Platts changes manual MOC cutoff timing for naphtha cargoes CIF NWE

Platts, part of S&P Global Commodity Insights, has changed the timing guidelines for its naphtha cargoes CIF NWE (PAAAL00) Market on Close assessment process, effective Nov. 1.

Specifically, Platts has changed the cutoff timing for submitting new bids and offers manually through a Platts editor for inclusion in the MOC to 16:00:00:000 London time, from 15:45:00:000 London time previously.

The changes to the pricing state (no more new bids/offers) for naphtha cargoes CIF NWE is as follows:

No other timing and increment guidelines for naphtha cargoes CIF NWE are affected by this change.

Platts has established clearly defined timing guidelines and standards of incrementability that apply when publishing bids and offers during the MOC process 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 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.