Platts launches FOB China Acrylonitrile assessment July 7

Platts, part of S&P Global Energy, has launched a new weekly FOB China Acrylonitrile (ACN) assessment, effective July 7.

The assessment complements Platts' existing coverage of acrylonitrile and propylene markets in Asia, as well as reflects China's increasing export presence in the region.

Details of the assessment:

Assessment	FOB China Acrylonitrile
Basis Location	Major ports including Basuo, Caojing, Lianyungang, Liaoning, Nantong, Zhoushan
Cargo size	2,000-4,000 metric tons
Laycan	Loading 20-40 days forward from the day of publication
UoM	$/mt
Credit Terms	LC 30 days
Specifications	Minimum purity of 99.5%

The FOB China ACN assessment was first proposed in a note published April 20 available here with a subsequent note published May 22 to announced the launch.

Pricing information outside the listed specifications may be normalized to the standard specifications for assessment purposes.

The new assessment is published in Fiber Marketscan, on PCA177, PCA0458, Platts database, and on S&P Global Energy Core under the following symbols and description:

Description	Symbol	Mavg
ACN FOB China Weekly	PHFOA04	PHFOA03

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