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Industry: Email Alert RSS FeedPlastics Forward Marketing Is Here
Chemical Market Reporter, March, 1997
Enron says its services can reduce pricing volatility in bulk chemicals. ENRON CORPORATION, already a big player in forward-marketing of hydrocarbons and electricity, is now pushing forward marketing and price risk management in commodity plastics and petrochemicals. Subsidiary Enron Capital & Trade Resources Corporation (ECT), which began exploring the idea of plastics and petrochemicals price risk management last March, started trading in commodity plastics in June.
According to Don Black; of the petrochemicals and plastics risk management team of ECT, who spoke at a recemt company seminar in Houston, "We're here to make things more dependable." Enron currently manages price risk in crude oil, gasoline, heating oil, residual fuel oil, naphtha,...
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