Following market consultation, S&P Global Platts will launch a daily spot price assessment for CFR Turkey polypropylene fiber grade, effective March 11.
The assessment will better capture the full range of the Turkish polypropylene market and will complement the existing weekly CFR Turkey polypropylene homo injection, CFR Turkey polypropylene copolymer and CFR Turkey PP raffia assessments.
The assessment was first proposed on January 17 in a subscriber note available here: http://ow.ly/bOZY30qeSVg
The daily assessment will take into consideration price information gathered up to the close of the assessment process at 4:30pm London time.
The assessment will be on a CFR Turkey Istanbul basis in $/mt for cargo volumes of up to 1,000 mt for delivery into Turkey within 3 to 30 days from the date of publication.
The assessment will exclude import duties and will reflect imported prime material with a melt flow rate of 18-35 g/10min at 230°C.
The Turkish polypropylene fiber grade assessment will be published on Platts real-time Petrochemical Alert pages PCA 0280 and PCA 0239 in Polymerscan, Platts Market Center and Platts Market Data.
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