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) |