Platts, part of S&P Global Commodity Insights and CME Group, an international derivative market, work together to bring the PLATT-ON-ON CONSACTION (MOC) prices.
The MOC’s online communication and imaging tool, which is expected to begin in January 2026, will allow participants in the US market Aluminial Midwest Premium to introduce promotions, offers and transactions in the Platts Price Evaluation process immediately. Platts MWP is the reference indicator recognized by the US aluminum prices.
The CME Group will provide the CME Direct Front-end solution as the technology that will give PlattsView to view a real-time display of the price assessment process.
“Plattsview users will benefit from the ease of communication and market activity,” said Matt Thompson, head of Platts Global Trading Solutions, S&P Global Commodity Insights. “We are excited about the reinforced transparency it will bring to the American aluminum market and our expanded work with the CME team in this important market.”
Platts is actively involved with market participants as it works to bring this new tool of efficiency in US aluminum pricing procedures and will conduct a tool for the market.
“As regional prices are becoming increasingly important, our partnership with PlattsView will boost transparency for the American aluminum community,” said Jin Hennig, chief executive and world leader of the metals at CME Group.