As announced on 15 February 2013, ICIS is implementing a process for rolling consultation on all of its pricing methodologies. This consultation paper is part of this process and covers all of the ICIS primary price points included in the weekly Benzene pricing reports.
The formalisation of the market consultation process is one of the undertakings made by ICIS under the Independent Price Reporting Organisations (IPRO) code. ICIS is developing this code with other Price Reporting Organisations through a process that began in 2011. It enshrines best practice within the industry, and ICIS is externally audited to prove compliance with this code.
To find out more download our Benzene Consultation