Platts to change timing and incrementability for Asia chemicals physical and derivatives MOC

Platts, part of S&P Global Commodity Insights, will change the timing and increments for the Market on Close assessment process for Asia Chemicals markets, with effect from Jan 2, 2025.

The changes will align direct and manual entry for physical and derivatives increments in the respective chemical markets and other upstream and related MOC markets, including Asian naphtha and Asia gasoline.

The changes are as follows:

Under this proposal, Platts will also revise the final state and trigger timing for extension. The extension is triggered by any price move or a rebid/reoffer prior to the close of the MOC at 4:30 pm Singapore time (0830 GMT).

All other MOC timing and increment guidelines would remain unchanged.

Platts has established clearly defined timing guidelines and standards of incrementability that apply when publishing bids and offers in the MOC assessment process to ensure an orderly and transparent price assessment process, which can be found here: /content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/petrochemicals-timing-increment-guidelines.pdf

Platts first proposed to change timing and incrementability for Asia chemicals physical and derivatives MOC, in a subscriber note published Oct. 14, 2024. https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/101424-platts-proposes-to-change-timing-incrementability-for-asia-chemicals-physical-derivatives-moc

Please send all feedback, comments or questions to petchems@spglobal.com and pricegroup@spglobal.com.

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