Platts to change CFR South Asia weekly acetic acid assessment payment terms, delivery laycan Nov 28

Platts, part of S&P Global Commodity Insights, will change the weekly CFR South Asia acetic acid assessment to reflect cargoes delivered 30-45 days forward from the day of the assessment and with credit terms of up to L/C 90 days, effective Nov. 28.

The change was first proposed in a subscriber note published Oct. 8. Platts had originally proposed to implement these changes starting Nov. 20.

Platts is presently assessing acetic acid cargoes delivered 15-30 days forward from the day of the assessment in South Asia and on credit terms of up to L/C 30 days.

Platts will normalize any market data deviating from Platts standard terms based on market feedback.

The changes will affect the price assessments under the following codes:

The affected assessments are published in the Platts Asian Petrochemicalscan and on Platts Petrochemical Alert pages PC0174, PC0458 and PC0460.

Please direct any questions or comments to petchems@spglobal.com with a copy to pricegroup@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 those not marked as confidential available upon request.