Platts is a provider of energy and metals information and a source of benchmark price assessments in the physical energy markets. The business was started with the foundation in 1909 of the magazine National Petroleum News by Warren C. Platt. Systems of similar nature are very common, with variants seen in the futures markets where the energy and financial exchanges publish daily settlement prices reflective of activity at the close of markets. In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the mean of the high and low quotations appearing in the "Platts European Marketscan" under the heading "Northwest Europe cargoes" subheading "CIF NWE/Basis ARA" for "Jet" for each business day (as specified below) in the determination period. This in-depth online resource is the next best thing to attending one of our dedicated oil Methodology sessions presented by Platts editors who understand the oil markets and assess the prices. On Aug. 16, 2021, Platts would assess Summer 2022 and Winter 2022 prices. Prices shall be quoted in U.S. dollars and cents per metric ton. Platts Jet Fuel Price Index is calculated by S&P Global Platts using that organization's proprietary daily assessments for Jet Fuel spot prices in the relevant regional centers. Platts Products. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). Platts’ transparent and robust price assessment methodology is applied throughout our range of dedicated, unbiased oil and shipping products. Subject to Section 5.3, the price applicable to all sales of Fuel delivered at the Unloading Point shall be the SUM (expressed in US$) of (i) the Platt's Index Price of the Fuel plus (ii) the average of: (a) a premium of $1.81 per barrel on the 3.0% Sulfur Price (as defined in Section 1.15) and (b) a premium of $1.18 per barrel on the 2.2% Sulfur Price (as defined in Section 1.15). The Jet CIF NWE Cargoes (Platts) Average Price Option is a premium-paid-upfront option. The reference price will be a price in USD and cents per metric tonne equal to the final settlement price of the Platts Naphtha CIF NWE Cargoes Swap Future for the contract month. Platts' market-on-close (MOC) is a price-discovery system designed to yield a price assessment reflective of market values at the close of the typical trading day. Platts Price Analyzer. In our latest featured announcement, S&P Global Platts will launch two new low-carbon aluminum price assessments for the European market, effective April 6, 2021. These guides are designed to give Platts subscribers as much information as possible about a wide range of methodology and specification questions. CONTRACT SPECIFICATIONSThe Floating Price for each contract month will be equal to the bidweek (average) price (“Bidweek Price”) found in Platts Inside FERC (“IFERC”) Gas Market Report under the “Kern River Gas Transmission Co., Wyoming” heading in the “index” published column of the table entitled "Prices of Spot Gas Delivered to Pipelines" for the corresponding contract month. Welcome to Platts Price Assessment Methodology Explained This in-depth online resource is the next best thing to attending one of our dedicated Methodology sessions presented by Platts editors who understand the oil markets and assess the prices. This is the “plus” element to enable the final price of fuel chargeable to the Contracting Body; Sample 1. Market Insights and Analytics Commodity Prices and Essential Market Data Real-Time News, Prices and Analysis Maps and Geospatial Data Forward Curves and Risk Valuation Data Our Methodology Methodology & Specifications Price Assessments Subscriber Notes Price Symbols Symbol Search & Directories Corrections Complaints These prices are not based on market activity. Platts price-assessment systems have been developed over many decades, are fully open to public view and are overseen by a compliance group independent of the editorial staff. Tell me more + Platts may issue further updates and enhancements to this guide and will announce these to subscribers through its usual publications of record. Platts Plus means the pricing mechanism, to be specified further by aContracting Body before awarding a Call Off Agreement, under which the Suppliers add margins to fixed weekly Platts prices. Definition of. S&P Global Platts provides independent energy news and benchmark prices for commodity markets around the world, helping you to act with conviction. When exercised against, the Clearing House, at its discretion, selects sellers against which to exercise on a pro-rata basis. S&P Global Platts will launch two new low-carbon aluminum price assessments for the European market, effective April 6, 2021. Subject to Section 5.3, the price applicable to all sales of Fuel delivered at the Unloading Point shall be the SUM (expressed in US$) of (i) the Platt's Index Price of the Fuel plus (ii) the average of: (a) a premium of $1.81 per barrel on the 3.0% Sulfur Price (as defined in Section 1.15) and (b) a premium of $1.18 per barrel on the 2.2% Sulfur Price (as defined in Section 1.15). S&P Global Platts is a provider of energy and commodities information and a source of benchmark price assessments in the physical commodity markets. When exercised against, the Clearing House, at its discretion, selects sellers against which to exercise on a pro-rata basis. S&P Global Platts is the leading independent provider of information and benchmark prices for the commodities and energy markets. In the event that Platt's ceases to be published or is not published for a period of thirty (30) consecutive days, the Parties shall agree on an alternative daily publication. The new daily assessments, which complement existing Platts European price offerings for high-grade P1020, will include a Low-Carbon Aluminum Price (LCAP) and a Zero-Carbon Aluminum Price (ZCAP) for Good Western-origin, minimum 99.7% aluminum ingot … Privacy policy.Version 1.0.16. sales@the-omj.com When exercised against, the Clearing House, at its discretion, selects sellers against which to exercise on a pro-rata basis. This flexible tool is the best way of analysing and comparing any of the price series that Platts provides. The reference price will be a price in USD and cents per barrel equal to the final settlement price of the Singapore Gasoil 0.05% (Platts) Future for the contract month. For example, on Feb. 16, 2021, Platts would assess Winter 2021 and Summer 2022 prices. The reference price will be a price in USD and cents per gallon equal to the final settlement price of the Platts Gulf Coast Jet Fuel Swap Future for the contract month. Overnight (Globex) prices are shown on the page through to 7pm CST, after which time it will list only trading activity for the next day. These prices are … The time frame can be over a week, a … Simply choose the series you want to review and then select start and end dates, the currency (historical exchange rates are applied), the units (metric tonnes / short tonnes/ kg / lb) and the frequency of display. Platts means a price benchmark service for the oil industry. ... real-time market data feeds. If the reference source used to determine Platt's Index Price ceases to be published or is not published for any period applicable to the price calculation described in Section 6.1 for reasons other than normal non-publication (i.e., weekends and holidays as defined by Platt's), EPOS agrees to act in accordance with PQPC's instructions in the negotiations occurring under Section 6.2 of the Glencore Contract for selecting an alternate publication or source. For the three months ended March 31, 2019 and 2018, our gross price realization represents a volume weighted-average calculation of our daily realized price per ton based on gross sales, which excludes demurrage and other charges, as a percentage of the Platts Index. Position Limits and Position Accountability For purposes of calculating compliance with position limits, each contract will be aggregated with positions held in Japan C&F Naphtha (Platts) Swap futures. Under this framework the commodity element of the price of the fuel purchased is calculated by reference to the Platts Index which can change on a daily basis. SGX PLATTS Singapore Fuel Oil 380cst price information, historical data, charts, stats and more. You can read more about the launch here. MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts. Ac- cordingly, the initial Base Freight rate/s shall be varied depending on Platts bunker index as follows:Ff = (F i *0.22 * (E)n /(E)o ) + ( Fi *0.78)Where; Suffix “n” from 01st Jan 2020 onwardsTo denote mean of Platts Index Price (US$) of 0.5% Very Low Sulphur Fuel Oil (VLSFO) at Singapore or Colombo as applicable for the preceding month to the month, which includes Bill of Lading Date of the relevant shipment. SINGAPORE GASOIL 500 PPM (PLATTS) FUTURES - QUOTES Globex. Discover how you can access our oil prices, news & analysis Platts Oil Methodology Explained – On Demand. Platts assessments take into account firm bids and offers that meet Platts rigorous editorial guidelines, with an open and transparent price discovery process, known as the Platts Market on Close assessment process, bringing trading information into sharp focus, and displaying it … Once the markets have closed, the Last Price will show an 's' after the price, indicating the price has settled for the day. Click here to view: www.plattsmethodology.com For Saturdays, Sundays, holidays, and other days for which Platts Oilgram Price Report does not publish an effective price, the effective price shall be the effective price for the Operating Day following the holiday or day without a published price. Platts has no financial interest in the price of the commodities on which it reports. The seasonal assessments roll over on the first pricing day when the WIM pricing month is either April or October. When a market is not assessed on a particular day, for instance because of a market holiday, the previous working day's spot assessment is … The traded premium will therefore be debited by the Clearing House from the Buyer and credited to the Seller on the morning of the Business Day following the day of trade. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). Platts pricing plus a premium or minus a discount is the preferred pricing mechanism on this requirement. Platts Oil helps to develop, connect & explain the market price of crude oil and oil products. 6 (3.0 % S) fuel of the "Platts Oilgram Price Report" published during the week in which the first day of the month occurs. The page will always show prices from the latest session of the market. Platts was founded in Cleveland, Ohio in 1909 by Warren C. Platt to provide "reliable market-based price information" on the oil industry. Copyright 2021 OMJ Limited. On this page you will find the latest Metals and Mining news, information, and analysis from S&P Global Platts. The minimum price fluctuation shall be $0.001 (0.1¢) per metric ton. S&P Global Platts and Argus Media are recognized as the two most significant price reporting agencies for the oil market. All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-. Platts Prices means the average of the price range of a particular grade of crude oil as published in the Crude Price Assessments table of Platt's Oilgram Price Report. Platts Plus. All rights reserved. 1246101.D. 2 fuel and No. A monthly HMA production fuel index will be established based on the average area terminal price reports for No. Assess Winter 2021 and Summer 2022 and Winter 2022 prices usual publications of record will always prices. Of fuel chargeable to the Contracting Body ; Sample 1 Platts means a price service... 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