NEW YORK, December 29 /PRNewswire/ --
Platts, the world's leading energy information provider, will not publish spot price assessments for Americas crude oil and refined products and certain metals on Tuesday, Jan. 2, 2007 in observance of the national day of mourning for President Gerald R. Ford.
Platts reached its decision based on feedback it received from the market. In a survey of traders, Platts concluded that the closure Tuesday of the New York Mercantile Exchange (NYMEX) in observance of the day of mourning, and its concurrent decision not to produce contract settlements, would result in extremely limited cash trading.
Platts metals division will not publish a copper composite price, US copper producer cathode price, or US copper producer refined price as a result of the Jan. 2, 2007 closure of the COMEX division of NYMEX.
Platts' spot price assessments of natural gas, electricity, power, coal, emissions, petrochemicals, and other grades of metals will be compiled and published as normal on Tuesday.
About Platts
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy information. With nearly a century of business experience, Platts has 600 employees in 16 offices worldwide serving customers in more than 150 countries. Platts serves the oil, natural gas, electricity, nuclear power, coal, petrochemical and metals markets. Platts' real time news, pricing, analytical services, and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better, faster, and more profitable decisions. Additional information is available at http://www.platts.com.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands including Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2005 were US$6.0 billion. Additional information is available at http://www.mcgraw-hill.com.
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