Platts introduces new Market Data categories in advance of price symbol moves in 2020

S&P Global Platts has deferred a previously announced move of a variety of oil, agriculture and petrochemical price symbols to new market data categories (MDCs) to ensure operational alignment with our channel partners and no negative impact to customers.

This change introduces 26 new market data categories, into which certain price assessment symbols will be moved from their current category. This move is being made to provide more specific categorizations of our assessments and reduce the volume of symbols within the current categories.

Platts has now completed the creation of the new market data categories and has added them into existing packages that contain the legacy categories. The categories are currently empty, however, customers will begin to see them appear as part of their subscription upon renewal. The addition of these categories to your subscription will ensure continuity of service to the price assessments after the symbol moves into the new categories. The transfer of symbols out of their current category into these new categories is planned to take place in the second half of 2020 (date to be communicated next year, in advance of the move). This eventual move will ensure a clearer categorization of certain commodity price assessments.

Note: There is no change in the data symbols themselves nor will you be charged extra for these new categories.

The 26 new market data categories available are listed below along with a grid outlining the legacy category and its associated new categories:

New MDC DESCRIPTION

LNC LNG Competitive Fuels

LSP LNG Shipping

DDG Agriculture: Dried Distillers Grains

DAC Derivatives: Crude Swaps Asia

DRC Derivatives: Crude Swaps Europe

DUC Derivatives: Crude Swaps USA

ANS Derivatives: Naphtha Swaps Asia

NNS Derivatives: Naphtha Swaps Europe

NPS Derivatives: Propane Swaps Europe

EPS Derivatives: Propane Swaps Middle East

UPS Derivatives: Propane Swaps USA

ALP Oil Products: LPG Asia

NLP Oil Products: LPG Europe

ELP Oil Products: LPG Middle East

AMT Oil Products: MTBE Asia

NMT Oil Products: MTBE Europe

UMT Oil Products: MTBE USA

ANP Oil Products: Naphtha Asia

NNP Oil Products: Naphtha Europe

ENP Oil Products: Naphtha Middle East

SNP Oil Products: Naphtha South America

UNP Oil Products: Naphtha USA

NFE Oil Products: Non-Fuel Ethanol

VGO Oil Products: VGO & Straight Run USA

RVO Renewables: RVOs and RINs

ULS Shipping: LPG USA

(Note: most are empty of price assessments until the symbol move in 2020)

For questions or feedback, please contact support@platts.com.

The original announcement can be found here:

https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/110118-platts-to-move-data-to-new-categories-on-march-1-2019