Platts chemicals price benchmarks explained
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What is a benchmark?
Platts price assessments are actively used by producers, consumers, traders, brokers, exchanges and other market participants in their price negotiations as well as the settlement value for spot, long-term and derivatives contracts. Many spot and long-term contracts for purchase and supply of chemical products are referencing these price assessments, making them important physical benchmarks. This is colloquially known as "indexation".
Using a benchmark in your contract saves market participants time and effort, which are otherwise involved in typical bilateral negotiations with their suppliers and customers. It also gives opportunity for better hedging instruments.
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Methodology
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Methodology Education
Learn more about how we produce our price assessments in specific markets, get first-hand explanation from our frontline reporting team and the methodology experts, get deep dive-ins and look at case studies. These webinars are interactive and you are welcome to ask questions.
Languages: Most webinars are conducted in English, but we also offer some webinars in Mandarin, Spanish, Portuguese, Turkish, Arabic and Russian. We might be able to accommodate requests to discuss methodology in other languages.
If you are unable to find a suitable webinar in the near future, please contact us directly and we can organize a one-to-one session.
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