ICIS Consulting launches new Supply and Demand Window for chemicals markets

23 May 2014

ICIS Consulting today announces the launch of a new ‘snapshot’ view of supply and demand data for chemicals markets. The ICIS Supply and Demand Window is an enhancement to the company’s ICIS Dashboard online service which provides access to price quotes, news, historical and forecast information all in one place.

This is in response to clients requiring greater insight into longer term trading patterns to help bolster contract negotiations, future plans and investments. Kieran Cosgrove, Senior Consultant, Olefins and Derivatives at ICIS says “Until now, gaining access to accurate forecast data for global or regional chemicals has proved difficult for some market players. Although this information is available in a detailed format from ICIS and other specialist providers, it requires a significant investment in money and time to access and evaluate the most relevant historical and forecast data and create a summarised view.”

To meet the needs of producers and buyers focused on specific chemicals, as well as traders and analysts operating in multiple markets, the ICIS Supply and Demand Window gives a top level ‘snapshot’ view of market trends for the last five years and forecasts five years further forward.

Users of the ICIS Dashboard can now add a Supply and Demand Window for one or more chemicals markets to their existing subscription service. The window is regularly updated with the most current information on production and consumption, imports and exports, capacity and utilization rates, ensuring complete accuracy.

ICIS is already a trusted provider of a range of price and market reports, market analysis and a detailed supply and demand database. This new service is a market ‘first’ that gives wider access to key information to more market players, and will help inform plans, budgets and forecasts for producers, traders and buyers across the chemicals spectrum.

To find out more about the ICIS Supply and Demand Window, please visit www.icis.com/supplyanddemandwindow 

 

For further information please contact:

Rose Harris, Senior Marketing Executive, ICIS

+44 207 911 1723

About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group.

About Reed Business Information

Reed Business InformationReed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

About RELX Group RELX Group

RELX Group plc is a world-leading provider of information solutions for professional customers across industries.

We help scientists make new discoveries, lawyers win cases, doctors save lives, and executives forge commercial relationships with their clients. We help insurance groups offer customers lower prices by assessing risk better, and save taxpayers and consumers money by enabling governments and financial groups to detect fraud.

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