RESIN-TRADING SYSTEM ONLINE

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A new Internet site touted as the first independent, interactive, global resin-trading system went online Jan. 13.

1st Polymer Market, a tradename of B&H Polymer Services of Amsterdam, the Netherlands, provides a Web site where buyers and sellers can conduct trades for resins.

Willem-Jan Schutte, managing director of 1st Polymer Market, said in a Jan. 24 telephone interview that sellers can offer resins anonymously.

While it is based in Amsterdam, the organization has Internet service providers in North and South America, Europe, Africa, the Far East and Russia, Schutte said. The service has a $300 annual membership fee, and also is supported by advertising sales, he said.

Through the service, resin sellers can use a standard form to indicate products they have available, prices, product specifications, delivery times and the period of time for which their terms are available. Sellers can state or negotiate the currency with which transactions will be closed.

Likewise, buyers can post their needs, product specifications and their terms to which sellers can respond, he said.

``This is a real-time exchange, which is updated every second. You can have a monitor on your desk seeing the offerings and direct quotations from anywhere in the world,'' Schutte said.

The Web address is http:// www.1st-polymer-market.com.