Commodity chemicals (bulk chemicals) are a group of chemicals that are made on a very large scale and act as intermediates to produce other chemicals, which, in turn are used to produce a extensive range of end-user products including construction materials, adhesives, plastics, apparel and tires. Commodity chemicals are the largest sub-segment of the chemical industry. Commodity chemicals are commonly traded under broad categories such as organics, inorganics, plastics resins, synthetic rubbers, fibers, films, explosives and petrochemicals. These broad categories include chemicals such as, acetic acid, acetone, acrylate esters, adipic acid, acrylonitrate, benzene, bisphenol, butadiene, butanediol, butyl acetate, hexane, melamine, polyvinyl chloride, propylene, methanol, methyl, glycol and glycerines. These chemical are very low in product differentiation, and hence making price the dominant economic factor in purchasing decisions for the end users.