IHS Chemical Week

People & Business :: Energy and Feedstocks

Industry Welcomes EU Call for Action on Commodities and Raw Materials

8:57 AM MST | February 2, 2011 | Ian Young

The European chemical industry has welcomed a call from the European Commission for curbs on derivatives markets and greater use of trade policy to reduce volatility in commodity prices and improve the European Union's (EU) access to key raw materials. "Excessive volatility of prices on all major commodity markets occurs at a time when the competitiveness of European industry crucially depends on efficient and secure access to raw materials," the commission said in a statement today. "The recent volatility in commodity prices threatens to increase...

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