The client is a marketing, distribution and logistics services provider for oil and oil-related products including fuel oils, chemicals, petrochemicals and solvents. One of its main activities involves the trading and hedging of fuel oils and diesel oil to complement its role as a supplier of refined oil products to its downstream customers.
The company decided to subscribe to Platts Asia Pacific/Arab Gulf (APAG) Marketscan because the service offered one of the market’s most trusted benchmarks in the refined oil products category; widely used in settling contracts across the Asia Pacific and Arab/Gulf regions. A key feature of the service which was of interest to the company was its comprehensive market commentary and analysis for Asia's major trading hubs, detailing market participants and price movements.
With Platts, the company was confident that it was able to trade from a position of strength by leveraging Platts’ daily independent spot price assessments as benchmarks. It could also adapt quickly to changes in supply and demand by keeping track of real buyers and sellers with reported transactions. The ability to access, sort and analyze historic and current benchmarks helps the company’s traders make better-informed decisions, which underpin effective risk management amidst volatile prices.
If you would like to find out more, please contact: Elisha Low, Marketing Manager, Asia Elisha.Low@spglobal.com
