S&P Global Platts has made a proposal to revise the methodology for its Ethanol Chicago (terminal) price assessment to expand the delivery (offtake) options to include barge, rail and truck loading, effective May 1, 2019.
“By this proposal, we will expand delivery options for our Ethanol Chicago price assessment, reflective of the extensive feedback we received from market participants through our hosted events, in-person discussions and other dialogues,” said Ian Dudden, Global Content Director for Metals & Agriculture at S&P Global Platts, which is the leading independent provider of information and benchmark prices for the commodities and energy markets.
S&P Global Platts is also proposing to revise the standards of incrementablity for its Ethanol Chicago (terminal) assessment during the Market-on-Close (MOC) price assessment process, to better reflect current trading and pricing granularity. Platts is proposing that effective May 1, bids and offers may be improved by a maximum of 10 points per 15 seconds, from the current 25 points per 30 seconds.
All other aspects of the pricing methodology for the Ethanol Chicago (terminal) assessment would remain the same, including the specification, volume, timing and Renewable Identification Number (RINs) transfer mechanism.
S&P Global Platts is accepting feedback or questions via: email@example.com and firstname.lastname@example.org by March 30, 2019.