Platts, CME Group Announce Screen-based Price Assessment Tool for Aluminum Midwest Premium
Rhea-AI Summary
S&P Global's (NYSE:SPGI) Platts division and CME Group have announced a collaboration to launch PlattsView, a new online price assessment tool for the US aluminum market. The platform will launch in January 2026 and will be integrated into Platts' Market-On-Close (MOC) price assessment process for the US Aluminum P1020 Midwest Transaction Premium (MWP).
The new tool will utilize CME Group's CME Direct front-end technology to provide real-time screen views of price assessments. PlattsView will enable market participants to directly enter bids, offers, and transaction data, enhancing transparency in the US spot physical aluminum market.
Positive
- Integration with CME Direct technology enhances market efficiency and transparency
- Direct entry of bids, offers, and transaction data streamlines price assessment process
- Partnership strengthens the industry-recognized US aluminum price benchmark
Negative
- None.
Insights
S&P Global and CME Group's partnership to develop PlattsView will enhance transparency in aluminum pricing, strengthening their market data offerings.
The announced collaboration between Platts (part of S&P Global Commodity Insights) and CME Group represents a significant enhancement to market infrastructure for aluminum pricing. The new PlattsView tool, leveraging CME Direct technology, will digitize and streamline the price discovery process for the Aluminum P1020 Midwest Transaction Premium (MWP) – the industry benchmark for US aluminum prices.
This development addresses a critical market need by bringing screen-based visibility to what has traditionally been a less transparent pricing mechanism. By allowing market participants to directly enter bids, offers, and transaction data into the Platts Market-On-Close assessment process, this tool creates an auditable, real-time view of price formation – particularly valuable in regional aluminum markets where price dynamics are increasingly important.
For S&P Global, this represents an evolution of their commodity price assessment business, potentially increasing the robustness of their benchmark while enhancing user experience. For CME Group, it extends their technology footprint deeper into physical commodity markets while complementing their existing aluminum futures contracts. The partnership leverages complementary strengths: S&P Global's benchmark methodology expertise with CME's trading technology capabilities.
The January 2026 implementation timeline gives market participants adequate preparation time for this infrastructural shift in how a key industrial metal is priced in North America.
The online PlattsView MOC communications and visualization tool, which is expected to launch in January 2026, will allow participants in the US Aluminum Midwest Premium market to directly enter bids, offers and transaction data into the Platts price assessment process. The Platts MWP is the industry-recognized benchmark for US aluminum 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 aluminum 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 aluminum 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 aluminum 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.
Media Contacts
About CME Group
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value.
We're a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including leading benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights. S&P Global Commodity Insights maintains clear structural and operational separation between its price assessment activities and the other activities carried out by S&P Global Commodity Insights and the other business divisions of S&P Global.
S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights.
View original content to download multimedia:https://www.prnewswire.com/news-releases/platts-cme-group-announce-screen-based-price-assessment-tool-for-aluminum-midwest-premium-302541037.html
SOURCE S&P Global Commodity Insights; CME Group
FAQ
When will PlattsView launch for the US Aluminum Midwest Premium market?
What is the purpose of the PlattsView tool by S&P Global and CME Group?
How will PlattsView integrate with CME Group's technology?
What is the significance of the Platts Midwest Premium (MWP) in aluminum pricing?
How will market participants benefit from the new PlattsView platform?
