Platts under fire from traders for manipulating ethanol price data

October 24, 2013 |

In the UK, biofuels traders continue to complain about the new method that Platts is using to track ethanol prices in the Amsterdam-Rotterdam-Antwerp corridor, saying that the prices fluctuate too much. The new system was brought in Aug. 1 and since then prices have fluctuated as much as 7 to 56 euros per week. Platts and some ethanol producers are under investigation by the European Commission for anti-competitive market behavior.

Category: Fuels

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