Platts changes nomination procedures for USGC MTBE

Effective July 15, 2019, S&P Global Platts has changed the nomination procedures in the US Gulf Coast MTBE Market on Close assessment process. This decision follows a feedback period ended May 3, 2019 and a decision note published May 8, 2019.

As part of the new nomination procedures, buyers and sellers can enter positions in five-day laycans within the 5-15 days forward assessment period in the Platts Market on Close assessment process.

The five-day laycans within the MOC process are made up of a 5-9 days forward front end, an 8-12 days forward mid-window and an 11-15 days forward back end.

After trading in the MOC, the seller is 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 must then 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.