ICIS launches new Asia fibre intermediates report

30 July 2007 08:22  [Source: ICIS news]

SINGAPORE (ICIS news)--ICIS pricing, the global market pricing and intelligence service for the oil and chemical industries, on Monday said it has launched a new daily Fibre Intermediates report for the Asia Pacific region, complementting the weekly reports of the purified terephthalic acid (PTA) and monoethylene glycol (MEG) markets.

The report will be a reconstitution of the current MEG report and will feature comprehensive daily price assessments for PTA and MEG as well as a commentary on the daily fibre intermediates market trends and outlook.

"China’s overwhelmingly increasing influence on the fibre intermediates market has seen it releasing a bevy of uncertainty towards the Asian market, said Salmon Lee, a senior editor at ICIS pricing.

"With this in mind, ICIS pricing has decided to launch the new daily report with added market commentary from both MEG and PTA arenas to help industry players make effective pricing decisions."

ICIS pricing’s weekly PTA and MEG pricing reports are already renowned benchmarks in the global market for competitive price settlements.

Following closely to the algorithm of the Chinese Language Fibre Intermediates (China) report launched in 2006, the newly commissioned Fibre Intermediates Daily report will include in-depth assessments of spot quotes for PTA and MEG, in both US dollar and yuan (CNY).

This aims to serve as a more focal insight into the Chinese market’s buoyancy and volatility in relation to other markets in the Asia Pacific region.

Request for a free sample of the Fibre Intermediates Daily (Asia Pacific) report now by clicking here or you may call us at +65 6789 8828.

By: Staff Reporter
+44 20 8652 3214

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