The INSCX upgraded live trade platform for polymers, base oils, titanium dioxide and high-volume nanomaterials is now live.
Users can subscribe for access using the URL link: https://inscx.com/trading/subscribe/
For the first time a real-time forward delivery market is listed in the primary polymer chemical families with contracts types suitable for producers, end-users and professional qualified traders in addition to Spot and Contract pricing. Polymer feedstocks are also listed and a mechanism for producers to calculate both a Volume Weighted Average Price in addition to a Trade Weighted Average price is enabled across all listed products.
This system offers the physical polymer industry a low-cost means to have real-time price discovery based on the price tolerances of producers and end-users while also allowing for the input of the financial trading community.
“The challenge now is for the physical industry to rally to use the system as opposed to continuing to rely on general price assessments, as the polymer industry now has an alternative that delivers both price discovery and the ability to hedge”, an exchange spokesperson added.
In addition to polymers, INSCX has upgraded listing of base oils, TiO2 and high-volume engineered nanomaterials.