CheMatch.com Announces First Bulk Plastics Trades; Exchange Sets New Trading Benchmarks.Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 23, 2000 CheMatch.com, a leading global Internet exchange and information resource for buying and selling bulk commodity chemicals, plastics and fuel products, announced that exchange members have transacted the first two trades for bulk plastics on the CheMatch.com platform. The company launched its bulk plastics transaction capability last week, offering trading for fifteen commodity grades of bulk polyethylene, polypropylene, polystyrene and PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. . With over $31.6 million in transactions in the first quarter to date, CheMatch.com has already surpassed its previously announced fourth quarter 1999 trading record. The company also reported that it has set new highs for monthly and daily transaction levels. February trading has exceeded CheMatch.com's previous monthly volume high with 351,000 barrels (47,775 metric tons) transacted on the platform. Furthermore, the company had $4.8 million transacted on its exchange on February 11, which exceeded the previous daily record of $3.8 million. About CheMatch.com CheMatch.com (http://www.chematch.com) is a global Internet exchange and information resource for buying and selling bulk commodity chemicals, plastics and fuel products. CheMatch.com creates a seamless, global marketplace where users can trade 24 hours a day, seven days a week. Strategic and financial investors include Battery Ventures, Bayer AG (NYSE NYSE See: New York Stock Exchange :BAYZY), (FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :BAYG.F), Computer Sciences Corporation (NYSE:CSC), DuPont (NYSE:DD), Millennium Chemicals (NYSE:MCH See Intel Hub Architecture. ), Reed Elsevier, Sprout Group, Stolt-Nielsen S.A. (Nasdaq:STLTF)(Nasdaq:STLBY) (Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. :SNIB snib tr.v. snibbed, snib·bing, snibs Chiefly British To latch (a door or window): "[The] window is snibbed on the inner side" ) and TownsendTarnell Inc. Headquartered in Houston, CheMatch.com has international offices in the United Kingdom, Singapore and Tokyo. |
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