The information gathered through market surveys is considered in the final assessment alongside bids, offers and trades reported in the MOC.
Platts publishes this information and uses it to assess intraday values, which serve as the reference point for any firm bids, offers and trades in the MOC process. Firm bids, offers that are open to the larger market, and any trades resulting from those bids and offers, take precedence in the assessment process.īesides information published in the LNG MOC process, Platts editors also engage directly with producers, consumers, traders, brokers and shippers to gather price information. All the published information is considered in the day’s assessment. In addition, Platts also publishes information from companies that report firm, named bids, offers and trades in the MOC assessment process.
The MOC is a day-long process that ends at 4:30pm Singapore time-the timestamp for Platts LNG assessments in Asia.ĭuring the process, Platts editors survey the market for information on bids, offers, trades as well as market fundamentals. Since Q2 2018, companies began reporting firm and transparent bids, offers and trades in the Platts MOC process. Platts uses a Market-on-Close (MOC) assessment methodology. JKM™ reflects the daily tradeable value of a spot LNG cargo at the given delivery period and location, based on trades, bids, offers and indications of tradeable value reported to S&P Global Platts pricing specialists.
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