Platts European MTBE, ETBE Market on Close incrementability changes

Platts, part of S&P Global Energy, is changing the incrementability guidelines to allow bids and offers for MTBE FOB ARA (PHALA00), ETBE FOB AR (AASLQ00), ETBE FOB AR Spread to MTBE FOB ARA (AASLQ02) to increase by up to $2/mt every 20 seconds, effective immediately on March 10, 2026.

This is as opposed to the current 25 cents/mt per 20 seconds.

The standard timing and increments for the European MOC process can be found here: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/chemicals/chemicals-timing.pdf

The temporary change reflects current high volatility in the market due to ship transit issues via the Strait of Hormuz.

Platts reserves the right to change incrementability guidelines in the MOC process throughout the day, depending on evolving market conditions.

Please send all feedback, comments and questions to petchems@spglobal.com, with a copy to 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.