Outright, floating prices in Platts MOC

Platts' physical price assessments use a variety of inputs, including outright price bids/offers, floating price bids/offers, and combinations of fixed and floating prices.

Platts' objective is to assess the prevailing tradable outright price of the commodity at the close of the market assessment period.

Outright price submissions take precedence in the editorial process at all times. For example, an outright price bid or offer (ie, $400/mt) may invalidate a floating price basis bid or offer (ie, MOPS plus $1.00/mt) during the assessment process if the prices demonstrably coexist in conflict at any moment in time.

All transactions, or bids/offers, during Platts Market on Close assessment process are normalized to a market on close value for the purposes of assessment.

(Resending subscriber note issued in December 2009 for clarity.)

Please send questions and comments to asia_products@platts.com and pricegroup@platts.com.