Platts launches weekly PP homopolymer injection, PP raffia CIF ARA spot price assessments

Platts, part of S&P Global Energy, has launched weekly CIF ARA spot assessments for homopolymer injection grade polypropylene and raffia grade polypropylene, effective Sept. 23.

The new assessments provide greater transparency into the growing European polypropylene import market and complement the existing domestic European polypropylene price assessments.

Details of the assessments are as follows:

Product Grade	PP Homopolymer Injection	PP Raffia
Symbol	ELHIW04, ELHIW03 (Monthly Average)	ERPCW04, ERPCW03 (Monthly Average)
Basis and location	CIF ARA	CIF ARA
Cargo size	Min. 100 mt - Max. 500 mt	Min. 100 mt - Max. 500 mt
Laycan (Delivery)	45-60 days forward	45-60 days forward
Currency/Unit of Measure	$/mt	$/mt
Quality	MFR 5.0-30.0/10 minutes @230°C	Minimum MFR 3.5g/10 minutes @230°C

The assessments take into consideration price information gathered up to the close of the assessment process at 4.30 pm Wednesday London time, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

The weekly assessments appear alongside the existing weekly commentaries and rationales for European polypropylene in Polymerscan and on S&P Global Energy Core, as well as on the fixed page PCA0239.

Please send all comments, feedback and questions to pricegroup@spglobal.com and petchems@spglobal.com .

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 those not marked as confidential available upon request.