Platts proposes to change manual MOC cutoff timing for Naphtha Cargoes CIF NWE from Nov 1

Platts, part of S&P Global Commodity Insights, is proposing to change the timing guidelines for its Naphtha Cargoes CIF NWE (PAAAL00) Market on Close assessment process, effective Nov. 1.

Specifically, Platts is proposing to change the cutoff timing for submitting new bids and offers manually through a Platts editor for inclusion in the MOC assessment process to 16:00:00:000 London time, from 15:45:00:000 London time currently.

The proposed change to the Pricing state (no more new bids/offers) for Naphtha Cargoes CIF NWE is as follows:

No other changes to timing and increment guidelines for Naphtha Cargoes CIF NWE are proposed.

Platts has established clearly defined timing guidelines and standards of incrementability that apply when publishing bids and offers in the MOC to ensure an orderly and transparent price assessment process, which can be found here: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/oil-timing-increment-guidelines.pdf

Please send any comments or feedback by Sept. 30 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 Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.