SUBSCRIBER NOTE: Outright, floating prices in Platts MOC process

Physical price assessments are made by Platts using a variety of inputs, including outright price bids/offers, floating price bids/offers, and combinations of fixed and floating prices.

The objective is to assess the prevailing tradeable 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 (i.e. $400/mt) may invalidate a floating price basis bid or offer (i.e. MOPS plus $1.00/mt) during the assessment process if the prices demonstrably co-exist in conflict at any moment in time.

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

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