cargo sizes of 20–200 mt for loading 3-21 days forward from the date of publication, from Port Klang in Malaysia, Bangkok in Thailand and Jakarta in Indonesia.

Price information on loadings from other ports within Southeast Asia may be taken into consideration for the assessment.

The assessment will also reflect standard market payment terms.

Platts will take into consideration price information gathered up to the close of the Platts Market on Close assessment process at 4:30 pm Singapore time (0830 GMT).

The assessment will follow the Singapore publishing schedule.

The assessment will reflect a recycled PET flakes quality specification based on an intrinsic viscosity (IV) level of 0.70–0.78, PVC content of 50-100 ppm and 100% clear in color.

Platts may also take into consideration recycled PET of other specifications and may normalize price information to the standard specifications reflected for the assessment.

These assessments will appear on the Asian Petrochemicalscan, Polymerscan and Platts Petrochemical Alert pages 409, 574, 441, under the following price database symbols:

The daily rationale for the daily assessment will be published in PCA page 731, while the weekly commentary will be published in PCA page 730.

The weekly average will be published every Wednesday.

Please send any further feedback or questions to petchems@spglobal.com and pricegroup@spglobal.com.

For written comments, 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 not marked as confidential available on request.