The PetroChem Wire LLC is not a brokerage or clearing house – it is a publishing company. You would need to call a broker or trader to be able to transact.

It depends. If you clearly communicated your bid or offer to the editors at the PetroChem Wire before it was published, the editors would consider issuing a correction. If you did not communicate with the editors before the wire was published, a correction would definitely not be considered.

The bids and offers listed for polymers are referred to by people in that market as the “contract market,” meaning that buyers and sellers enter into a contract, basing prices on a single rail car’s value. To ensure the validity of these bids and offers, they are confirmed with The Plastics Exchange, which typically lists a “contract market” for every commodity polymer.

The bids and offers published are actual bids and offers. Sometimes they are wide when trading slows.

It’s under consideration. Write to info@petrochemwire.com and we can discuss it.

The Spot Market liquidity can change dramatically throughout the month and seasons based on supply/demand balance. Offered volumes typically range between 12 and 35 million lbs, with notable exceptions occurring in extreme market conditions. When the market is more liquid the range in price is generally tighter than in loose market conditions. All transactions are cleared by The Plastics Exchange and are completely anonymous.

The Plastics Exchange makes a Bid/Ask Forward Market for 7 Generic Prime commodity grade resins with set technical specifications. The spread is generally $.04/lb wide and is guaranteed to be valid for at least 1 bulk railcar (~86MT) delivered to most US locations or 100MT packed in 25kg bags in an approved Houston warehouse.

The front 2 months are published although deals can be transactions for the next 12 months forward. All contracts are non-transferable and are to be physically delivered or unwound back to The Plastics Exchange only.

The Plastics Exchange also maintains the Spot Market; it is the constant flow of Generic Prime and good Wide-Spec resins both truckloads and railcars, as offered each business day by major distributors, traders, exporter and producers. Every North American producer’s resin has traded through The Plastics Exchange.

The aggregate of the relevant current offers are summarized with the low-high range of price posted. Offers are made sometimes just for a day, although usually for one week and are removed when known to be sold. All spot offers are subject to prior sale and credit approval.

The offers in the Spot Market vary by melt flow, density, additives, and quality. Details of each specific offer can be seen on The Plastics Exchange, and are guaranteed to be delivered as represented.