Chemicals

September 17, 2024

Platts proposes to launch Ethyl Acetate FOB China, CFR SEA weekly spot assessment

Platts, part of S&P Global Commodity Insights, is proposing to launch Ethyl Acetate FOB China and CFR Southeast Asia spot assessments, effective Nov. 5.

Details for the proposed assessments are as follows:

Ethyl Acetate FOB China CFR SEA
Basis and Locations Zhuhai, Taizhou, Jingjiang andZhenjiang Merak (Indonesia), Vungtao, Haiphong, Dongnai (Vietnam), Bangkok (Thailand), Port Klang, Pasir Gudang (Malaysia)
Standard spot cargo Size 1kt 1kt
Product Specifications

Minimum purity of 99.5%,

Maximum water content of 0.05%

Maximum alcohol content of 0.05%

Minimum purity of 99.5%,

Maximum water content of 0.05%

Maximum alcohol content of 0.05%
Loading/Arrival Time 15-35 days forward loading 25-45 days forward delivery
Currency/Unit of Measurement $/MT $/MT
Credit Terms LC at sight LC at sight

Platts would consider price information for Indonesia, Vietnam, Thailand and Malaysia for the CFR SEA assessment. Platts understands that the prices are currently consistent across the key ports in these countries, such as Merak (Indonesia), Vungtao, Haiphong, Dongnai (Vietnam), Bangkok (Thailand), Port Klang, Pasir Gudang (Malaysia). In case of price deviation, Platts would normalize to basis Indonesia.

The proposed weekly assessment would take into consideration price information gathered up to the close of the assessment process at 4:30 pm Singapore time on Tuesdays and follow the Singapore holiday calendar.

Please send any comments or questions to petchems@spglobal.com and pricegroup@spglobal.com.Please send any further feedback or questions by Oct. 1.

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.