Logo

Platts changes maximum incrementability for Asia crude, fuel oil, bunker MOC bids, offers for April 15

Due to the high volatility in crude and refined products futures markets, the maximum incrementability has been amended for eWindow markets for the following. This amendment applies to the Platts Market on Close Assessment process for April 15 only.

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 throughout the day, depending on evolving market conditions.
Source: Platts



Source

Related News

Marinakis’ CCEC partners with BGN on LNG vessel ve...

15 hours ago

DHT Holdings provides business update for (TCE) ch...

15 hours ago

IEA ready to release oil stockpiles if Iran war wo...

16 hours ago

Bessent says China hoarding oil, limiting exports ...

16 hours ago

Kang Hoon-sik secures Qatar energy pledges and lau...

17 hours ago