Platts proposes to launch a daily DDP Northwest Europe propylene oxide spot assessment Dec 1

Platts, part of S&P Global Commodity Insights, is proposing to launch a daily spot propylene oxide delivered duty paid Northwest Europe assessment, effective Dec. 1, 2023.

The proposed assessment would expand the scope of Platts coverage of the propylene value chain in NWE.

The new assessment would be published in Eur/mt. The assessments would be based on the latest information sourced from the market up to the close of the assessment process at 16:30 pm London time and follow the Platts London office publishing schedule.

The proposed assessment would reflect the product with the following specifications:

- Laycan: Delivered 3-30 days forward from the date of publication

- Basis and locations: CFR NWE

- Cargo size: Minimum 500 mt

- Quality specifications: Minimum purity of 99.9%; maximum water content (wt) of 100ppm; maximum aldehydes content of 100ppm

Cargoes of other sizes may be normalized to the standard reflected in the assessment.

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

Please send all comments, feedback and questions to petchems@spglobal.com and pricegroup@spglobal.com by Oct. 28, 2023.

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.