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08 Dec 2017 | 06:28 UTC — Singapore
S&P Global Platts will change the weekly Asia polypropylene China domestic ex-works raffia assessment from a weekly to a daily assessment, effective February 1, 2018.
This is currently assessed up to the close of the assessment window at 4:30 pm Singapore time (0830 GMT) on Wednesdays.
The date also represents an update from the initial proposal start date of January 2, 2018.
This change in methodology follows feedback, and will capture daily price movements seen in the PP China domestic market. PP China domestic raffia in Yuan/mt is ex-works basis inclusive of the 17% value added tax and 6.5% import duties.
Please direct any questions or comments to petchems@spglobal.com with a copy to pricemethodology@spglobal.com.
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 these comments available on request.