Orion Engineered Carbons Adopts Platts North West Europe 1% Sulfur Fuel Oil Index for Pricing Formula in Europe
Orion Engineered Carbons S.A Common Shares (OEC)
Last orion engineered carbons s.a common shares earnings: 2/20 04:45 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company“ or “Orion”), a worldwide supplier of specialty and high-performance Carbon Black, today announced the Company is adopting the Platts North West Europe 1% Sulfur fuel oil index (FO 1%S FOB NWE) for contract pricing in Europe replacing the 1% Sulfur Rotterdam fuel oil index (FO 1%S FOB ROT) in Europe as of July 1st 2019. The 1% Sulfur Rotterdam fuel oil index is no longer functional, does not trade forward and does not track other 1% indices anymore. FO 1%S FOB NWE is currently functioning and therefore is the appropriate index at this time. Orion exclusively uses low Sulfur carbon black oil (CBO) grades in Europe. “Orion values our European customers and strives to work with them in a highly transparent way,” said Erik Thiry, Senior Vice President Rubber Carbon Black. “Orion will continue to closely monitor CBO market changes
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