ICIS pricing launches weekly Ethylene US Margin report

23 March 2010 05:57  [Source: ICIS news]

ICIS pricing the leading price reporting service for the global chemical industry, has extended its series of weekly ethylene margin reports to include the US market.

The new ICIS pricing Weekly Ethylene US Margin Report models the production of ethylene from both ethane and light naphtha feedstocks. The report assesses producer cash costs and margins by modelling the feedstock and key variable costs, the co-product credits and product yields. Both spot and contract price scenarios are considered.

Combining ICIS pricing’s benchmark price assessments with feedstock yield models from leading engineering contractor Linde Engineering, the report offers an authoritative and independent measure of how the volatile business environment is affecting cash margins. This transparency of market dynamics provides buyers, sellers and traders with a basis for informed decisions on market positioning.

“The launch of this additional ethylene margin report enables completely independent and impartial tracking by ICIS pricing of performance across the three largest ethylene-consuming regions of the world”, said Paul Ray, Head of Data & Analytics, ICIS. “We are very excited to provide a global service support to the globally referenced and recognised petrochemical bellwether product.”

The concise 2-page report includes charts, tables and bullet-point summaries, giving a clear indication of both short-term and long-term trends.

The launch of the US ethylene margin report builds on the success of existing European and Asian ethylene margin reports.

ICIS publishes trusted pricing information and analyses the factors driving the chemical industry. ICIS weekly ethylene pricing reports are widely used for benchmarking and market intelligence, to underpin commercial contracts and to support key business decisions.

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