Chemicals

September 17, 2024

Platts proposes to launch weekly Asia and Europe natural rubber assessments Nov 1

Platts, part of S&P Global Commodity Insights, is proposing to launch weekly natural rubber Southeast Asia and Northwest Europe spot assessments, effective Nov. 1, 2024.

Platts would assess technically specified rubber 20 (TSR 20) on a free on board basis in Southeast Asia and a delivered, duty-paid basis in Northwest Europe.

The assessments would have the following parameters:

Basis and location FOB Southeast Asia: Indonesia (Belawan, Surabaya), Malaysia (Port Klang, Penang), Thailand (Bangkok) and Vietnam (Ho Chi Mihn City). DDP northwest Europe
Volume Standard 100 mt Minimum 20 mt
Specifications

Maximum dirt content of 0.16-0.2% wt

Maximum ash content of 0.8-1%wt

Maximum nitrogen content of 0.6%wt

Maximum dirt content of 0.16-0.2% wt

Maximum ash content of 0.8-1%wt

Maximum nitrogen content of 0.6%wt
Laycan Loading 30-60 days forward Delivery in 3-30 days forward
Payment terms CAD (Cash against document) Market standard

The TSR 20 includes Standard Malaysia Rubber (SMR 20), Standard Indonesian Rubber (SIR 20), Standard Thai Rubber (STR 20) and Standard Vietnam Rubber (SVR 20).

Market information for product with other specifications and non-standard terms may be considered for the assessment and may be subject to normalization to the standard specifications and terms.

The assessments would be published every Friday, following Singapore and UK publishing schedules respectively.

Please send all feedback, comments and questions to petchems@spglobal.com and pricegroup@spglobal.com by Oct. 2.

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.