A benchmark the chemical trade has never had — built only from real cleared transactions, under hard governance.
Governed by rule
Every settled deal contributes a print — commodity, grade, basis, quantity band, credit band, price. Prints aggregate through three gates before anything is shown to anyone.
Internal signal
Private — never shown≥ 3 cleared prints · ≥ 2 counterparties (30 days)
Observed range
User-facing range≥ 10 prints · ≥ 4 unrelated counterparties
Published index
The public Mol Index≥ 25 prints · ≥ 8 unrelated counterparties, rolling 30 days
Below the threshold: a range or “insufficient data” — never a point price. Anchor-heavy samples are labelled or excluded. The index is cold at launch by design — it can only be built after the GMV, never before it. Every cleared deal also sharpens Buyer & Supplier Scores — reputation that compounds.
Mol Index · PVC SG-5 · CFR Mundra
Observed₹84,200/MT
Cleared trades
n = 31
7-day
+1.4%
Basis
CFR · 30d
the “Mol print” — value, basis, sample, honest confidence. figures illustrative.