Platts to change incrementability for Singapore gasoil/jet fuel derivatives MOC June 1

Platts, part of S&P Global Commodity Insights, will change the increments for the Market on Close assessment process for Singapore gasoil and jet fuel derivatives to a maximum of 10 cents every 10 seconds for flat price bids and offers with effect from June 1, 2022, from a maximum of 10 cents every 20 seconds currently.

The change will bring the Singapore gasoil and jet fuel derivatives increments more in line with other Asian refined product and crude derivative MOCs.

In addition, Platts will also change the increments for Singapore middle distillate time spread and regrade spread bids and offers to a maximum of 5 cents every 10 seconds from June 1, from a maximum of 10 cents every 20 seconds currently.

Platts proposed this change in a subscriber note published April 12: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/041222-s-p-global-proposes-to-change-incrementability-for-singapore-gasoiljet-fuel-derivatives-moc

All other MOC timing and increment guidelines will remain unchanged. For example, market participants will still have 20 seconds to repeat a bid or offer, following a trade. An extension will continue to be triggered by any price move or a rebid/reoffer in the last 10 seconds prior to the close of the MOC at 4:30 pm Singapore time (0830 GMT).

Please send all feedback, comments or questions to asia_oilproducts@spglobal.com and pricegroup@spglobal.com.

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.