Description
Every consumer in a modern economy is not directly exposed to the work of a price reporting agency (PRA) each and every time they fill up their car, take a flight or switch on a light, and yet most of the people is completely unaware of the existence of PRAs. Firms like Platts, Argus and ICIS, which are referenced each day by commodity traders and which influence billions of dollars of trade, are totally unfamiliar to consumers.
The Price Reporters: A Guide to PRAs and Commodity Benchmarks brings the mysterious world of price reporting out of the shadows for the first time, providing a comprehensive guide to the agencies that set the world’s commodity prices. This book explains the importance of PRAs to the global commodities industry, highlighting why PRAs have an effect on each and every consumer all over the world. It introduces the individual PRAs, their history and the current state of play in the industry, and also presents the challenges that the PRA industry is facing now and sooner or later, in particular how regulation might have an effect on on the PRAs, their relationships with commodity exchanges, and their likely direction.
This is the first-ever guide to PRAs and is destined to grow to be the usual reference work for anyone with an interest in commodity prices and the firms that set them.