Polyols Prices, markets & analysis
ICIS offers intelligence on the Middle East polyols markets to support your commercial decision making – from trusted pricing information, breaking news and in-depth analysis to longer-term supply and demand forecasts.
Use ICIS information to:
- Underpin settlements and contracts
- Understand what’s driving polyols prices
- Feed into your own analytical models
- Confidently plan for the future
Polyols Middle East Transcript
The ICIS polyether polyols Middle East report was launched in December 2011 to complement and expand the geographical reach of ICIS’s existing polyols coverage.
The weekly report, which publishes on Thursdays, provides unique coverage of conventional polyols prices for flexible and rigid foam on a drum basis.
Price assessments are provided on a CFR Middle East and CFR GCC basis after a rigorous process of information gathering.
A wide cross-section of sources in the Asian, European, Middle Eastern and African markets are contacted including producers, buyers and traders.
The report provides details of price movements, demand and supply trends, market sentiment and a brief survey of macroeconomic influences that may have an effect on price movements.
Information is also provided on polymer polyol grades. Price information and trends for upstream products such as the key feedstock, propylene oxide is also provided as well as insight from the downstream markets.
Being the first of its kind in the market, this report has been well received by its target audience who find it useful to have greater transparency on prices and the factors influencing polyols prices in the Middle East
Polyols news and market information products from ICIS
We offer the following regional Polyols coverage to keep you informed of factors and developments affecting prices in the Middle East Polyols marketplace.
Price Reporting – More information about the price reports we publish on Polyols
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Polyols
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2014
Spot polyether polyols prices in the Middle East, including the Gulf Cooperation Council (GCC) area, were largely stable-to-firm throughout October and early November as sellers took a bullish stance. Material was said to be shorter, especially following a Europe-based producer’s declaration of force majeure at its plant in Europe which had an impact on feedstock propylene oxide (PO) and polyols availability.
On 30 October, the import prices of flexible polyether polyols rose by $30-50/tonne in the Middle East to $2,400-2,430/tonne CFR (cost & freight) Middle East. Prices in the GCC region were up by $50-60/tonne at $2,400-2,460/tonne CFR GCC.
Rigid polyether polyols rose by $30-70/tonne to $2,020-2,050/tonne CFR Middle East/GCC .
Many sellers continued with their price hike initiatives amid shorter supply and managed to conclude deals at higher prices. Some sources added that feedstock PO prices in Asia remained on the high side, despite some price falls in the local Chinese market.
However, prices started falling around mid-November when demand weakened and buyers became cautious on purchasing large quantities towards the year-end. By 4 December, rigid polyether polyols prices had slumped to $1,800-1,900/tonne CFR Middle East/GCC amid declines in feedstock PO prices, especially in the key China market.
By early December, flexible polyether polyols prices dropped to $2,250-2,300/tonne CFR GCC and $2,280-2,300/tonne CFR Middle East, down by around $100/tonne in a matter of weeks. Despite the limited appetite for Chinese material, lower offers from the country at $2,150-2,200/tonne CFR Middle East/GCC were adding further downward pressure on spot prices, sources said.
Market sentiment turned bearish, with buyers refraining from placing firm bids in anticipation of further price falls resulting from softer upstream markets.
Middle East polyols price report – ICIS publishes spot prices for the two most commonly traded grades of polyols in the Middle East markets – conventional flexible slabstocks and base rigid polyols. Polyols are a primary polyurethanes (PU) component.
Prices are assessed in CFR for the Gulf Cooperation Council (GCC) and the East Mediterranean (East Med) regions. Countries covered in the GCC assessments are Saudi Arabia, United Arab Emirates, Iran, Kuwait, Bahrain, Oman and Qatar. For East Med, the countries included are Jordan, Syria, Lebanon and Israel.
The report is published on a weekly basis and gives informed commentary on feedstock prices and trade movements, keeping you up to date with the latest trends and developments to support your business transactions today.
Global Supply and Demand (S&D) database – ICIS gives you an expert view of supply, demand, capacity, trade and production ownership data for the regional and global polyols markets. The database service enables you to search, shape and export data, giving you the insight you need to plan ahead with accuracy. Historical data from 1978 and forecast data up to 2030 is available.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Polyols. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Polyols, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.