Chemicals, Polymers

November 01, 2024

Platts launches weekly Asia, Europe natural rubber assessment Nov 1

Platts, part of S&P Global Commodity Insights, has launched weekly natural rubber Southeast Asia and Northwest Europe spot assessments, effective Nov 1.

Platts will assess technically specified rubber 20 (TSR 20) on a free-on-board basis in Southeast Asia and a delivered, duty-paid basis in Northwest Europe.

The new assessments were originally proposed in a note published Sept. 17, and the decision was made in a note published Oct. 4.

The assessments will have the following parameters:

Basis and location FOB Southeast Asia: Indonesia (Belawan, Surabaya), Malaysia (Port Klang, Penang), Thailand (Bangkok) and Vietnam (Ho Chi Mihn City) DDP Northwest Europe
Volume Standard 100 mt Minimum 20 mt
Specifications

Maximum dirt content of 0.16%-0.2% wt

Maximum ash content of 0.8%-1%wt

Maximum nitrogen content of 0.6%wt

Maximum dirt content of 0.16%-0.2% wt

Maximum ash content of 0.8%-1%wt

Maximum nitrogen content of 0.6%wt
Laycan Loading 30-60 days forward Delivery in 3-30 days forward
Payment terms CAD (Cash against document) Market standard
Symbol code SMSIV00 SMSIW00
Symbol code (monthly average) SMSIV03 SMSIW03

TSR 20 includes Standard Malaysia Rubber (SMR 20), Standard Indonesian Rubber (SIR 20), Standard Thai Rubber (STR 20) and Standard Vietnam Rubber (SVR 20).

Market information for products with other specifications and non-standard terms may be considered for the assessment and may be subject to normalization to the standard specifications and terms.

The assessments will be published every Friday, following Singapore and UK publishing schedules, respectively.

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