Home / Knowledge / News / Textiles / INEOS buyers propose monthly contract pricing for ethylene & PP
INEOS buyers propose monthly contract pricing for ethylene & PP
Jul '08
Ongoing market discussions covering the cost of ethylene and propylene for Quarter 3 have brought the failings of the existing quarterly pricing mechanism into sharp focus.

As a major buyer, INEOS considers that the quarterly pricing mechanism no longer meets the needs of its derivative businesses.

Supply and demand factors are overshadowed by high oil prices and volatility, leading to price changes that do not reflect the underlying market conditions. The current approach, which can lead to huge corrections in the monomer price, is not acceptable to the company's derivative businesses or its customers

The time is right to move away from the quarterly pricing mechanism. INEOS Buyers propose monthly pricing to help mitigate the impracticalities presented by the current system and will discuss this change with its suppliers, to establish a monthly pricing mechanism effective from 1st October 2008.


Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search