| ACP |
Asian Contract Price |
| APCP |
Asian Posted Contract Price |
| API |
American Petroleum Institute (issues US petroleum statistics) |
| APPI |
Asian Petroleum Price Index |
| ARG |
German pipeline group, major ethylene inland distribution (Aethylen Rohrleitungs Gesellschaft) |
| bl/mldg |
Blow moulding (plastics reports) |
| BPAP |
BP Agreed Price (LPG quote in feedstocks) |
| C |
in paraffin wax to denote melt point in degrees Celsius |
| C-grade |
chemical grade (propylene) / commercial grade (toluene) |
| CP |
contract price |
| CSD |
carbonated soft drinks |
| CNO |
coconut oil |
| CST |
centistoke, unit of viscosity, ratio of a liquid’s absolute viscosity to the density of that liquid |
| DOE |
US Department of Energy |
| DTY |
drawn texturised yarn |
| EBM |
extrusion blow moulding (PET) |
| EGAF |
antifreeze grade ethylene glycol |
| EGF |
fibre grade ethylene glycol |
| EGI |
industrial grade ethylene glycol |
| ext |
extrusion (plastics) |
| FDY |
fully drawn yarn |
| FRASS |
freight rate assessment |
| GP |
general purpose |
| H1 |
first half (year) |
| H2 |
second half (year) |
| HD |
high density (plastics) |
| HIPS |
high impact polystyrene |
| ICP |
Indonesian crude price |
| INJ |
injection |
| IPE |
International Petroleum Exchange |
| LDPE |
low density polyethylene |
| LLDPE |
linear low density polyethylene |
| LPG |
liquid petroleum gases (butane and propane on feedstocks) |
| MAP |
monthly agreed price |
| MON |
motor octane number |
| MoU |
memorandum of understanding |
| MPGIM |
industrial – technical grade monopropylene glycol |
| MTH |
month |
| N+A |
naphthenes and aromatics (naphtha) |
| n/c |
no change |
| N-grade |
nitration grade (toluene) |
| NAT |
natural |
| NYMEX |
New York Mercantile Exchange |
| PC |
polycarbonate |
| P&C |
private and confidential |
| P-grade |
polymer grade (propylene) |
| PM |
propanol methoxy/methoxy propanol/propylene glycol ether |
| PMA |
propanol methoxy acetate |
| PFY |
polyester filament yarn |
| PSF |
polyester staple fibre |
| POY |
partially oriented yarn |
| Q1 |
first quarter (year) |
| Q2 |
second quarter (year) |
| Q3 |
third quarter (year) |
| Q4 |
fourth quarter (year) |
| R-grade |
refinery grade (propylene) |
| SBM |
stretch blow moulding (plastics) |
| s/d |
shutdown |
| SDY |
spin drawn yarn |
| SP |
spot price |
| SYN |
synthetic (glycerine, ethanol) |
| T1 |
material manufactured outside the EU and possibly subject to duty |
| T2 |
material manufactured within the EU |
| TVA |
temporary voluntary allowance |
| UPR |
unsaturated polyester resins |
| USP |
pharmaceutical grade |
| VLCC |
very large crude carrier |
| W-A |
weighted average |
| WTI |
West Texas Intermediate (US specification of crude oil) |
