Platts Launches New China Domestic Grade Fueloil, LPG Assessments
NEW YORK, /PRNewswire-AsiaNet/ --
Platts, a leading global provider of energy and commodities information and a division
of The McGraw-Hill Companies (NYSE: MHP), this month introduced new Chinese
domestic grade assessments for fuel oil and liquefied petroleum gas (LPG) to
complement the organization's existing coverage of imported grades. For fuel oil, Platts
now assesses domestic-grade 180 centistoke (CST) 2.5% sulfur grade in South China's
Huangpu market, in addition to existing assessments for imported-grade 180 CST 3.5%
and 1.5% sulfur.
"The new assessment is being introduced in response to the emergence of an active
domestic grade fueloil market in China, which has eclipsed re-trade of imported product.
The new assessment will position Platts well to provide relevant coverage of this key
Chinese energy market," said David Hanna, Platts Senior Market Director of China. A
similar assessment has also been rolled out for the East China fuel oil market.
Platts has also introduced new assessments for domestically-produced LPG, basis
FOB South China, as well as new price points for South and East China LPG to reflect
cargoes with a propane-to-butane ratio of 50:50, in addition to existing assessments for
30:70 cargoes. Platts has also expanded its listing of wholesale Chinese domestic LPG
prices.
The above assessments are being published daily in Platts' proprietary Chinese real-
time information service, Platts China Alert, in addition to the company's popular English
service, Platts Global Alert.
About Platts:
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global
provider of energy and commodities information. With nearly a century of business
experience, Platts serves customers across more than 150 countries. From 17 offices
worldwide, Platts serves the oil, natural gas, electricity, nuclear power, coal, emissions,
petrochemical, shipping and metals markets. Platts' real time news, pricing, analytical
services, and conferences help markets operate with transparency and efficiency.
Traders, risk managers, analysts, and industry leaders depend upon Platts to help them
make better trading and investment decisions. Additional information is available at
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global
information services provider meeting worldwide needs in the financial services,
education and business information markets through leading brands such as Standard &
Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion.
SOURCE: Platts
CONTACT: Kathleen Tanzy
212-904-2860
Kathleen_tanzy@platts.com
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