Platts to amend the CFR Brazil polypropylene laycan to 71-100 days forward

Platts, part of S&P Global Energy, will amend the delivery-timing specification for its polypropylene CFR Brazil spot assessments from 20-40 days forward to 71-100 days forward to better reflect prevailing spot trading norms, effective Nov. 18.

The change reflects growth in the market share of Middle Eastern, Egyptian and Asian materials, which account for the majority of spot transactions in the Brazilian market, based on Platts' observations and collected data.

Based on market feedback, Platts understands that Middle Eastern, Egyptian and Asian materials typically trade within a longer delivery timing of 71-100 days forward. An update of the delivery timing specification to 71-100 days forward will enable cargoes from these regions to be more effectively reflected in the assessment.

The change was first proposed on Sept. 21 in a note available here.

The assessments below will be affected by the proposed change:

Other specifications for these assessments will remain unchanged. Additional details about these assessments can be found in the Americas Chemicals Specifications Guide.

The assessments currently appear in their existing locations in Polymerscan and Polymerscan Latin America, on fixed pages PCA0246, PCA0283, and PCA0463 on S&P Global Energy Core, and in the Platts Price Point Database.

Platts will also adjust the existing CFR Brazil polyethylene assessments to reflect delivery 40-70 days forward. These changes will take effect on Nov. 18. The decision note can be found here.

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

For written comments, please clearly indicate if they are not intended for publication by Platts for public viewing. Platts will review all comments received and make non-confidential comments available upon request.