Platts proposes to change CFR India phenol, acetone payment terms, delivery basis effective Sep 26

Platts, part of S&P Global Commodity Insights, proposes to update the CFR India phenol and acetone assessments' payment terms and location basis to align with the current market practice, effective Sept. 26, 2025.

PAYMENT TERMS: Platts proposes to update the CFR India phenol and acetone assessment payment terms to L/C 90 days. These assessments currently reflect spot deliveries on credit terms of L/C 30-90 days. Under the proposal, Platts would normalize any market data deviating from the Platts standard terms back to the standard.

LOCATION BASIS: Platts proposes to specify the location basis for the CFR India acetone assessment to Mumbai, Kandla, and Hazira. Under the current methodology, Platts reflects deliveries into Vizag, alongside the above-mentioned West Coast India ports. Platts understands that the deliveries into Vizag incur additional costs, and the spot values might deviate from the rest of the port basket.

The proposed changes would affect the price assessments under the following codes:

The affected assessments are published in the Solventswire, Fiber Marketscan, and on Platts Petrochemical Alert Page: PC3025, PC0447, and PC0242

Please direct any questions or comments to petchems@spglobal.com with a copy to pricegroup@spglobal.com by Aug. 29, 2025.

For written comments, please provide a clear indication if comments 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.

Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.