Commodity Insights: 45
Platts® Benchmarks
& Price Assessments

Constantly evolving to reflect the realities of ever-changing markets

Platts Core Established Benchmarks

Platts benchmarks are developed through engagement with participants across global commodity markets.

Public consultations, market forums, and meetings with market participants ensure S&P Global Commodity Insights is at the forefront of evolving unique methodologies to underpin its pricing services.

Platts constantly updates its assessment methodologies to help market participants manage risk around supply, demand, and pricing.

  • Platts Dated Brent™ 
    Platts Dated Brent™ is the world’s leading benchmark assessment of the value of physical, light North Sea crude oil, including deliveries of WTI Midland from the U.S. Gulf Coast. 
  • Platts Dubai®
    Platts Dubai is the primary physical market-pricing reference for crude oil delivered to Asian refineries from the Middle East Gulf and has been since the 1980s.
  • Platts JKM®
    Platts JKM, more than a decade old, is the settlement basis of the leading LNG derivatives contracts globally. JKM continues to be used in short-term and spot LNG contracts, and its use in longer-term contracts has rapidly expanded in the last two years.
  • Platts IODEX®
    Platts IODEX, which represents the value of medium-grade iron ore with 62% iron content, is the world’s leading benchmark for the steelmaking ingredient.

Platts Core Established Benchmarks

Oil

Platts Dated Brent Future/Dubai Crude via ICE

Trading volumes cleared by ICE (in millions)

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'17
'18
'19
'20
'21
'22
'23
'24
Dubai Lots (1,000 barrel lot size)
4.5
5.3
5.6
5.2
4.8
6.2
6.6
6.3
10.6
14
Brent Lots (1,000 barrel lot size)
2.2
2.0
1.9
1.6
2.3
2.9
3.0
2.9
4.0
4.2

Sources: Intercontinental Exchange, Global Investor Group (FOW)

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LNG

Platts JKM® via ICE

Trading volumes cleared by ICE

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'15
'16
'17
'18
'19
'20
'21
'22
'23
'24
Lots (10,000 MMBtu lot size)
2,791
12,507
49,201
166,465
528,946
811,647
986,453
561,624
640,330
939,192

Sources: Intercontinental Exchange, Global Investor Group (FOW)

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Metals

Platts Iron Ore via SGX

Trading volumes cleared by SGX (in millions)

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'21
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Lots (lot size dependent on product)
6.04
11.788
12.805
10.473
14.583
16.725
18.113
25.078
37.166
48.503

Source: Singapore Exchange

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Platts® Emerging Price Assessments

Energy Transition

Battery Metals

S&P Global Commodity Insights has daily battery metals price assessments spanning lithium, cobalt, nickel, manganese sulfate, MHP, graphite, and recycled black mass.

Hydrogen and Ammonia

S&P Global Commodity Insights has a full suite of daily hydrogen assessments, including carbon neutral and compliant hydrogen assessments covering the key future hubs of this growing fuel.

Carbon

S&P Global Commodity Insights has a full suite of daily prices covering voluntary carbon credits, compliance carbon allowances, and related information.

Environmental Certificates

S&P Global Commodity Insights has a full suite of daily and weekly assessments for energy attribute certificates across key global markets.

Biofuels

S&P Global Commodity Insights publishes global prices for ethanol, biodiesel, sustainable aviation fuel, renewable diesel, and related markets.

Circular Economy

Plastic Waste & Recycled Plastics

S&P Global Commodity Insights has been at the forefront of providing comprehensive coverage of the waste and recycled plastics markets since the first Platts European R-PET price assessment in 2008, providing much-needed transparency to support the growth of this emerging industry.

Metals Scrap

S&P Global Commodity Insights publishes Platts’ prices for the key grades of ferrous scrap across the globe and a full suite of aluminum scrap prices in the Americas. 

Platts® benchmarks by S&P Global Commodity Insights have a strong position in mature markets and continue to expand Platts price assessments in emerging and new markets