Platts changes maximum incrementability for Asia crude, fuel oil, bunker MOC bids, offers for April 24

Due to the high volatility in crude and refined products futures, the maximum incrementability has been amended for the following eWindow markets. This amendment applies to the Platts Market on Close Assessment process for April 24 only.

Platts Crude: Platts increases maximum incrementability for partials to 10 cents/barrel per 5 seconds

Platts Crude: Platts increases maximum incrementability for cargoes to 20 cents/b per 30 seconds

Platts HSFO/MF0.5% Physical: Platts increases maximum incrementability to $1/metric ton per 30 seconds

Platts HSFO/MF0.5% Derivatives (outrights only): Platts increases maximum incrementability to $1/mt per 10 seconds

Platts Bunkers Physical: Platts increases maximum incrementability to $1/mt per 30 seconds

The temporary change reflects 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 regional MOC can be found here: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/crude-oil/oil-timing-increment-guidelines.pdf

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 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.