Chemicals, Polymers

October 16, 2024

Platts to launch weekly Turkish and Indian acrylic staple fiber spot assessments

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

A proposal to assess these markets was originally published on Sept. 27 and can be found here.

Details of the proposed assessment are as follows:

Basis and location DAP Turkey CIF India
Specifications Min 85% acrylonitrile Min 85% acrylonitrile
Color Undyed Undyed
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 $/mt $/mt
Credit terms Market practice Market practice
Publishing schedule UK India
Symbols (Weekly) ACRAA00 ACRAB00
Symbols (Monthly Av.) ACRAA03 ACRAB03

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

The DAP Turkey and CIF India assessments will take into consideration price information gathered up to the close of the assessment process on Thursdays at 1630 London and Singapore time, respectively. The assessments will follow the London and India publishing calendars, respectively.

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

Please send any questions, comments or feedback to petchems@spglobal.com andpricegroup@spglobal.com.

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.