Chemicals, Polymers

September 27, 2024

Platts proposes launch of weekly Turkish and Indian acrylic staple fiber spot assessments

Platts, part of S&P Global Commodity Insights, proposes to launch weekly acrylic staple fiber spot price assessments on a DAP Turkey and CIF India basis, effective Nov. 14.

Details of the proposed assessment are as follows:

Basis and location DAP Turkey CIF India
Specifications Min 85% acrylonitrile Min 85% acrylonitrile
Denier 3 3
Laycan 3-30 days forward delivery 20-45 days forward delivery
Parcel size Min 18 metric tons Min 25 metric tons
Unit of measurement $/t $/t
Credit terms Market practice Market practice
Publishing schedule UK India

Price information for the material with other terms and specifications may be normalized.

The DAP Turkey and CIF India assessments would take into consideration price information gathered up to the close of the assessment process on Thursdays at 16:30 London and Singapore time, respectively. Both assessments would also follow the London and India publishing calendar, respectively.

The new assessments would be accompanied by weekly commentaries, published on Thursday. The new assessments would be published in the Platts Fiber Marketscan and on Platts Connect.

Please send all comments, feedback and questions to petchems@spglobal.com and pricegroup@spglobal.com by Oct. 11.

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.