Platts changes incrementability for European MTBE, ETBE MOC May 5

Effective immediately, Platts, part of S&P Global Energy, has changed the maximum price increments for bids and offers in the May 5 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 May 5 MOC.

The temporary change reflects the current high market volatility due to vessel transit issues through 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 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.