Platts proposes to change CFR India phenol and acetone assessment delivery laycan effective Sept. 26

Platts, part of S&P Global Commodity Insights, proposes to change the CFR India phenol and acetone assessment to reflect cargoes delivered 30-45 days forward from the day of the assessment, effective Sept. 26, 2024, in line with market feedback received.

Platts understands that CFR India phenol and acetone market usually specifies shipment/loading period of the cargoes during trade related discussions.

Platts has observed that the bulk of the phenol imported into India come from Thailand, Saudi Arabia, South Korea and China, with voyage times ranging from 20 to 30 days from the date of shipment. The majority of acetone imported into India is from Thailand, Taiwan, Saudi Arabia, South Korea and China, with voyage times ranging from 20 to 30 days from the date of shipment. The proposed change is aimed at capturing the bulk of this spot trading activity.

The affected assessments are published in the Solventswire and on Platts Petrochemical Alert Pages: PC0241, PC0242, PC0243, PC0380, PC0446, PC0447 and PC0450.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricegroup@spglobal.com by Aug. 29, 2024.

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.