Home / Knowledge / News / Textiles / INEOS buyers to support monthly contract price for ethylene, propylene
INEOS buyers to support monthly contract price for ethylene, propylene
Mar '09
INEOS has confirmed its support for the continued application of the monthly pricing mechanism for the second Quarter of 2009. The company will again propose a monthly price to its suppliers for April 2009.

This decision follows the announcement in December 2008 when INEOS supported a monthly pricing mechanism with its suppliers effective from 1st January 2009.

As a major buyer, INEOS made initial agreements for January monthly prices for Ethylene and Propylene with key suppliers. Subsequently these prices and the monthly pricing mechanism have been adopted by the European industry as the only viable price mechanism for the first quarter 2009.

The monthly pricing mechanism has worked very well for the European industry in difficult market conditions during the first Quarter 2009. Participants have demonstrated crucial discipline in timing of settlements and the European industry has been better able to manage the balance between costs, supply and demand to remain as competitive as possible in a global market.

A monthly pricing mechanism will continue to allow the European industry to respond positively to the ongoing challenges and ensure that the European chemical industry remains competitive and profitable in the current, unpredictable global market.


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Steve Cole
Xerium Technologies

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

Kerem Durdag
Biovation II LLC

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search