HOUSTON, July 1, 2024
/PRNewswire/ -- Global energy and commodity price reporting
agency Argus is launching a suite of indexes based on
polyethylene transactions in the US. These aim to increase market
transparency in the domestic markets.
The US polyethylene industry has evolved in recent years, and
exports now account for 45-50% of production. Domestic contract
prices are heavily influenced by spot market transactions. These
spot deals are a strong leading indicator for the domestic contract
prices negotiated monthly between producers and buyers in the
US.
The Argus Polyethylene Transaction Index (PTI) is a set of
calculated polyethylene prices based on domestic and export trading
activities. Published on the first business day of each month, the
PTI covers the three main polyethylene resin families: high-density
blow-moulding (HDBM), linear low-density butene film (LLDPEC4), and
general-purpose low-density polyethylene (LDPE).
The methodology for the PTI was designed in consultation with
participants across the whole polyethylene value chain. It reflects
prior month spot export polyethylene prices, weighted to account
for the balance between export and domestic sales volumes as
reported by the American Chemistry Council. The index excludes
discounts or other price adjustment factors and represents the
value of domestic sales of prime resin to large volume buyers in
railcar quantities.
Argus Media chairman and chief executive Adrian Binks said: "We are pleased to bring new
and timely price transparency to the US polyethylene contract
market settlements. Our methodology has been validated by
participant feedback and shown to avoid the uneven price
adjustments arising from bilateral rebate discounts and price
settlement delays that have characterised and caused problems for
this important market."
Argus contact information
London: Seana Lanigan
+44 20 7780 4200
Email Seana
Houston: Matt Oatway
+1 713 968 0000
Email Matt
Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko
About Argus Media
Argus is the leading independent provider of market intelligence
to the global energy and commodity markets. We offer essential
price assessments, news, analytics, consulting services, data
science tools and industry conferences to illuminate complex and
opaque commodity markets.
Headquartered in London with
over 1,400 staff, Argus is an independent media organisation with
30 offices in the world's principal commodity trading hubs.
Companies, trading firms and governments in 160 countries around
the world trust Argus data to make decisions, analyse situations,
manage risk, facilitate trading and for long-term planning. Argus
prices are used as trusted benchmarks around the world for pricing
transportation, commodities and energy.
Founded in 1970, Argus remains a privately held UK-registered
company owned by employee shareholders and global growth equity
firm General Atlantic.
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MARKETS, AOM, FMB, DEWITT, JIM
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SOURCE Argus Media