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Orion Engineered Carbons adopts new sulfur fuel oil index

Orion Engineered Carbons adopts new sulfur fuel oil index

Global Carbon Black supplier Orion Engineered Carbons is adopting the Platts North-West Europe one percent Sulfur fuel oil index (FO 1%S FOB NWE)  for contract pricing in Europe replacing the one percent Sulfur Rotterdam fuel oil index (FO 1%S FOB ROT) in Europe as of July 1, 2019.  The one percent Sulfur Rotterdam fuel oil index is no longer functional does not trade forward and does not track other one percent indices anymore. The 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, said the company in a statement.

“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.  “We will continue to closely monitor CBO market changes with the upcoming IMO Marpol 2020 regulations.  We will keep our customers updated if further required changes are needed due to changes in feedstock markets.  We look forward to growing our customer relationships with the reliable supply of valued added carbon blacks.”

Orion group produces a broad range of Carbon Blacks that include high-performance Specialty Gas Blacks, Acetylene Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks. It runs 14 global production sites and four Applied Technology Centers.

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