Platts changes maximum incrementability for Asia crude, fuel oil, bunker MOC bids, offers for April 20

Due to high volatility in the crude oil and refined product futures markets, the maximum incrementability has been amended for eWindow markets as follows. This amendment applies to the Platts Market on Close assessment process for April 20 only.

• Platts Crude: Platts increases the maximum incrementability for partials to 10 cents/b per 5 seconds
• Platts Crude: Platts increases the maximum incrementability for cargoes to 20 cents/b per 30 seconds
• Platts HSFO/MF0.5% Physical: Platts increases the maximum incrementability to $1/mt per 30 seconds
• Platts HSFO/MF0.5% Derivatives (outrights only): Platts increases the maximum incrementability to $1/mt per 10 seconds
• Platts Bunkers Physical: Platts increases the maximum incrementability to $1/mt per 30 seconds

This temporary change reflects the current heightened market volatility arising from the Middle East conflict.

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

The standard timing and increments for the Asia-Pacific MOC process can be found here.

Please send all feedback, comments and questions to asia_crude@spglobal.com, asia_products@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make those not marked as confidential available upon request.