Platts changes CFR South Asia weekly acetic acid assessment payment terms, delivery laycan

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

The change was first proposed in a subscriber note published Oct. 8 and the decision note can be found here.

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

The changes affect the price assessments under the following code:

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

Please direct any questions or comments topetchems@spglobal.com with a copy to pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments 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.