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Latest Platts Stories

2014-08-20 04:20:52

September LNG prices fell 5.8% month over month, narrowest change since March SINGAPORE, Aug. 20, 2014 /PRNewswire/ -- Prices of spot liquefied natural gas (LNG) for September delivery to Asia plummeted 33.1% year over year to an average $10.702 per million British thermal units (/MMBtu), the latest Platts Japan/Korea Marker (Platts JKM(TM)) for month-ahead delivery showed. The drop came as increased supply in the region continued to outweigh lackluster demand. On a...

2014-08-19 08:23:12

Highest Level Since February 2013, Despite Falling Feedstock Prices LONDON, Aug. 19, 2014 /PRNewswire/ -- Prices in the $3-trillion-plus global petrochemicals market rose for a second consecutive month, up 4% in July to $1,446 per metric ton (/mt), following a 2% monthly advance in June, according to the just-released monthly Platts Global Petrochemical Index (PGPI). The PGPI is a benchmark basket of seven widely used petrochemicals and is published by Platts, a leading global...

2014-08-15 08:21:56

Launch Recognizes Growing Trend of Using Biomass as a Form of Renewable Energy LONDON, Aug. 15, 2014 /PRNewswire/ -- Platts, a leading global energy, petrochemicals, metals and agriculture information provider, today expanded its electric power offerings to include a weekly spot price assessment for Europe-delivered industrial wood pellets, which are used alone or in combination with coal to fuel power plants, and a suite of U.K. wood pellet profitability spreads at different fuel...

2014-08-14 04:20:56

New Daily Assessments to Bring Greater Transparency and Insights to Chinese Market SINGAPORE, Aug. 14, 2014 /PRNewswire/ -- Platts, a leading global energy, petrochemicals, metals and agriculture information provider, has expanded its suite of pricing references for China with the launch of two new price assessments for thermal coal imported to, and exported from the port city of Qinhuangdao in Hebei, China. Known as China Coal Index (CCI) 2 and China Coal Index (CCI) 7, the new China-focused...

2014-08-13 04:21:07

Growing global demand for polypropylene in long-term will outstrip increased U.S. propylene supply after shale oil LONDON, Aug. 13, 2014 /PRNewswire/ -- U.S. propylene supplies are expected to return to levels not seen since 2006, but the increase in the feedstock supply won't come close to meeting the global demand for polypropylene during the next decade, according to the just-released quarterly: Platts Global Polyolefins Outlook. Polypropylene, commonly known as PP or...

2014-08-12 20:21:17

Year-Over-Year Production Up 5.1% from July 2013; 70 Billion Cubic Feet Per Day In Sight DENVER, Aug. 12, 2014 /PRNewswire/ -- Natural gas production in the lower 48 United States increased by 0.5 billion cubic feet per day (Bcf/d) during the month of July versus June, according to Bentek Energy®, an analytics and forecasting unit of Platts. Production averaged 68.5 billion Bcf/d last month, marking the highest monthly average on record and surpassing the previous record set in...

2014-08-08 08:22:10

Up 190,000 Barrels Per Day from June on Saudi and Libyan Output Increases LONDON, Aug. 8, 2014 /PRNewswire/ -- Platts - Oil production from the Organization of the Petroleum Exporting Countries (OPEC) climbed back above 30 million barrels per day (b/d) in July for the first time since February on the back of output boosts from Libya and Saudi Arabia, according to the latest Platts survey of OPEC and oil industry officials and analysts. July production from the 12-member oil...

2014-08-06 00:20:32

Monthly Index Totaled 46.97, up 1.07 Points from July's Reading of 45.90 BEIJING, Aug. 6, 2014 /PRNewswire/ -- The health of China's steel sector is not expected to greatly improve in August, with the industry largely anticipating that new steel orders will stay flat over the next month, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 46.97 out of a possible 100 points. The August reading is up 1.07 points from 45.90 in July, and...

2014-08-04 04:20:42

Addition of New Daily Assessment to Cater to Evolving Market Appetite SINGAPORE, Aug. 4, 2014 /PRNewswire/ -- Platts, a leading global energy, petrochemicals, metals and agriculture information provider, launched on Friday a new daily price assessment of thermal coal as delivered to India, augmenting its suite of India-focused price references. The new daily assessment reflects the commercial and merchantable value of thermal coal with a calorific value of 5,500 kilocalorie per...

2014-08-03 20:20:31

The Steel Index (TSI)-Based Coking Coal Futures and Swaps Launched Today SINGAPORE, Aug. 3, 2014 /PRNewswire/ -- The Singapore Exchange (SGX) is utilizing The Steel Index (TSI)'s daily coking coal price indices published by Platts, a leading global provider of energy, metals and commodities information, as the settlement basis for its metallurgical coal futures and swaps contracts launched today. "The steelmaking industry and the marketplace benefit from more information and we're pleased to...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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