ICIS, a leading source of market intelligence for global petrochemical, energy and fertilizer markets, has improved the functionality of its Dashboard with an intelligent Formula Builder capability.
As volatility continues in global energy, fertilizer and petrochemical markets, it is imperative for buyers and sellers to stay on top of price movement within their markets. It’s vital to update and compare pricing formulas in line with these market developments, in order to protect profitability and seize arbitrage opportunities as they arise.
Trusted by traders, buyers and sellers worldwide, ICIS’ information is relied on for benchmarks and price settlements. Subscribers to the Dashboard can easily access petrochemical, energy and fertilizer prices from any device, on a single, customised platform.
By adding the new Formula Builder to the Dashboard, ICIS is enabling customers to save time when embedding ICIS prices into their formulas, and making it easy to identify changes and trends in markets they operate in.
This added functionality allows customers to build and save their contract formulas into the Dashboard. Contract prices and charts will automatically update with the latest prices, to instantly calculate real-time contract prices, as well as discounts and premiums.
Dashboard subscribers can also add their formulas to the Price History window, to gain a holistic view of seasonal market trends over time, and benchmark performance.
“This new functionality provides a smart and easy way for our customers to track and chart their contract formulas, enabling them to react quicker to market movement. By using this information in negotiations our customers can make better-informed decisions and gain a competitive advantage,” said Simon Platt, ICIS Director of Product Management.Find out more about the Formula Builder on the ICIS Dashboard »
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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.
Reed 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 products and services 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.
RELX Group plc is a world-leading provider of information solutions for professional customers across industries. The group employs about 28,000 people of whom half are in North America.
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The ICIS Dashboard is a single, online platform that offers an instant, detailed view of the chemical, energy and fertilizer markets.
From pricing information and global trade activities, to supply and demand and breaking news, the ICIS Dashboard provides users with an unparalleled, customisable view of the factors affecting market conditions – all in a single screen.Request a demo »
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ICIS price reports provide independent and reliable pricing and market intelligence for the global petrochemical, energy and fertilizer markets.
Our price reports cover more than 180 commodities and focus on pricing trends in all major trading regions, giving you the information you need to make better-informed business decisions.