The current fluctuation in oil prices is being closely followed by all sections of the media, such is the influence of oil on the world economy. This scrutiny adds further to investment doubts and in itself assures that in the near future we cannot expect stabilization. Whilst the growing panic among drilling companies is concerning to all, as their investments begin to teeter on the border of profitability and they seriously begin to consider previously unthinkable scenarios.

The question then remains whether the recent jump in the price of a barrel of North Sea Brent oil by 16% to $57 a barrel  is the result of a change in the balance of supply and demand,  or merely a result of speculation by market traders. Unfortunately for those drilling companies, most commentators who study world oil reserves and production conclude that the latter is true, and that the current rise in prices is only temporary.

Together with currency fluctuations, the chemicals industry is greatly influenced by oil prices, as its value determines the direction of pricing policies for key suppliers of raw materials. Of course, the dynamics of these processes are themselves strongly influenced by the global nature of trade via the internet.

We at Spotchemi a.s. have implemented a project for the online trading of chemical materials as a response to the increasing dynamism of pricing processes in the chemicals’ sector. In addition to our already available real-time marketplace, we have added a blog portal, which will develop into a platform for the exchange of news and experience in chemicals trading.

At this point Spotchemi is collaborating with renowned companies in the field of chemicals’ markets research, so that they may contribute qualified studies of the markets that affect your business.

We believe that by doing this we can offer you a unique service of both real-time trading and analysis in one location. We hope you enjoy using our new platform and we look forward to your feedback and participation.

Your Spotchemi team