S&P Global Platts explains its Market on Close assessment and assessment process for spot cargo deliveries of methanol CFR India.
In this short video, Singapore-based editors Yi-Jeng Huang and Desiree Quah explain the methodology and price assessment process for methanol CFR India.
In particular, Platts aims to clarify the mechanism and processes we have for assessing cargoes delivered into India and the formulas behind the methanol contracts. They also explain why Platts believes the Market on Close process is the most effective way for market participants to communicate price information to Platts. It is a time tested process underpinned by robust methodology that works across various commodity markets including oil and petrochemicals.
Download the Platts methodology and specifications guide for Asia-Pacific here.