SUBSCRIBER NOTE: S&P Global Platts launches CFR India phenol, acetone assessments

Following market feedback, S&P Global Platts is publishing weekly CFR India phenol and CFR India acetone spot market assessments from July 12, 2016.

The phenol and acetone assessments are published every Tuesday in the Solventswire and on the real-time Petrochemical Alert pages 450, 242 and 447.

The weekly rates and their monthly averages are published in $ per metric ton.

Weekly CFR India phenol and CFR India acetone assessments are 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. Platts considers trade and trade indications for phenol ASTM D2439-96, normalized to the Platts standard cargoes for assessment purposes. Cargoes are between 500 mt and 2,000 mt for delivery 15-30 days forward from date of publication, to JNPT, Kandla and Hazira, payment terms by letter of credit 30-90 days, with cargoes subject to applicable anti-dumping duty, or ADD, of up to $90/mt, normalized according to Platts standards.

Similarly, Platts considers for assessment purposes acetone ASTM D329, normalized to the Platts standard.

Cargoes are 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, of up to $80/mt, normalized according to Platts standards. Please direct any feedback, questions, or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com.