Ethanol Traders Renew Complaints About Platts Prices Amid Probe
This article is for subscribers only.
Ethanol traders revived complaints about prices assessed by Platts five months after the energy news and price publisher was raided by the European antitrust officials probing potential manipulation in oil markets.
Platts ethanol prices aren’t reflective of the market and changes to its methodology are contributing to price fluctuations and disrupting shipping schedules, some traders said at a forum organized by Platts at its offices in London yesterday, which was attended by about 38 people. The publisher, a unit of New York-based McGraw Hill Financial Inc., said its assessments reflect market conditions.