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Metals & Mining Theme, Non-Ferrous, Ferrous
January 02, 2025
Platts updates component weighting in the Platts Industrial Materials Index for 2025
Platts, part of S&P Global Commodity Insights, has updated the weighting used by the components in the Platts Industrial Materials Index, effective Jan. 2, 2025.
The revised weighting reflects an update in market value of the components, following a review conducted by Platts.
The new weighting for the components are as follows:
| Commodity | Assessment | Symbol | Currency/UoM | UoM conversion | Assessment frequency | Current weighting in index | Revised Weighting (based on latest data) |
| Polyethylene | Global LDPE Index | AAXVR00 | $/mt | 1 | Daily | 8.48% | 8.02% |
| Polypropylene | Global PP Index | AAXVS00 | $/mt | 1 | Daily | 5.48% | 5.33% |
| Purified Terephthalic Acid | PTA FOB China | PTFCA00 | $/mt | 1 | Daily | 3.67% | 3.92% |
| Polyvinyl chloride | PVC Susp FAS Houston | PHAIT00 | $/mt | 1 | Weekly | 0.68% | 0.56% |
| Polyvinyl chloride | PVC Susp FOB China | EBPVS00 | $/mt | 1 | Daily | 1.81% | 1.71% |
| Rubber | ESBR 1502 CFR NE Asia | AAWZI04 | $/mt | 1 | Weekly | 2.69% | 3.01% |
| ABS | ABS Inj CFR China | PHAHF00 | $/mt | 1 | Weekly | 0.67% | 0.67% |
| Steel scrap | Heavy Melting Scrap Grade 1 and 2 80/20 CFR Turkey | TS01011 | $/mt | 1 | Daily | 14.29% | 12.22% |
| Iron ore | IODEX 62% Fe CFR China | IODBZ00 | $/mt | 1 | Daily | 17.90% | 17.87% |
| Coking coal | Prem Low Vol HCC FOB Aus | PLVHA00 | $/mt | 1 | Daily | 19.24% | 19.79% |
| Copper | Copper CIF China Fixed Price Equivalent (All-in) | MMCUC00 | $/mt | 1 | Daily | 12.99% | 14.74% |
| Aluminum | Aluminum US Transaction (All-in) | MMAAF10 | cents/lb | 22.0462442 | Daily | 12.12% | 12.16% |
Details about the Platts Industrial Materials index:
| Symbol | Description | Currency/UoM |
| PLINM00 | Platts Industrial Materials Index | $/mt |
| PLINM03 | Platts Industrial Materials Index Monthly Average | $/mt |
The Platts Industrial Materials Index is a daily weighted average index, in $/mt, based on the component assessments and indexes listed above.
It is published on Platts Live and represents a global price of some of Platts' key physical assessments of commodities in the metals and chemicals sectors, used in industrial production. The weightings are reviewed annually to keep the index representative of global supply and demand trends
The following table details the sources of the production or consumption numbers used to calculate the weightings of each commodity:
| Commodity | Source |
| Polyethylene | S&P Global Commodity Insights |
| Polypropylene | S&P Global Commodity Insights |
| Purified Terephthalic Acid | S&P Global Commodity Insights |
| Polyvinyl chloride | S&P Global Commodity Insights |
| Rubber | S&P Global Commodity Insights |
| ABS | S&P Global Commodity Insights |
| Steel scrap | World Steel Association, Bureau of International Recycling |
| Iron ore | United States Geological Survey |
| Coking coal | International Energy Agency |
| Copper | United States Geological Survey |
| Aluminum | United States Geological Survey |
Full details about the calculations and methodology of the index can be found in the Global Commodity Indices Specifications Guide here.
Please send any feedback or questions to pricegroup@spglobal.com.
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