S&P Global Platts to launch US recycled PET pellets assessment

Subscriber note for FOOD Grade Pellets assessment

S&P Global Platts will launch a daily spot price assessment for US recycled polyethylene terephthalate food-grade pellets with effect from November 16, 2020.

This assessment follows the July 1, 2020 launch of spot price assessments for US recycled PET flake, and continues to expand Platts' coverage of the recycled polymers markets in the US.

The recycled PET assessment will reflect clear R-PET pellets traded on the US West Coast normalized to a FOB Los Angeles basis, for loading 3-30 days forward. The assessment will reflect spot transactions with a typical volume size of 1-5 truckloads (approximately 40,000-200,000 lbs). In the absence of market indications, a pricing formula will be used which includes the R-PET flake price as the base level plus a premium to account for variable costs associated with food-grade pellet production. Material should have an intrinsic viscosity between 0.76-0.82 and a PVC content no higher than 10 ppm. Acetaldehyde (AA) levels should not exceed 1 ppm.

The assessments will be published in Polymerscan, on Platts Market Center, the Petrochemical Service on the Platts Platform and on Platts Petrochemical Alert pages PCA 624, PCA 574, PCA 441 and under the following symbols:

AFGPA00 Recycled PET Food Grade Pellets FOB Los Angeles cts/lb

AFGPA04 Recycled PET Food Grade Pellets FOB Los Angeles cts/lb WAvg

AFGPA03 Recycled PET Food Grade Pellets FOB Los Angeles cts/lb MAvg

AFGPB00 Recycled PET Food Grade Pellets FOB Los Angeles $/mt

AFGPB04 Recycled PET Food Grade Pellets FOB Los Angeles $/mt WAvg

AFGPB03 Recycled PET Food Grade Pellets FOB Los Angeles $/mt MAvg

Additionally, a weekly market commentary for the recycled PET markets, published on a Wednesday, will be published on PCA page 1542, and the daily rationale will be published on PCA 1545.

For questions or comments, please email americaspetrochemicals@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.