Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities markets and CME Group, the world's leading derivatives marketplace, are collaborating to bring increased transparency to the US spot physical aluminium market through PlattsView, an online, direct-entry communications tool to be used in the Platts Market-On-Close (MOC) price assessment process for the US Aluminium P1020 Midwest Transaction Premium (MWP).
The online PlattsView MOC communications and visualisation tool, which is expected to launch in January 2026, will allow participants in the US Aluminium Midwest Premium market to directly enter bids, offers and transaction data into the Platts price assessment process. The Platts MWP is the industry-recognised benchmark for US aluminium prices.
CME Group will provide its CME Direct front-end solution as the technology that will give PlattsView its real-time screen view of the price assessment process.
"PlattsView users will benefit from the ease of communication and the at-a-glance view of market activity," said Matt Thompson, Head of Platts Global Trading Solutions, S&P Global Commodity Insights. "We are excited about the enhanced transparency it will bring to the US aluminium market and about our expanded work with CME Group in this important market."
Platts is actively engaged with market participants as it works to bring this new efficiency tool to its US aluminium price assessment processes and will conduct demonstrations of the tool to the marketplace.
"As regional price dynamics become increasingly important, our collaboration with PlattsView will enhance transparency for the US aluminium community," said Jin Hennig, Managing Director and Global Head of Metals at CME Group.
As the world's leading derivatives marketplace, CME Group and its exchanges offer a wide range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. In addition to futures and options trading, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
Note: This article has been issued by PR Newswire and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
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