Platts proposes CFR West Africa polyolefins laycan change May 6

Platts, part of S&P Global Energy, proposes to revise the laycan dates for all CFR West Africa polyethylene (PE) and polypropylene (PP) assessments to 30-60 days forward from the day of publication, effective May 6.

Platts currently publishes CFR West Africa assessments, reflecting cargoes for delivery within a 15-45 days forward laycan.

Platts has observed polyolefins trade flow changes in the West Africa market resulting from disruptions to shipping routes, which has contributed to longer transit times, as well as the emergence of more import volumes from China for PP. Hence, typical delivery dates for spot traded cargoes are further forward.

The following assessments would be affected:

The weekly assessments would continue to be published on Wednesday, alongside weekly commentaries and rationales which appear in Polymerscan and on S&P Global Energy Core. Platts currently publishes the African polyethylene and polypropylene assessment on page 239 of the Platts Petrochemical Alert. All assessments will continue to appear on pages PCA0239, PCA0787, PCA0788 (for PE grades) and PCA0239, PCA0538, PCA0539 (for PP grades).

Please send all comments, feedback, and questions to pricegroup@spglobal.com and pl_petchems_ln@spglobal.com by April 1.

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 make comments not marked as confidential available upon request.