Platts proposes to move MOC timestamp for Asia UCO and UCOME assessments

Platts, part of S&P Global Commodity Insights, is proposing to change the timestamps of Platts Asian Used Cooking Oil and Used Cooking Oil Methyl Ester to 16.30 Singapore time, from 18.00 Singapore time, effective May 1, 2024.

The proposed changes are for the following assessments:

UCO North Asia (AUCOC00)

UCO FOB Straits (UCFCC00)

UCOME FOB North China (UCFCA00)

UCOME FOB Straits (UCFCB00)

Platts assessments are designed to reflect repeatable market value at the close of the assessment process.

This proposed change is intended to better capture the concentration of trading activity in the Asia markets.

As part of the proposal, the Platts e-Window communication tool would not accept new bids or offers after 4.00.00.000, and the market close would reflect 4.30.00.999. No more price changes would be accepted after 4.28.00.999.

Full details of Platts Global Biofuels Timing and Increment guidelines can be found here:

/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/biofuels-timing.pdf

Source market data such as bids, offers, trades and indicative values would only be considered for the assessment if received before 16:30 Singapore time.

Full details of Platts Global Biofuels coverage can be found in the Specifications Guide available here:

/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/Global_Biofuels.pdf

The assessments are published on Platts Biofuels Alert (PBF2310), in the Biofuelscan report and Biomass-Based Diesel Report.

Please send any comments or feedback to MRTS_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com by March 27, 2024.

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.