Following a proposal period, S&P Global Platts will amend its Europe petrochemicals increment guidelines for the European ETBE Market on Close assessment process, effective April 20, 2020.
Platts has decided to change the maximum outright price increment and maximum price spread increment for manual ETBE FOB AR bids and offers to $1/mt per 1 minute to align with guidelines for the MTBE manual window environment.
The minimum increment of $0.25/mt per 1 minute remains unchanged.
Platts launched a formal consultation into these guidelines on December 17, 2019 in a subscriber note available here: plts.co
Platts extended the feedback period for ETBE increments on January 31, 2020 in a subscriber note available here: plts.co
In a separate subscriber note, Platts has decided to launch Northwest European ETBE barges loading FOB basis Amsterdam-Rotterdam and ETBE spread differentials to MTBE in the eWindow communication tool for its Market on Close assessment process, also effective April 20, 2020. In eWindow, increments for ETBE bids and offers may be improved by up to $1/mt every 20 seconds. This aligns with guidelines for the MTBE electronic window environment.
Platts petrochemicals timing and increment guidelines can be found at: plts.co.
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