SUBSCRIBER NOTE: Platts to change nomination procedures for USGC MTBE

Effective July 15, 2019, S&P Global Platts will add the following nomination procedures to the Platts Market on Close assessment process for US Gulf Coast MTBE. This decision follows a feedback period ended May 3, 2019.

As part of the new nomination procedures, buyers and sellers will be able to enter positions in five-day laycans within the 5-15 days forward assessment period in the MOC process.

The five-day laycans within the MOC will be made up of a front end reflecting 5-9 days forward, a midwindow reflecting 8-12 days forward and a back end reflecting 11-15 days forward.

After trading in the MOC, the seller will be expected to nominate the port and terminal in the USGC area and to inform the buyer within five days of the first day of the five-day laycan. The buyer will then be expected to nominate the vessel and the loading dates within the five-day laycan, pending terminal acceptance.

Please send all comments, feedback and questions to americaspetrochemicals@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 to the public upon request.