About the ExchangeChemConnect's Commodities Floor Closes Another Record Month
With more than 500,000 metric tons of commodity chemicals moved in April, volume reaches unprecedented and unmatched levels
Houston, TX (May 9, 2001) – ChemConnect Inc., the company that operates the World Chemical Exchange offering buyers and sellers of chemicals and plastics a dynamic online marketplace supported by strategic e-commerce services, today announced that volume trading on its Commodities Floor reached new record highs in April 2001. More than 500,000 metric tons of standard, high-volume petrochemical products were moved in April 2001, with an average transaction value of $1.3 million year-to-date.
ChemConnect's Commodities Floor is where more than 450 pre-qualified Members from the world's largest oil and petrochemical producers, consumers, traders, and distributors buy and sell products, quickly and efficiently. Since January 2001, the Commodities Floor has moved more than 1.9 million metric tons of commodity chemicals.
"Faced with volatile market conditions, our Members are recognizing and realizing, the benefits of an online, independent global marketplace," said Stan Klocek, ChemConnect Vice President, Commodities Floor Operations. "Our April results are unprecedented and unmatched. With a real-time view of the market, detailed trend information, and access to our brokerage services, our Members are getting market prices faster and more efficiently."
About ChemConnect
ChemConnect is a leader in helping customers optimize their purchasing and sales processes for chemicals, plastics, and related products through a unique combination of market information, industry expertise, e-commerce solutions, and an active network of trading partners. More than 7,500 Member companies in multiple industries around the world can use ChemConnect's highly efficient tools and services to streamline transactions and lower costs. Visit www.chemconnect.com for more information.
For more information, please contact:
Bob Osmond
UpStart Communications
(510) 457-3111
bosmond@upstart.com
Liz Youngs
UpStart Communications
(843) 881-5751
lyoungs@upstart.com
Note to Editors: ChemConnect is a registered trademark of ChemConnect, Inc. All other product, trademark, company or service names mentioned herein are the property of their respective owners.