New quantitatively-assessed forwards construct on the prevailing editorially-assessed 3-month forwards
SINGAPORE and LONDON and NEW YORK, Sept. 15, 2022 /PRNewswire/ — S&P Global Commodity Insights™, the main unbiased supplier of knowledge, evaluation and benchmark costs for the commodities and vitality markets, is increasing world Platts Forward Curves for typical (“gray) ammonia to 24 months, effective September 16, 2022, additional enhancing Platts Ammonia benchmark choices throughout the worldwide market.
“This launch follows market engagement and responds to increased interest for longer-term ammonia price trends, amid market volatility and this year’s historically high ammonia spot prices,” mentioned Mario Perez, Managing Editor, Hydrogen Pricing, S&P Global Commodity Insights. “The interest in and importance of ammonia is increasing by the day. Ammonia is expected to move quickly into the energy transition space as fuel for power generation and as bunker fuel.”
The new, expanded ahead curves for ammonia are constructed on the prevailing near-term Platts Ammonia Forward Curves for typical (“gray) ammonia free-on-board (FOB) Middle East and on a cost, insurance and freight (CFR) basis for Northwest Europe and US Gulf Coast, which had been launched April 26, 2022. Prompt months within the ahead curve are assessed by the Platts editorial crew, primarily based on market information, prevailing worth data, historic worth spreads and development evaluation.
Platts is including months 4 via 24 of latest quantitatively-driven ahead assessments to FOB Middle East, CFR Northwest Europe and CFR US Gulf. It can be launching a brand new set of months one to 24 of quantitative ahead assessments for CFR Far East Asia, all efficient September sixteenth.
More particulars could also be discovered right here: (https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/071922-s-p-global-commodity-insights-to-publish-ammonia-quantitative-forward-curves-out-to-month-24 )
Earlier this yr, on April 26, 2022, S&P Global Commodity Insights started publishing a day by day Platts ahead curve for three months ahead for typical (“grey) ammonia. The new ahead curves add to the Platts ammonia worth assessments, which already embrace grey anhydrous ammonia cargoes begun in October 2021 and low-carbon (“blue”) ammonia worth valuations, which Platts launched April 22, 2022.
Understanding the ahead worth of ammonia might carry further confidence over time in worth danger methods corresponding to hedging, in addition to investing in ammonia manufacturing services. Increased confidence might increase liquidity and promote worldwide commerce, together with change settlement transactions.
Media Contacts
Global/EMEA: Alex Ortolani, +1 917-618-0709, [email protected]
Americas: Kathleen Tanzy, +1 917-331-4607, [email protected]
Asia/EMEA: Melissa Tan, +65-6597-6241, [email protected]
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our full view of worldwide vitality and commodities markets permits our clients to make choices with conviction and create long-term, sustainable worth.
We’re a trusted connector that brings collectively thought leaders, market members, governments, and regulators and we create options that lead to progress. Vital to navigating commodity markets, our protection contains oil and gasoline, energy, chemical compounds, metals, agriculture, transport and vitality transition. Platts® services and products, together with essentially the most significant benchmark worth assessments within the bodily commodity markets, are supplied via S&P Global Commodity Insights.
S&P Global Commodity Insights is a division of S&P Global ( NYSE: SPGI). S&P Global is the world’s foremost supplier of credit score rankings, benchmarks, analytics and workflow options within the world capital, commodity and automotive markets. With each one in every of our choices, we assist most of the world’s main organizations navigate the financial panorama to allow them to plan for tomorrow, right this moment. For extra data go to https://www.spglobal.com/commodityinsights
SOURCE S&P Global Commodity Insights
