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Platts proposes to launch new CFR Med caustic soda spot price assessment

S&P Global Platts is proposing to launch a weekly CFR Mediterranean caustic soda spot price assessment, effective April 7, 2020.

The CFR Mediterranean assessment in $/mt would take into account delivery to ports in Italy, Spain and Greece for volumes from a minimum cargo size of 2,000 dry metric tons. The delivery period would be 3 to 30 days from the date of publication.

The product specification would reflect caustic soda solution 50% commercial grade from either the membrane or diaphragm cell production process.

The assessment would take into consideration price information gathered up to the close of the assessment process at 4.30pm Tuesday London time.

Platts European caustic soda price assessments appear in Solventswire, on Platts Petrochemical Alert pages 243, 380 and 391, and in the Platts price database. The proposed CFR Med assessment would also be available in these publications.

Platts invites feedback on the proposals to with copy to by February 25, 2020.

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 will make comments not marked as confidential available upon request.