01 February 2012 23:41 [Source: ICIS news]
HOUSTON (ICIS)--The Plaza Group has launched a specialised trading desk for benzene, toluene and xylene, the international petrochemical marketing company said on Wednesday.
“The information provided by the trading desk will help buyers understand what is affecting current market outlooks [the trading desk examines not only these specific petrochemicals, but also the raw materials that impact market activity] and how those outlooks will change,” the Houston-headquartered company said. “So buyers can make a more informed choice on the best time to act.”
Launched on 1 January, Plaza Group Trading operates around the clock to provide information globally, the company said.
The new operation provides “more product data, introducing additional tools and facilitating transactions for larger quantities of specific petrochemicals on behalf of its partners”, the company said.
The Plaza Group said it launched the operation after it tested and achieved results for its customers on a small-scale trading desk platform.
The Plaza Group markets products for Dow Chemical, Frontier Oil, Total Petrochemicals, Mitsui, CEPSA, Husky Energy, Polimeri Europa, Flint Hills, Blue Island Phenol, Sumitomo, Alon Refining, Valero and Shell, according to the company website.
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