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03 May 2018 | 09:06 UTC — London
S&P Global Platts is proposing to update its Petrochemicals Timing and Increments Guidelines to include the existing standards applied to the European methanol FOB Rotterdam barge Market on Close window assessment process, effective May 17, 2018.
For applicable assessments, Platts will reflect bids and offers with a half-month, full month, balance of the month loading laycans.
In addition, named expressions of interest to trade during the MOC window would be confirmed as having a minimum increment of Eur0.25 with a maximum of Eur1 per minute, with the following timings: State Timing Bids/offers due 3.59.59.99 Last price changes cut off 4.27.59.99 No more price changes 4:27:59:99 Market on close 4:29:59:99 Repeat order extension 4:29:40:00-4:29:59:99 Extension state 4:30:00-4:32:59:99
Platts invites feedback to pl_petchems_ln@spglobal.com and pricegroup@spglobal.com by May 10, 2018.
For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.