NEW YORK, Nov. 25 /PRNewswire/ -- 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 http://www.platts.com.
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. Additional information is available at http://www.mcgraw-hill.com.
SOURCE Platts
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