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

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

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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