The calculated quantity of hydrocarbons or minerals which can be extracted profitably from a deposit, classified according to the level of confidence that can be placed in the data. Because price is a function of time, market assessments reflect values at a defined point in time, allowing both outright and spread values to be properly reflected. The MOC pricing system recognizes as a core principle that price is a function of time and MOC enables Platts to have full clarity on the price at the close of business. MOC is a time-tested method for deriving price benchmarks that reflect market value and Platts has provided these benchmarks to global energy markets across Asia, Europe, the Middle East, and Africa for more than a decade. The MOC process is a very structured system for information gathering that allows transparent and fully verifiable market information to form the basis of the daily price assessment. Systems of similar nature are very common, with variants seen in the futures markets where the energy and financial exchanges publish daily settlement prices reflective of activity at the close of markets. Platts' market-on-close (MOC) is a price-discovery system designed to yield a price assessment reflective of market values at the close of the typical trading day.
Similar to thermal crackingĪ petrochemical process in which the c4 stream from an ethylene plant is recycled into the feedstock.Īn order to buy or sell a specified amount of futures contracts at the price when the market closes. While thermal and catalytic cracking produce shorter hydrocarbon molecules largely by disposing of the excess carbon atoms, hydrocracking inserts hydrogen atoms to achieve the same effect.Ī petrochemical process which produces olefins, particularly ethylene, and, in some cases, aromatics. Thermal cracking of atmospheric/vacuum residues to make electrode grade coke.Ĭracking using catalysts to enhance molecule breaking, particularly in the production of high octane gasoline. Thermal cracking of viscous crude residues to make fuel oil, and in: Thermal cracking is no longer widely used, except in: Heating of hydrocarbons to very high temperatures, usually above 450ý C.
Refining process to break large molecules into smaller ones.
0 kommentar(er)
