Platts and CME Group Launch Transparency Tool for US Aluminum Market

Platts and CME Group collaborate to bring increased transparency to the US spot physical aluminum market through PlattsView, an online communications tool for the US Aluminum P1020 Midwest Transaction Premium price assessment process. Participants can directly enter bids, offers, and transaction data into the price assessment process, enhancing transparency and efficiency in the market. The tool is expected to launch in January 2026.

Platts, part of S&P Global Commodity Insights, and CME Group have announced a joint venture to increase transparency in the US spot physical aluminum market through the introduction of PlattsView. This online, direct-entry communications tool will be integrated into the Platts Market-On-Close (MOC) price assessment process for the US Aluminum P1020 Midwest Transaction Premium (MWP) [1].

PlattsView, set 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. This will provide an at-a-glance view of market activity, enhancing communication and efficiency [1].

The collaboration between Platts and CME Group leverages CME Direct's front-end solution to provide a real-time screen view of the price assessment process. This integration aims to bring increased transparency to the US aluminum market, which is crucial as regional price dynamics become more significant [1].

The announcement highlights the importance of transparency and efficiency in commodity markets. PlattsView is expected to streamline the price assessment process, making it more accessible and transparent for market participants [1].

References:
[1] https://www.prnewswire.com/news-releases/platts-cme-group-announce-screen-based-price-assessment-tool-for-aluminum-midwest-premium-302541037.html