Following market consultation, S&P Global Platts has changed the frequency of its free delivered northwest Europe and FCA Antwerp high-density polyethylene spot price assessments from weekly to daily, effective July 29, 2020.
The change follows a proposal published on June 3, 2020, in a subscriber note available here: http://plts.co/H11W30qRDuh
The proposed change was confirmed on June 22, 2020, in a subscriber note available here:
The move to daily frequency aligns with daily coverage of the virgin low density and linear low density polyethylene and recycled HDPE spot markets.
The daily assessments of blow molding, injection and film grade HDPE in Eur/mt take into consideration price information gathered up to the close of the assessment process at 16:30 London time and continue to reflect delivery within 3 to 30 days from the date of publication.
The change affects the following:
HDPE B/Mldg FD NWE: AALUF00
HDPE B/Mldg FCA Antwerp: AAVKE00
HDPE Inj FD NWE: AALUD00
HDPE Inj FCA Antwerp: AAVKD00
HDPE Film FD NWE: AALUH00
HDPE Film FCA Antwerp: AAVKF00
Platts continues to publish a weekly commentary and rationale every Wednesday and has introduced new weekly averages calculating from Thursday to Wednesday.
The new weekly averages are found under the following codes:
HDPE B/Mldg FCA Antwerp Eur/mt WAvg: AAVKE04
HDPE B/Mldg FD NWE Spot Eur/mt WAvg: AALUF04
HDPE Film FCA Antwerp Spot Eur/mt WAvg: AAVKF04
HDPE Film FD NWE Spot Eur/mt WAvg: AALUH04
HDPE Inj FCA Antwerp Spot Eur/mt WAvg: AAVKD04
HDPE Inj FD NWE Spot Eur/mt WAvg: AALUD04
Platts European HDPE assessments appear in Polymerscan, on Platts Petrochemical Alert pages 272, 239 and 573 and in the Platts price database. The daily assessments also appear on Platts Petrochemical Alert page 571.
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