Platts Asian Chemicals Market on Close incrementability changes

Platts, part of S&P Global Energy, is changing the incrementability guidelines to allow bids and offers for Asia Chemicals (physical) to improve by up to $2/mt every 30 seconds. This measure is effective March 11, 2026.

This is as opposed to the standard $1/mt every 30 seconds.

These changes apply to the Platts PX CFR Taiwan/China cargo, Platts Benzene FOB Korea cargo, Platts Benzene CFR China cargo and Platts MTBE FOB Singapore cargo assessments.

The temporary change for Asia Chemicals reflects the current high volatility in the market due to vessel transit issues via the Strait of Hormuz. The standard timing and increments for the Chemicals MOC process can be found here. https://www.spglobal.com/commodityinsights/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/petrochemicals-timing-increment-guidelines.pdf

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 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.