Planalytics to Supply Natural Gas Purchasing Guidance to USS-Posco
09/25/2008 - USS-Posco Industries licenses Planalytics’ EnergyBuyer service to monitor natural gas market prices and determine the best times to make purchases.
USS-Posco Industries (UPI) has licensed Planalytics’ EnergyBuyer(R) service to monitor natural gas market prices and determine the best times to make purchases.
Planalytics’ EnergyBuyer is a price analysis and buying advisory service used to manage volatility and financial risk in energy markets. The platform monitors market conditions to determine when prices are attractive or too high, delivering clients straightforward purchasing guidance in the form of "buy" or "wait" suggestions for individual commodities and months. Suggestions are based on Planalytics' analytical models and predictive technologies that project how prices will be influenced by a combination of variables that include fundamental factors (demand, inventory levels, etc.), technical analysis (support and resistance levels, etc.), trading dynamics (open interest, spread positions, etc.) and future weather conditions.
UPI’s service will include access to the EnergyBuyer website with live pricing (Nymex and Globex); buying, hedging and risk management suggestions; accounting and reporting functions; and charting and market research tools. Additional support services will include direct access to Planalytics meteorologists and market experts, weekly e-newsletters, and consultation on risk management strategies.
USS-POSCO Industries, based in Pittsburg, Calif., manufactures cold rolled, galvanized and tin mill products from hot rolled steel. UPI is a joint venture company established by U. S. Steel Corp. and Posco, of the Republic of Korea.
Planalytics, Inc. is the singular global source of Business Weather Intelligence(SM) - the actionable information companies need to understand and optimize the impact of weather on their business. Weather is the most volatile of all external factors affecting business performance and Planalytics helps companies proactively manage this risk. Powered by an unparalleled database of weather's financial and volumetric impacts, proprietary forecasting technologies and market-specific expertise, Planalytics' Business Weather Intelligence is essential to any company, in any industry, looking to effectively shape strategies, pinpoint opportunities and make more profitable decisions.
