Industry searches for price security

✍ Scribed by Willett, Robert E.

• Book ID: 102219788
• Publisher: John Wiley and Sons
• Year: 2008
• Weight: 260 KB
• Volume: 6
• Category: Article
• ISSN: 0743-5665
• DOI: 10.1002/gas.3410061109

✦ Synopsis

A decade ago, secure prices were firmly part of the industry: all business was done on long-tern contract. But come the dawn of the new age, most business is being done on a thirty-day basis.

In this process, prices are determined monthly during one week, bid week. Thus bid week determines the monthly profit of the producer. only to be redetermined in the