Platts Provides Valuable Information in Competitive Markets

In today’s economy, virtually all of the markets are very competitive. This is particularly true in the spot markets where commodities are sold. Goods such as oil and rice are the same no matter where you buy them. Consequently, you always want to buy those high-demand goods for the lowest price, because if you don’t, someone else will.

This is where a company like Platts can have a large impact on how efficiently your organization or even your government operates. Platts was founded in 1909 and started out as a company dedicated to providing "reliable market-based price information" on the oil industry. Thanks to the information provided by Platts, benchmark price assessments could be made on the oil industry. The industry oil prices barrel form of measurement owes much of its success to Platts, which currently has a website at platts.com.

Over the course of time, Platts has expanded to provide information based on natural gas, electric power, coal, petrochemical, shipping, and metals. The reason for this is because all of these industries are associated with one another in various ways. For example, if prices associated with oil and natural gas rise, you will obviously feel an impact on jet fuel prices somewhere down the line. Platts.com monitors these prices in a way that can help influence when and how you buy these commodities.

Many large corporations, industries, and even governments are influenced by these basic elements of trade and investment. Should a shipping industry stock up on bunker fuel while prices appear to be lower than usual? Or should the shipping industry wait until prices reach a lower point, taking the risk that prices will be at a higher point when the supply of bunker fuel has run low? Decisions like this can be very complex, time consuming, and expensive if you don’t know what you’re doing. This is why platts.com monitors these situations in real-time, providing high-quality information at reasonable prices for subscribers.

Platts.com offers services so impressive that even the high density polyethylene price can be monitored just as easily as the stock market. I’ve learned that over 10,000 companies, organizations, universities, and governments in 150 different countries subscribe to the valuable information services provided by Platts. The reason for this is because Platts is a company with a reputation for honesty, providing information openly at all times to clients.

If your business needs to operate efficiently in a competitive spot market associated with the commodities Platts is devoted to analyzing, I believe it definitely is a wise investment to subscribe to the services offered at platts.com. This is an excellent website providing a great deal of information to existing clients. The website also clearly explains the multitude of services and resources you will have access to if you become a subscriber. If you currently subscribe to services offered by Platts, feel free to share your thoughts about the services offered based on your experience.