Platts to launch weekly Turkish PET, recycled PET light blue flake spot assessments

Platts, part of S&P Global Energy, will launch weekly ex-works Turkey spot assessments for both virgin polyethylene terephthalate and recycled PET light blue flakes, effective April 1.

The assessments, the first Turkish PET and R-PET assessments to be published by Platts, will complement existing global PET and R-PET Platts assessments.

The new ex-works Turkey assessments will be published in $/metric ton and will take into consideration price information gathered up to the close of the assessment process each Wednesday at 4:30 pm London time.

The assessments were first proposed in a subscriber note Feb. 3 and are available here.

Details of the specifications:

Pricing information with terms, locations and specifications different from the above standard may be considered for assessment purposes, subject to normalization.

Platts will publish a Turkish PET and R-PET commentary and rationale on Wednesdays, which will include information on the new assessments and will also appear on S&P Global Energy Core, Platts Petrochemical Alert fixed pages 503, 441, 574, Platts Market Center, and in Polymerscan and Sustainable Polymerscan.

Please send any questions, comments or feedback to petchems@spglobal.com with a copy to 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.