CheMatch quarterly transaction volume surpasses one million metric tons
HOUSTON (July 24, 2001) – CheMatch (chematch.com), an Internet-based marketplace and information resource for the buying and selling of bulk commodity chemicals, plastics and feedstocks, has reported that its Global Trading Network has set another quarterly trading record.
For the second quarter ended June 30, 2001, CheMatch reported that transaction volumes exceeded one million metric tons, up over 400% compared with the second quarter of 2000. This is the ninth consecutive quarter that the company has achieved record trading volumes. "Surpassing one million metric tons in quarterly transaction volumes is a significant milestone,” said Larry McAfee, CheMatch President. “Achievement of this record is testament to the hard work of our employees and validation of the increasing adoption of the CheMatch exchange and auction platforms by the petrochemical industry." In addition, the company reported that trading activity has got off to a strong start in the third quarter with approximately one quarter of a million metric tons transacted month to date through Friday, July 20. Since CheMatch's inception, more than 3.5 million metric tons has been transacted through the company's Global Trading Network.
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