08 Aug 2024 | 16:19 UTC

Platts adds 0.5% FOB Rotterdam barges pricing basis to eWindow functionality for FOB NWE LSSR Cargo MOC

Platts, part of S&P Global Commodity Insights, added 0.5% FOB Rotterdam barges as an available pricing basis for the FOB NWE LSSR Cargo Market on Close assessment process.

With this addition, participants in the MOC process are now able to select this pricing basis when submitting bids and offers for FOB NWE LSSR cargoes for publication directly through the eWindow communication tool, or through an editor who would then publish the bids and offers using the software. Platts has established clearly defined guidelines and standards of incrementability that apply when publishing bids and offers in the MOC in order to ensure an orderly and transparent price assessment process.

When utilizing 0.5% FOB Rotterdam barges as a pricing basis for FOB NWE LSSR cargoes, the following timing and increment guidelines apply:

Region Product Category Outright or spreads Market Type MOC environment Min volume Max Volume Min price movement Max price increment
Europe LSSR Outright Cargoes eWindow 25,000mt 55,000 mt $0.25/mt $1/mt per 20 secs
Europe LSSR Outright Cargoes Manual 25,000mt 55,000 mt $0.25/mt $1/mt per 20 secs
Region Product Category Outright or spreads Market type MOC environment No more new bids/offers (Pricing State) Reaction time after a trade to repeat order (repeatability) No more price changes (final state) Market close Repeat/Change of an order which triggers extension of the window (extension trigger period) Period of testing the repeatability of an order repeated/changed near the close (Extension state)
Outright Cargoes eWindow 3.45.00 Within 30 secs N/A 4.30.00.999 4.29.40.000 to 4.30.00.000 4.30.01.000 to 4.31.00.999
Outright Cargoes Manual 3.45.00 Within 60 secs 4.28.00 4.30.00.000 4.29.40.000 to 4.30.00.000 4.30.01.000 to 4.31.00.999

For further details of these guidelines, please see: https://www.spglobal.com/platts/en/our-methodology/methodology-specifications/oil/oil-timing-and-increment-guidelines

Please send any feedback, questions or comments to europe_products@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by S&P Global for public viewing. S&P Global will consider all comments received and will make comments not marked as confidential available upon request.