Indices Reflect Global Transportation Fuels,
Conventional Energy, Industrial Materials, Decarbonization and
Recycled Packaging
HOUSTON and NEW
YORK and SINGAPORE,
Dec. 2,
2024 /PRNewswire/ -- Platts, part of S&P Global
Commodity Insights, the leading independent provider of
information, analytics and benchmark prices for the commodities and
energy markets, today announced the expansion of its commodity
price assessment portfolio to feature commodity sector indices.
These indices reflect compilations of spot physical prices from the
oil, natural gas, liquefied natural gas (LNG), carbon, metals,
chemicals and biofuels markets, and provide additional big-picture
value trends related to global commodity markets.
Annette Hugh, Global Head of
Market Development and Engagement, S&P Global Commodity
Insights, said: "Our five new global indices provide an
at-a-glance, macro view of physical market pricing trends in key
global commodity sectors. Platts' world-renowned commodity price
benchmarks underpin these indices, which provide a first-of-a-kind
trend price reference for critical global markets based on spot
market values."
The new Platts global commodity indices (with URL link to
price) include:
- Platts Global Transportation Fuels Index: The daily index
features key Platts transportation fuels price assessments across
road, air, sea and rail, providing a macro view of physical pricing
cost trends in the global transportation market.
- Platts Conventional Energy Index: The daily index is
underpinned by core price benchmarks in the conventional energy
space, including crude oil, gas, LNG, coal and nuclear, providing
global energy suppliers and consumers with a macro indicator of the
trend of conventional energy fuels.
- Platts Industrial Materials Index: The daily index provides a
global, macro pricing trend of key raw materials used in industrial
production processes, including iron ore, coking coal, plastics,
rubber and aluminum.
- Platts Decarbonization Index: The daily index represents the
theoretical cost to offset carbon emissions using a basket of
increasingly sought-after segments of the voluntary carbon market,
such as nature-based avoidance, household devices and technology
carbon capture credits.
- Platts Global Recycled Packaging Index: The daily index
provides the consumer packaging/fast-moving consumer goods (FMCG)
sectors with a global indicator for key recycled materials,
including used beverage cans, recycled polyethylene terephthalate
(PET) used in plastic bottles, and recycled polypropylene (PP) and
polyethylene (PE) used in food packaging and manufacturing
processing, respectively.
The Platts global commodity indices show how related market
segments are performing. More than 380 companies have already
interacted with these indices since the exploratory beta-testing
launch in recent months, with heightened interest coming from the
global transportation sector. The Platts Global Transportation
Fuels Index is down 9.5% in value year to date through October,
reflecting a steady decline in inflationary pressure stemming from
the cost of fuel prices. The index is particularly relevant, as
transportation fuel cost is a key component of most governments'
macroeconomic inflation data and there is much attention on the
escalation in geopolitical tensions along key seaborne transport
routes this year, as well as continued rapid electrification of the
global vehicle fleet.
Vera Blei, Head of Market
Reporting and Trading Solutions, S&P Global Commodity Insights,
said: "Platts' robust physical price assessments serve
as the key ingredient for these indices which we believe observers
of global commodity markets will increasingly reference in tandem
with Platts physical spot assessments as a means of comparing the
broader market versus a specific physical commodity
benchmark."
For greater detail on the methodology behind these indices,
access: Global Commodity Indices Specification Guide.
The suite of Platts global commodity indices are available
via the products and services of S&P Global Commodity Insights,
including such as Platts Connect and Commodity Insights
Live.
Media Contacts:
Americas: Kathleen Tanzy + 1
917-331-4607, kathleen.tanzy@spglobal.com
EMEA: Paul Sandell + 44 (0)7816 180039,
paul.sandell@spglobal.com
Asia: Melissa Tan
+ 65-6597-6241, melissa.tan@spglobal.com
About S&P Global Commodity Insights
At S&P
Global Commodity Insights, our complete view of global energy and
commodity markets enables our customers to make decisions with
conviction and create long-term, sustainable value.
We're a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition.
Platts® products and services, including leading
benchmark price assessments in the physical commodity markets, are
offered through S&P Global Commodity Insights. S&P
Global Commodity Insights maintains clear structural and
operational separation between its price assessment activities and
the other activities carried out by S&P Global Commodity
Insights and the other business divisions of S&P
Global.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodityinsights.
©2024 by S&P Global Commodity Insights, a division of
S&P Global Inc.
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SOURCE S&P Global Commodity Insights