Platts changes maximum incrementability for Asia crude, fuel oil, bunker MOC bids, offers until further notice

Effective immediately, Platts, part of S&P Global Energy, has changed the maximum price increments for bids and offers in the Asia and Middle East crude, fuel oil and bunker fuel Market on Close assessment process, until further notice.

Platts Crude: Platts increases maximum incrementability for partials to 10 cents/b 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/mt 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 the current heightened volatility in the market arising from the Middle East conflict. Platts reserves the right to change incrementability guidelines in the MOC process throughout the day, depending on evolving market conditions.

The standard timing and increments for the APAC MOC process 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.