S&P Global Platts launches two new daily Asia Poly Methyl Methacrylate (PMMA) assessments on a CFR basis into China and Southeast Asia from Dec. 14, 2020, in light of market demand for greater transparency in the MTBE, Acetone and Methyl Methacrylate (MMA) chains.
The CFR China and CFR Southeast Asia assessments will be published in $/mt, and will reflect spot parcel sizes of 20-40 mt for delivery 15-30 days forward from the date of publication. Platts will take into consideration price information gathered up to the close of the Market on Close assessment process at 4:30 pm Singapore time (0830 GMT).
The CFR China assessment will reflect deliveries into Guangzhou in South China, while the CFR Southeast Asia assessment will reflect products for delivery into Map Ta Phut in Thailand. Bids, offers, and trades and price indications heard for delivery into other ports will be normalized to the basis ports.
CFR China and CFR Southeast are assessed basis LC 30 days.
Both the CFR China and CFR Southeast Asia assessments will reflect general purpose injection PMMA grade with Melt Flow Index of 230 C*3.8KG, Izod Impact Strength 23 C Notched/-30 C Notched, and Vicat Softening Temp 1kg 50 C/hr, 5kg 50 C/hr.
The new assessments will be listed under the following symbols:
Symbol description Symbol
Asia Poly Methyl Methacrylate CFR China $/mt MAvg PMMAC03
Asia Poly Methyl Methacrylate CFR China $/mt WAvg PMMAC04
Asia Poly Methyl Methacrylate CFR China $/mt PMMAC00
Asia Poly Methyl Methacrylate CFR SE Asia $/mt MAvg PMMAA03
Asia Poly Methyl Methacrylate CFR SE Asia $/mt WAvg PMMAA04
Asia Poly Methyl Methacrylate CFR SE Asia $/mt PMMAA00
These assessments will be published on Platts Polymerscan and Petrochemical Alert pages PCA 0193 and PCA 0194, Platts Platform, Platts Market Center, and Platts’ price database.
Please direct any questions or comments to firstname.lastname@example.org with a copy to email@example.com.
For written comments, please provide a clear indication if they 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.