What is the point of using auctions to buy/sell oleochemicals?

Our internet platform Oleoline.com specialises in organising auctions, with a minimum volume of 300 mt. You can initiate an auction if you wish to sell or if you wish to buy (reverse auction).

Here are some of the main rules and benefits of such auctions:

• All our auctions are binding and confidential.
• Our market knowledge enables us to advise the right timing for holding an auction.
• The initiator of the auction defines with the Oleoline team the modalities of the auction.
• The initiator alone has access to our back office: the participants do not know who else and how many other participants are auctioning.
• The participants join by invitation only.
• Auctions are generally held for a 20 minutes time frame.
• Reverse auctions typically achieve around 13% better prices than market prices.
• As a participant it gives the opportunity to have access to large volumes and check the temperature of the market.
• The fee is minimal.
• The whole process is auditable.

• Market Information & Reports
• Using Auctions to Buy and Sell