Products Prices, markets & analysis
For clear insight into regional Products markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
There’s no better way to stay up-to-speed with all the latest information that can make a difference to your business.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Products Overview Transcript
The daily Products report is a global report focusing mainly on processes mainly in Asia, US, and Europe. This allows our customers to really compare how prices are different between the different regions.
It may also be used to identify key market trends in the US. In addition the report allows our customers to find possible arbitrage opportunities.
For example, if Asia has stronger demand for a product such as naphtha, then that product, which is being made in the US could be shipped to Asia to help fill demand.
The report allows you to see the premiums and discounts in a product, and therefore you can determine the supply and demand issues in the region for this specific product
Products news and market information products from ICIS
We offer the following regional Products coverage to keep you informed of factors and developments affecting prices in the Europe & US Products marketplace.
Price Reporting – More information about the price reports we publish on Products
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 Products
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2014
Refining margins for all crude oil products rose during the fourth quarter because of lower ICE Brent crude oil futures, and this led to unexpectedly high run rates at refineries.
However, prices for all crude oil products declined on the back of the free fall in upstream Brent.
Northwest European naphtha spot prices went on a sharp downward spiral in the fourth quarter of 2014.
In mid-December, naphtha prices fell below $500/tonne CIF (cost, insurance & freight) northwest Europe (NWE) for the first time in five-and-a-half years.
Meanwhile, production cuts in Brazil and Venezuela led to an unprecedented buying spree in the European gasoline market.
The gasoline arbitrage to the US was also open in the early part of the fourth quarter, but closed off in late November.
In bunker fuel markets, amendments to the International Maritime Organization’s (IMO) Marpol and European Commission’s sulphur directive mandated a maximum sulphur use of 0.1% in bunker fuel from 1 January 2015.
Low-sulphur fuel oil (LSFO) with 1% sulphur content – the grade being replaced – stopped trading in the European open market in early November.
Updated to Q4 2014
The dramatic losses in crude oil futures heavily impacted the US refined products markets in the fourth quarter of 2014.
Despite some spot increased demand for travel during the US Thanksgiving holiday in November and the Christmas travel period in December, demand for refined products, such as gasoline and jet fuel, typically taper off in the fourth quarter.
At the pump, gasoline prices have fallen back to 2009 levels on a mix of the weakness in crude futures and as refiners are producing cheaper, winter grades of the product.
Heating oil prices also fell as typical increased winter demand proved not enough to outweigh the tumbling crude futures prices.
In the naphtha market, US Gulf (USG) heavy naphtha spot prices dropped to a four-year low in October and saw only slight builds the rest of the quarter.
The retail ceiling price for gasoline posted two increments and two declines over the August-November period. Because of the weak wholesale market, petrol stations were able to give considerable discounts for gasoline, because their margins remained good.
Gasoline consumption was relatively high in the third quarter, because China’s sales of vehicles that run on gasoline increased by 15% year on year from January to October. From mid-August to mid-October, end-user demand rose because of high temperatures in China’s summer months and increased vehicle usage during the National Day holiday which fell on 1-7 October. Additionally, China raised its retail ceiling prices twice in the same period, which boosted speculative trade.
However, demand fell slightly from the second half of October to mid-November, because it was the offseason for gasoline, while international crude prices had weakened.
On the supply side, both Sinopec’s and PetroChina’s refineries kept relatively high operating rates of 80-84% from mid-August to mid-November. The gasoline output ratio was above 20%, because it had better margins compared with other products.
In terms of blended gasoline, supply was ample during the same period, as end-user demand was weak, with Sinopec and PetroChina having bought only a small amount.
Updated to mid-November 2013
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Products.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Products. 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 enable 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 Products, 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.