S&P Global Platts has launched a new daily recycled low density polyethylene (R-LDPE) film pellet FOB Southeast Asia assessment on June 23, 2021 to meet growing demand for pricing information in the recycled plastic markets.
The new assessment reflects natural pellets used for consumer packing applications, and will be published in $/mt. The assessment also reflects cargo sizes of 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 the 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.
The assessment also reflects a typical melt flow index of 0.2-2.2 when measured at 190 degrees Celsius with a 2.16 kg sample, and a mesh size of minimum 80.
Platts may also take into consideration recycled polyethylene (PE) of other specifications and may normalize price information to the standard specifications reflected for the assessment.
The assessment considers price information gathered up to the close of the Platts Market on Close assessment process at 4:30 pm Singapore time (0830 GMT) and follows the Singapore publishing schedule.
The assessment appears on Asian Petrochemicalscan, Polymerscan, Platts Petrochemical Alert pages 409, 441, 574 and the Petrochemicals Service on Platts Market Center, under the following price database symbols:
The daily rationale for the daily assessment is published on PCA page 739, while the weekly commentary is published every Wednesday on PCA page 738. The weekly average will be published every Wednesday.
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