Platts changes maximum incrementability for Asia chemicals MOC until further notice

Effective immediately, Platts, part of S&P Global Energy, has changed the maximum price increments for outright bids and offers in the Asia chemicals (physical) Platts Market on Close assessment process to $2/metric ton every 30 seconds, until further notice.

This is as opposed to the standard $1/mt every 30 seconds.

These changes apply to the Platts PX CFR Taiwan/China cargo, Platts benzene FOB Korea cargo, Platts benzene CFR China cargo and Platts MTBE FOB Singapore cargo assessments.

These changes continue to reflect market volatility stemming from the conflict in the Middle East.

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 chemicals MOC can be found here.

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.