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 Q3 2014
Refining margins rose during late summer because of lower ICE Brent crude oil futures and tighter gasoline supply due to unexpected refinery outages.
European naphtha prices dropped considerably during the third quarter, partly due to falling crude prices and a strong US dollar versus euro.
Meanwhile, northwest European gasoline markets suffered from declining demand from the US, as the North American crude slate gets lighter.
European gasoline sales had fallen sharply in early 2014 when a particularly harsh cold snap in the key US curtailed export demand.
Gasoline demand from within Europe failed to pick up majorly during summer.
Buying appetite for European gasoline from West Africa continues to be unremarkable.
Demand for blending components such as naphtha has fallen because of the slow gasoline demand from the US and West Africa.
During late third quarter, fuel oil exports to Asia declined on slow Chinese demand.
At the start of the third quarter, US refined product prices pushed higher as summer travel was underway and the US Independence Day holiday boosted demand for gasoline, diesel and jet fuel. However, in the second half of the quarter, weaker crude futures dampened any momentum gasoline and the other refined products had.
Furthermore, as summer ended, refiners are able to produce cheaper, winter grades of gasoline, which typically lessens prices at the pump.
In September, retail gasoline prices fell to a seven-month low on the seasonal switch.
In the US naphtha market, buying interest quieted down during the third quarter, especially since strong gasoline prices have pushed up the naphtha price. As a result, US naphtha is not as attractive to overseas buyers.
Updated to Q3 2014
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.