Platts launches daily R-PET premium grade pellets ex-works India assessment Oct 1

Following industry feedback, Platts, part of S&P Global Commodity Insights, has launched a daily spot assessment for recycled polyethylene terephthalate (R-PET) premium grade pellets on an ex-works India basis effective Oct. 1.

Platts has observed growing interest in and development of the domestic Indian market, following the minimum content legislation mandate and food grade regulatory guidelines, the wide adoption of this grade of R-PET and greater demand for pricing transparency in the region.

The daily assessment is based on the latest information from the market up to the close of the assessment process at 4:30 pm Singapore time.

The assessment is published in Indian Rupees/kg and will follow the Indian publishing schedule.

The assessment reflects product with the following parameters:

Pricing information for material with other specifications and terms may be normalized to the above standard.

The assessments are databased under the following codes :

The assessment is published alongside Platts' existing recycled plastics assessments in the Polymerscan, Asia PetrochemicalScan and Sustainable Polymerscan, as well as on the Platts real-time petrochemical service (PCA3021, PCA3026, PCA3027 PCA574 and PCA441) and Platts Connect.

Additionally, a weekly market commentary for the recycled PET markets will be published every Wednesday on PCA2813, and the daily rationale will be published on PCA2814.

Platts first proposed the assessment in a subscriber note on Aug.13 and subsequently communicated the launch on Sept.3

Please send comments, feedback and questions to petchems@spglobal.com and pricegroup@spglobal.com .

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 make comments not marked as confidential available upon request.