November 14, 2024

Platts launches weekly Turkish, Indian acrylic staple fiber spot assessments Nov 14

Platts, part of S&P Global Commodity Insights, has launched 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. The subsequent decision to assess these markets was published Oct. 16 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 mt Min 25 mt
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 take into consideration price information gathered up to the close of the assessment process on Thursdays at 16:30 London and Singapore time, respectively. The assessments follow the London and India publishing calendars, respectively.

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

Please send any questions, comments or feedback 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 comments not marked as confidential available upon request.