Energy and metals information provider Platts, a division of The McGraw-Hill Companies, Inc., US, has expanded its suite of petrochemical price references to include weekly assessments of five polymers imported into Brazil and key to the manufacturing of film and plastics in Latin America.
The assessments reflect the open-market, spot value of the polymers on a cost-and-freight (CFR) basis delivered into key ports in Brazil, a rapidly growing player in the global petrochemical market.
Quoted in US dollars per metric ton, the new references are based on 250- to 500-metric-ton cargoes for near-term delivery. The assessments will be published on a weekly basis, every Wednesday via real-time information service Platts Petrochemical Alert and the Platts Polymerscan newsletter as well as other online and print publications containing news market commentary and price information.
With this launch, Platts now provides nearly two dozen polymer assessments in Latin America, which are aimed at offering a more transparent view of price discovery in the physical markets for participants in the areas of trade, distribution, production and consumption and other interested parties.
The price assessment methodology used by Platts in polymers has been developed in consultation with a cross section of key industry players and policymakers, draws upon Platts' century of experience in benchmark price reporting in the energy markets and is underpinned by robust quality guidelines.
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