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Platts Assessment
A Platts Assessment is the daily benchmark price published by Platts for a commodity, reflecting market trades, bids, and offers over a set period.
In oil markets, assessments guide pricing of swaps, physical cargoes, and futures contracts. They standardize valuation across regions and facilitate hedging.
Traders analyze assessment trends, spreads, and quality differentials to inform trading decisions and portfolio strategy.
Platts Assessments are recognized globally as authoritative price references.