Recently in price reporting Category

ICIS has launched its new China Crude Report (CCR), which will be produced in English and Chinese by the ICIS China team in Guangzhou.  Data will also be available on the C1 terminal.  Sold through ICIS China, the daily report will enable Chinese buyers of imported crude oil and other market participants to measure the relative delivered cost of international crude grades to the Chinese market.

The CCR uses FOB/CIF price assessments from the ICIS World Crude Report and freight rates from Simpson Spence and Young (a leading ship broker) to create forward CIF China assessments.  This is done by pricing each crude grade at a differential to the forward curve for the nearest main marker grade (BFOE, Dubai or WTI), at 30, 60 and 90 days, with freight rates then added for the relevant route into China.

Elizabeth (Liz) Bains, formerly with ICIS, has been promoted to editor
of the Middle East Economic Digest (MEED) magazine, she announced last
week.

Bains has been based in Dubai with MEED since August 2008, starting as Gulf correspondent before being promoted to supplements editor and then analysis editor.

Four awards went to ICIS at the RBI Achievement Awards on Monday night in London.

In photos:

1 Online Data Service of the Year: ICIS

2 Outstanding Achievement in Innovation: ICIS Dashboard

3 Event of the Year: ICIS World Base Oils Conference

4 Outstanding Newcomers of the Year: Joint winners: Jacqueline Savory, ICIS Heren, and Gemma Mackenzie, Farmers Weekly

ICIS had a record haul of trophies at last night's RBI Achievement Awards.

Winning in four out of the 24 categories, a strong contingent from ICIS London and Houston celebrated among the 1,500 guests at the annual awards bash for parent company Reed Business Information in London's Battersea Evolution nightclub.

Presented by cult comedy star, Jack Whitehall, the awards were for:

• Outstanding Achievement in Innovation - ICIS Dashboard
• Event of the Year - ICIS World Base Oils Conference
• Online Data Service - ICIS
• Outstanding Newcomers - Joint winners: Jacqueline Savory, ICIS Heren, and Gemma Mackenzie, Farmers Weekly

Photos to follow.

China's energy policy is investigated in this analysis from Kawai Wong, senior editor on the ICIS World Crude Report.

Download the crude oil analysis and access in-depth information on China's oil and petroleum products industry and its potential impact on the rest of the world.

To celebrate the launch of the new ICIS.com site, with a sprinkle of holiday spirit thrown in, we are giving you the opportunity to win a magnum of champagne to start the New Year 2012 with a fizz.

To be in with a chance of winning, all you have to do is enter one of three quizzes. Each quiz contains ten questions and a tie-breaker. (Clue: Blog readers will find one of the chemical questions particularly easy.) 

Closing date for entries is: Thursday 12th January 2012.

The results and winners for each quiz will be announced in the last week of January 2012.

For more information and to take part in the quiz. 

ICIS, the global chemical, energy and fertilizer market intelligence division of Reed Business Information, has announced its acquisition of the global data products and research services of Parpinelli TECNON.

Established in 1958, Parpinelli TECNON is an independent data and consulting business specializing in the areas of petrochemicals, feedstocks, energy, refining and speciality chemicals. The business provides in-depth information to businesses to support planning and research projects and the development of market strategies through annual report programmes, analysis tools and individual consulting projects.

Click here for the full article

The Libyan crude oil market developments are investigated in this analysis from Kawai Wong, senior editor on the ICIS World Crude Report. It includes the political and economic aspects, analyses exploration licensing and the refining industry, as well as providing an outlook on the future of the market.

Please complete this form to download your free copy of the ICIS crude oil price analysis. 

A guest posting from Caroline Murray, blogging for ICIS on her way to a symposium on PET in Florence ...

This time last week I donned my trendiest shades to protect my eyes from the garish orange hue that is Easyjet, on a non-business flight to London.

Once jostled into position I was forced to fold my body, origami style, into the seat I fought tooth and nail for. I was understandably horrified when a midriff belonging to the gentleman next to me in 26B happily moulded itself around what should have been MY armrest.

I closed my eyes to the horrors around me.

Shortly after takeoff, my ears were subjected to the hounding of a string of sales pitches screeching out over the tannoy. What happened to a single trolley, softly rustling down the aisle?

I eventually became oblivious to the incessant racket and was growing rather fond of my new friend the midriff, so I dosed off.

As I dreamt of all the exciting things one could do with polyethylene terephthalate (PET), Susie, the surly stewardess, poured a cup of nuclear hot chocolate over my head, jacket and trousers. Her first reaction (which was slow by the way) was to offer me a single cocktail napkin; her second was to start patting my head with it; her third was to take cover as I started flapping my arms around while I jumped up and down trying to blow out the flames. 

Hugh's forthright statement in Friday's ICIS styrene report about wanting a single styrene Europe contract price certainly put the cat among the pigeons, on the sidelines at EPCA in Berlin.

One producer called it a "bold statement" - reminiscent of Yes Minister's discouraging "That's a bold move, Minister."

All parties to the contracts were keen to point out how much they too would like a single contract price, before enumerating all the reasons why this was not going to work.