Platts launches US Midwest daily recycled PET flake assessment

S&P Global Platts has launched a daily spot assessment on Jan. 10, 2022, for packaging-grade recycled PET flake in the US Midwest region to broaden Platts' coverage of the recycled PET markets, considering increasing consumer demand for recycled plastic.

The new assessment reflects the following specifications and terms:

Contract: Spot

Location basis: US Midwest states, normalized to an FOB Chicago basis. Price information in adjacent regions, such as the US Southeast and East Coast, may be taken into consideration and normalized for assessment purposes.

Loading dates: One to 30 days from the date of publication

Quality: Clear PET flake, which has been through a hot-washed process and derived from 100% post-consumer recycled content, with an intrinsic viscosity of 0.72-0.78 dl/g and PVC content no higher than 50 ppm. Price information on recycled PET of other specifications may be normalized to standard specifications.

Typical volume: One to five truckloads (approximately 40,000-200,000 lb)

Timestamp: 16:00 CT

Frequency: Daily

The assessments are published on Petrochemical Alert page PCA0624, in Polymerscan, Platts Platform, Platts Market Center, and in Platts price database under the following codes:

Description Daily code Mavg Wavg

Clear Packaging Grade R-PET Flakes FOB Chicago $/mt ACPGB00 ACPGB03 ACPGB04

Clear Packaging Grade R-PET Flakes FOB Chicago cts/lb ACPGA00 ACPGA03 ACPGA04

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