Overview

 Based on contract prices reported from the market, our PTI is:

- Published on the first working day of the month
- Free from editorial bias
- Resistant to non-market adjustments

The Argus PTI avoids delays in price settlements and provides a transparent methodology that is not subject to interpretation or opinion, with the aim of reflecting a reasonable market price for ratable sales of prime resin in the US market.

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Price assessment details

Published on the first working day of the month: This avoids issuing credit notices or additional invoices.

Based on the previous month’s market trends and prices: The Argus PTI Index price assessment is less volatile and more representative of individual resins. 

Avoids non-market adjustments: Our methodology has been developed in partnership with the market and avoids any discounts or other factors agreed historically within the market.

Access to specialists: This supplement is part of the Argus Global Polyethylene service, where our experts know your markets and deliver weekly polyethylene contracts and spot benchmarks, global industry news and analysis of key economic drivers.

A formula-based price: The Argus PTI is created on the completed-month average spot FAS export price, the prior month’s Argus Index price, and the ratio of domestic and export sales volumes as reported by the American Chemistry Council (ACC).