Plain-language definitions of 133 terms used in raw material trade: Incoterms, payment, shipping, customs, quality documents, plastics, metals, chemicals, agriculture and energy.
Independent organisations that collect deals, bids, offers and market talk for commodities not traded on exchanges – or whose physical markets differ from exchange prices – and publish daily or weekly assessed prices. S&P Global Platts and Argus are benchmarks for oil, LNG, fertilisers and coal; ICIS and ChemOrbis for petrochemicals and plastics; Fastmarkets (Metal Bulletin) for metals, ores and paper; CRU for steel and aluminium. Their prices serve as indices in formula-priced contracts and are audited against IOSCO principles.
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