S&P Global Platts has decided to launch a FD NWE food grade pellet spot price assessment for recycled polyethylene terephthalate in light of market demand and effective February 6, 2019.
The assessment will better capture the full range of the European R-PET market and will complement the existing FD NWE R-PET flake assessment.
The weekly assessment will take into consideration price information gathered up to the close of the assessment process at 4:30 pm London time on Wednesdays and will reflect material with a minimum IV of 0.8 in minimum 20 mt parcels for delivery in Northwest Europe within 3-30 days from the date of publication.
The proposed northwest Europe food grade pellet assessment will be published on Platts real-time Petrochemical Alert page PCA 506, in Polymerscan, on Platts Market Center and in Platts Market Data.
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