07 July 2008 00:00 [Source: ICB]
ICIS PRICING, the global market pricing and intelligence service for the oil and chemical industries, and C1 Energy have joined forces to launch a weekly English language Base Oils pricing report covering the Chinese market.
The current diesel crisis, including the tight supply and spiraling values, has hit the base oils industry especially hard, resulting in acute tightness and price surges, according to industry participants.
Launched in response to increasing demand, the ICIS and C1 Energy Base Oils report gives industry participants reliable and robust information on price changes and market movements in China.
The report provides comprehensive coverage of China's domestic base oils market with price assessments in yuan, as well as in-depth commentary and analysis of the latest trends and outlook.
It is written by a dedicated editorial team based in the C1 Energy office in Guangzhou, China, with contributions on regional developments from an experienced editorial team in the ICIS Singapore office. C1 Energy is an acquisition by CBI China, the leading market intelligence provider on China's petroleum and petrochemical markets,
"ICIS pricing's China CFR price assessments are already widely used in the global market as a benchmark for settling transaction prices," said Christopher Flook, publishing director at ICIS.
"C1 Energy reports are similarly used by oil and gas industry players as a trusted benchmark in the local market," he added.
"The new Base Oils report covering China is a valuable additional to ICIS's existing portfolio, as we have been reporting on the base oils markets in Europe, Asia, and the US for many years.
"It is key for industry players to have concise and comprehensive pricing information to support their decision-making in this critical market," Flook concluded.
Request a free trial of the ICIS C1 Base oils report from ICIS pricing at www.icis.com/pricing or by emailing firstname.lastname@example.org
Visit C1 Energy at www.c1energy.biz
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