in this issue
Economics :: Prices
Monthly Contract Pricing & Becoming Standard in Europe
6:11 AM MDT | June 29, 2009 | Gregory DL Morris
With the settlement last week of July ethylene contracts in Europe at €785/m.t., the monthly pricing mechanism has become established, market participants say. The July agreement reflects an increase of €80/m.t. from June. Monthly pricing was adopted in January as a temporary expedient when no first-quarter agreement could be reached. Buyers and sellers have debated monthly contract pricing for years. Some bilateral monthly agreements emerged, as did a flurry of bimonthly contracts in recent years. “Monthly contracts have definitely reduced...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee