What are Asia Recycled HDPE price assessments?
Platts recycled high density polyethylene FOB spot assessment covers film grade clear pellets in Southeast Asia and complements Platts existing virgin PE assessments in Asia.
The spot assessment has the following specification:
Grade: Film grade clear, transparent and natural colored pellets suitable for consumer packaging applications
Cargo size and basis: Minimum 15 mt for loading 15-30 days forward from the date of publication, from Port Klang in Malaysia, Bangkok in Thailand, Jakarta in Indonesia, Singapore, Batangas in Philippines and Cat Lai in Vietnam.
Price information on loadings from other ports within Southeast Asia may be taken into consideration and normalized to the basis ports for the assessment.
The assessment reflects standard market payment terms. Typical market payment terms are on a telegraphic transfer basis, with a 30% deposit and the rest of the payment on arrival.
Platts takes into consideration price information gathered up to the close of the Platts Market on Close assessment process at 4:30 pm Singapore time (0830 GMT).
The price assessment is complemented by a daily rationale and weekly commentary, which explains how the price assessment is reached and delves into the market fundamentals observed throughout the week.