
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