SUBSCRIBER NOTE: Platts proposes to increase increments for European ETBE

Platts is proposing to increase the increments by which bids and offers can be improved in the European ethyl-tertiary butyl ether (ETBE) Market On Close assessment process to a maximum of $3 per minute to align it to the practice in the related MTBE market.

Currently, participants in the ETBE MOC process are able to improve their bids and offers by maximum $1 a minute as an outright price and by maximum $2 per minute for the indications based on a premium to MTBE.

Platts proposes to implement the new increments guidelines from December 2.

Please send any feedback and questions to pl_petchems_ln@platts.com by November 3.

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.