S&P Global Platts to launch assessment for US recycled PET

S&P Global Platts to launch assessment for US recycled PET

S&P Global Platts will begin publishing spot price assessments for US recycled polyethylene terephthalate hot-washed clear flake with effect from July 1, 2020.

This assessment follows the April 1, 2020, launch of spot price assessments for US recycled bottle bales, and continues to expand Platts' coverage of the recycled polymers markets in the US.

The recycled PET assessment will reflect clear flake traded in the US West Coast, normalized to a FOB Los Angeles basis, for loading three-30 days forward. The assessment will reflect spot transactions with a typical volume size of one-five truckloads (approximately 40,000-200,000 lbs). Material should have an intrinsic viscosity between 0.70-0.80 and a PVC content no higher than 100 ppm. Platts may also take into consideration US recycled PET of other specifications and may normalize price information to the standard specifications reflected for the assessment.

The assessments will be published under in US Polymerscan, on Platts Market Center and the on Platts Petrochemical Alert under the following symbols:

ARPLA00 Recycled-PET Clear Flake FOB Los Angeles cts/lb

ARPLA03 Recycled-PET Clear Flake FOB Los Angeles cts/lb MAvg

ARPLA04 Recycled-PET Clear Flake FOB Los Angeles cts/lb WAvg

ARPLB00 Recycled-PET Clear Flake FOB Los Angeles $/mt

ARPLB03 Recycled-PET Clear Flake FOB Los Angeles $/mt MAvg

ARPLB04 Recycled-PET Clear Flake FOB Los Angeles $/mt WAvg

Additionally, market commentary for the recycled PET market will be found on PCA page 1542. Market commentary for the recycled bottle bales markets will be moved from the current PCA 1552 to this page as well.

For questions or comments, please email americaspetrochemicals@spglobal.com and pricegroup@spglobal.co 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 comments not marked as confidential available upon request.