Argus uses a market-appropriate methodology to assess prices in each of the markets that it covers. These methodologies are governed by Argus’ standards of compliance, in consultation with the public and our stakeholders.
Each methodology is reviewed regularly to ensure that it meets the needs of market participants and is in line with industry practice. Argus seeks to reflect the way markets are traded, rather than impose any one view on the markets — including its own.
Benefits of our expertise
TransparentWe have public processes for launching, amending and discontinuing price assessments and for changing our methodologies.
AccountableWe have internal and external audit processes and publish annual reports on our work.
CollaborativeWe work with the industry when reviewing our methodologies to meet market needs.
ResponsiveWe review methodologies so we can adapt to market changes quickly and responsibly.
ComprehensiveOur methodologies cover all of our price reporting and assessment processes.
IndependentOur methodologies ensure integrity in our market reporting and eliminate bias.
Argus develops methodologies that reflect the way markets trade. We aim to produce price assessments that are reliable indicators of commodity market values, free from distortion and representative of spot market values. As a result, the specific currencies, volume, units, locations and other specifications of an assessment are determined by industry consensus to facilitate seamless bilateral trade, and we mirror these industry conventions.