SUBSCRIBER NOTE: Platts adjusts Asian PX MOC timings May 11

Platts has adjusted the timings for its CFR Taiwan/China paraxylene Market on Close assessment process with the launch of the eWindow communication tool on May 11, 2018.

In line with the efficiencies, the eWindow tool offers, Platts will dispense with the current 4:28 pm Singapore time freeze, allowing bids and offers to be changed in line with Platts incrementability standards right up until 4:30:00:999 pm Singapore time, the closing time for the PX Market on Close assessment process in Asia.

Participants will be able to improve bids and offers at a maximum of $1/mt in a minimum of 30 seconds.

A one-minute extension period will be triggered by any price move or a re-bid/re-offer in the last 30 seconds prior to the close of the MOC at 4:30:00:999 pm Singapore time, replacing the current three-minute extension.

The period for testing repeatability of a bid or offer traded near the close will be 4:30:01:000-4:31:00:999.

Following a trade, the traded bid or offer can be repeated within 30 seconds.

Even after the launch of the eWindow communication tool, participants may continue to submit bids or offers through instant messenger but such manual indications would still be governed by the timing standards that currently operate for the manual MOC window.

Please direct any questions or comments to petchems@spglobal.com with a copy to 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.