Platts changes incrementability for European MTBE, ETBE MOC April 17

Effective immediately, Platts, part of S&P Global Energy, has changed the maximum price increments for bids and offers in the April 17 MTBE FOB ARA (PHALA00), ETBE FOB AR (AASLQ00) and ETBE FOB AR spread to MTBE FOB ARA (AASLQ02) Platts Market on Close assessment processes to $2/metric ton per 20 seconds.

This change replaces the standard maximum of $1/mt per 20 seconds and applies only to the April 17 MOC.

This is a temporary change due to high market volatility arising from the situation in the Strait of Hormuz.

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

This change applies to European MTBE and ETBE markets.

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.