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BPI and the Market

BPI and the Market. Update RPF May 03. Resolution. That a working group on the Bitumen Price Index be tasked to draft appropriate insertions into contract documents and that the matter be taken up with SAFCEC to facilitate its implementation. Task group. Mike Zacharias (Shell)

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BPI and the Market

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  1. BPI and the Market Update RPF May 03

  2. Resolution That a working group on the Bitumen Price Index be tasked to draft appropriate insertions into contract documents and that the matter be taken up with SAFCEC to facilitate its implementation

  3. Task group • Mike Zacharias (Shell) • Eugene Ricketts (Caltex) • Trevor Distin (Colas) • David Rose (Ninham Shand) • Mike Winfield (Martin & East) • Dieter Vietze (alt Poens Venter) (Power Roads)

  4. Model BPI (now BPAF) = f (180 cSt IFO, PPI) Continues to predicate reasonably movements (+or-) in market prices

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