Our Price Explained
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What Are US Recycled Pet Price Assessments?
What Are US Recycled Pet Price Assessments?
Platts recycled polyethylene terephthalate assessments cover the following markets in the Midwest and West Coast regions of the United States:
- Post-consumer PET bottle bales: FOB LA Premium-grade
- Post-consumer PET bottle bales: FOB LA Curbside
- Post-consumer PET bottle bales: FOB Chicago Curbside
- Clear Flakes: FOB Los Angeles
The above markets are assessed on a daily basis in cents/lb for spot material loading 0-7 days forward from the day of publication for bottle bales and for spot material loading 3-30 days forward for clear flakes.
The daily assessments are also converted to $/mt.
Our assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor up to the close of business (4:00 pm Central Standard Time).
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How We Assess US Recycled Pet Prices
How We Assess US Recycled Pet Prices?
Platts assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor up to the close of business (4:00 PM CST).
All the information used to inform the assessment is published transparently on our platforms as "heards". An assessment rationale is published explaining what the assessments are and how they have been reached.
A weekly market commentary accompanies the price assessments and rationale, which highlights the most important trends that have affected the markets that week and provides insight into what the market expects over the coming weeks.