As China’s outlook darkens, the competitive landscape is fast evolving for global plastics. Industry players must review their strategy and seek new sources of growth.
This outlook piece will answer these questions and more, offering insights into market developments and the global outlook for 2015.
Get a retrospective outlook for key energy markets including Oil; Carbon, Coal, and Power.
The European Power Trading Report (EPTR) covers quarterly updates on key market insights for 14 different European countries.
Gain access to the widest range of established markets, but also developing European Power markets ,such as Romania, Bulgaria, Greece and Turkey.
The ICIS Power Index (IPI) gives homes and businesses an insight into price trends on the UK wholesale electricity market.
The IPI is published daily by ICIS, an independent authority on UK electricity market pricing, and is available at no charge.
The ICIS Top 100 Chemical Companies list provides you with a further dissection and analysis of the Top 100 Chemical Companies.
It includes the Top 10 chemical companies in each region with detailed analysis and comprehensive commentary. This feature is published annually in ICIS Chemical Business.
In this white paper we put forward our proposal for an optimised MSR that would enables the EU ETS to promote reductions in greenhouse gas emissions in the most cost-effective and economically efficient manner.
We believe our proposed approach is able to handle a broad array of emission regimes (including high emissions scenarios) whilst preserving the integrity of the EU ETS carbon price signal.
The Chinese government has been offering firm support to aid the development of the LNG sector, bringing about an increase in investment opportunities throughout the country.
Download this free whitepaper to gain a better understanding of China’s LNG supply and demand, import capacity and construction of new terminals.
The ICIS Top 100 Chemical Companies 2015 listing highlights the top players in the global chemical industry.
Most chemical companies found it difficult to generate top line and profit growth in 2015 following a strong performance in 2014.
Mosaic’s long-term outlook for the fertilizer industry remains positive, despite declining fundamentals for crop nutrients, CEO James Prokopanko said.
Easy access to a host of downloadable ICIS Chemical resources; including:
Easy access to a host of downloadable ICIS Energy resources; including:
Easy access to a host of downloadable ICIS Fertilizer resources; including:
As competing market forces send mixed signals about the global olefins situation and outlook, uncertainty and volatility present challenges to industry players. How will the Olefins market fare?
Having a view of the future supply-demand scenario is crucial in shaping your forecast planning and business strategies. Download the ICIS Polyolefins Trade Flow infographic now to:
Scenario Planning for 2016 and Beyond Special publication features whitepapers produced by the ICIS Consulting team covering:
Natural gas flow via the bidirectional Interconnector pipe linking Britain and Belgium was less responsive to the premium of the Zeebrugge Day-ahead contract over its NBP counterpart – known as the basis – during gas year 2015, ICIS analysis shows.
ICIS looks at why one of the most price-sensitive pipes in Europe became less so in gas year 2015, and analyses net British exports via the pipe as well as basis volatility.
Polyethylene (PE) and polypropylene (PP) buyers in Europe are facing further price increases for 2017, particularly those with contracts linked to upstream ethylene and propylene, and discussions are expected be tough.
ICIS has created an infographic showing the current polyethylene (PE) situation in Europe, including spreads, production and current trends.
With China being the largest importer of benzene in Asia, there is greater demand for imported benzene because of downstream expansions which would require more feedstock. At the same time, the buyers in China want the domestic market fundamentals to be reflected in the price of the cargoes they import on a CFR China basis. How will this affect international market players dealing in the Asian benzene market? ICIS recently produced a whitepaper addressing the impact of China’s influential role, coupled with an in-depth review and outlook of the Asian benzene market.
Global demand levels, market liquidity and increasing global supply were just a few of the talking points at the 50th EPCA meeting in Budapest this month. Chemical industry players from Europe and across the world gathered to discuss what lies ahead for their markets.
Our ICIS consultants give their views on what were the hot topics in the benzene, styrenics and polyolefins markets.
With benzene prices steady at the start of Q4 2016, European players at the 50th European Petrochemical Association (EPCA) meeting in Budapest, Hungary this year were anxious to discuss the various factors that will drive the market in 2017.
Read this latest market outlook from Senior ICIS Editor, Truong Mellor.
The Dutch TTF overtook the British NBP to become Europe’s biggest natural gas hub by total traded volume for the first time in the 2015 gas year, recording a combined 20,238TWh of over-the-counter (OTC) and exchange trade.
ICIS takes a look at how and why the TTF surpassed the NBP to become Europe’s most liquid gas hub, analysing which contracts drove the liquidity surge and how volume was shared out between OTC and exchange platforms.
Trade on the Belgian Zeebrugge - British NBP Day-ahead basis will drop when the premium that the Belgian hub holds to the British market rises above 2.0p/th, as flows down the bi-directional Interconnector pipeline hit nameplate capacity, according to ICIS data.
ICIS analysis demonstrates that although the NBP Day-ahead was trading at a significant discount to its Zeebrugge counterpart, there was not, as may have been expected, a surge in interest from shippers taking advantage of the lower priced contract. This is because British export capacity had reached its limit.
Low-calorific natural gas (L-gas) production in the northeastern Dutch province of Groningen has been a key concern for European gas market participants for the best part of two years. Mounting civil unrest around earth tremors associated with Groningen production has forced the government to overhaul its production strategy.
In this white paper, ICIS examines the detail of the new plan and how the Netherlands and the rest of northwest Europe will cope with reduced production of the unique L-gas that Groningen yields.
This summer saw bearish market conditions for ethylene glycol (EG), as high import levels and the subsequent excess spot availability placed downward pressure on prices. Conditions improved in September, but recent developments may affect 2017 negotiations as they get underway on the sidelines of EPCA.
In light of this market uncertainty, ICIS has created a mid-year trade flow infographic, highlighting import and export volumes and destinations using data from Eurostat.
Europe strengthened its position as a net exporter in 2015 due to new butadiene (BD) capacities, but global trading conditions were subdued. This year, healthier demand has returned, allowing the full impact of capacity increases to be seen across Mexico, the US and South Korea.
To give you the complete picture, ICIS has created a mid-year trade flow infographic, highlighting import and export volumes and destinations using data from Eurostat.
The start of winter often brings a change in European gas flow profiles as the market adjusts to rising weather-driven gas demand, as well as the end of the storage injection cycle and summer maintenance schedules.
ICIS looks at how some of the key European import and cross-border gas supply patterns are likely to change when the new gas winter begins on 1 October.
It’s time to look ahead to next year. Uncertainty over crude oil prices, market volatility and large-scale increases in global supply, all in the context of a hesitant economic recovery in Europe, are just some of the challenges likely to face European petrochemical markets. ICIS consultants give their views on what the future may hold for polyolefins, benzene, styrene and polystyrene markets in Europe next year.
The shale revolution has transformed the US energy and industrial landscape and with it chemicals. Planned new investment in the chemical industry has topped $160bn: the sector has been revitalised.
The following recent ICIS news coverage pinpoints the opportunities and challenges for natural gas and for ethane. The stories span the Atlantic and the Americas and reach out to China and Algeria.
The ICIS monthly Macroeconomic News Bulletin offers valuable insight and in-depth analysis on the latest macroeconomic developments both in Europe and globally. With original comment and articles by leading European banks, economic analysts and market specialists, see how the principal macroeconomic factors could affect and shape the petrochemical industry.
With little more than a week to go until Spain implements sweeping balancing reforms, traders agreed the changes will increase liquidity at the Spanish wholesale gas market.
The deadline for Spain to comply with changes to European gas network code balancing reforms, designed to make the AOC more liquid and increase price transparency, is 1 October.
ICIS looks at where that liquidity will take root – on the developing brokered market or through newly-formed exchange MIBGAS.
It has been a couple of tempestuous years for the European propylene market. A tight market in the first half of 2015 due to a string of production fails left European derivatives poorly-placed in the global arena and subsequently demand reduced and supply lengthened considerably.
This mid-year trade flow review infographic using data from Eurostat reflects how Europe managed this volatile environment.
Rough is Britain’s largest storage site, accounting for over 70% of total British storage capacity. But this winter, the British gas market will not be able to rely on Rough after Centrica Storage announced the near-full shutdown of the site until March or April 2017.
ICIS looks at how Britain will cope with record low stock levels during the winter months.
China’s methanol-to-olefins projects have fueled the demand for domestic methanol, causing an estimated consumption capacity of 22.6m tons in 2016. With this new sector now driving China’s methanol growth, how will international market players change their strategies to stay on top of this new development?
The ICIS China Methanol Annual Study is a comprehensive guide that analyses China’s dynamic methanol markets, with a focus on the influential role of the methanol-to-olefins sector to help you understand this new market dynamic.
With China’s economy now entering a new era, there have been several macro-economic factors causing the trade dynamics of the domestic oil markets to change. ICIS has recently produced a whitepaper which discusses in great detail, the current market overview of the oil and petroleum markets and what these new developments mean for you and your business.
Readjustments to global benzene pricing earlier this year saw Europe become the most expensive region for the first time since 2011.
In his latest whitepaper, ICIS Consultant, Rob Peacock, reviews the first half of 2016 and explains what caused the market changes. He then goes on to explain the factors which will affect the market heading into 2017, including new aromatics capacity coming on stream and the restart of some idled facilities in southeast Asia.
Spanish LNG imports in August fell to the lowest level since at least 2004 as pipeline gas imports increased, new figures from Spanish gas transmission system operator Enagas and Spanish state oil and gas stocks agency CORES showed.
ICIS examines the above factors in depth, and takes a look at how supply-side issues in Nigeria and Algeria contributed to the Spanish LNG crunch.
While the US remains the key source of styrene imports arriving into the EU, H1 2016 saw an overall drop in volumes moving into the region despite some planned production closures. The restart of the 550,000 tonne/year ELLBA unit at Moerdijk in January 2016 helped rebalance some of the tightness in Europe, and a stronger Asian market earlier in 2016 also diverted US material away from Europe. This also led to more styrene exports leaving the EU in H1 2016, with the opening of the eastbound arbitrage window.
Spanish pipeline imports at the start of September reached their highest levels since January, as shippers raced to replace reduced LNG inflows. ICIS takes a look at what drove the surge in pipeline imports as well as the price increases at the AOC, a market which has historically relied heavily on LNG imports.
US-based Dow Chemical has been named the ICIS Company of the Year, based on financial metrics, by weekly global publication ICIS Chemical Business. The selection takes into account year-on-year growth in profits at the operating and net levels, as well as margins in 2015.
EU benzene imports continued the growth trend of recent years and were up again in H1 2016 compared to the same period last year, with strong prices earlier in 2016 helping pull volumes from other regions. More capacity coming online in Saudi Arabia and India should also see additional volumes making their way into the EU by 2017. Meanwhile, EU benzene exports saw a considerable drop in H1 2016 compared to the previous year, with reduced extraction capacity in Europe and the firmer domestic prices limiting opportunities to move material out of the region.
The 'death of diesel' has once again come into the spotlight and new EU emissions testing regimes make it an unlikely route to achieving 2020/2021 CO2 targets. In this white paper ICIS discusses how and why this will lead to a significant increase in European plastics demand.
A seven-month high in traded volume on the TTF contract for delivery in September helped to lift total trade at the Dutch hub in August.
ICIS takes a look at the why trade at the TTF was so strong in August, analysing which contracts traded particularly strongly, and whether traders gravitated towards OTC brokered trade or exchange platforms.
Europe’s ethylene landscape has been more fluid and dynamic over the past two years than ever before. The advent of low oil prices in Q4 2014 led to record cracker margins, strong demand, and increased operating rates, which in turn was considered a factor in the unprecedented number of production problems in 2015.
This mid-year trade flow review infographic using data from Eurostat demonstrates how Europe has managed the rollercoaster environment.
The ICIS Top 100 Chemical Companies is a ranking of the world’s largest chemical producers by sales. The listing includes both public and private companies, as well as additional metrics on operating profit, net income, capital expenditures, R&D spending, as well as total assets and employees.
With the onset of the monsoon season, India’s consumption of methyl ethyl ketone (MEK) has decreased drastically. MEK producers are now exporting to neighbouring countries in southeast Asia, which has led to the recent price hikes. How will this price increase affect the global MEK landscape?
To keep up with the changing trade dynamic, ICIS has enhanced its coverage of the Asia MEK market with a newly added CFR (cost & freight) India quote. This new quote will analyse import and export flows from southeast Asian producers to the India markets, with greater visibility on the demand factors driving price movements in the India MEK market.
With more stronghold markets in southeast Asia coming onboard, China faces tight competition in terms of polyolefins exports. Market players now need a precise and comparative view of the domestic markets well as the regional import markets.
The ICIS China Polyolefins Weekly Reports have now been updated to reflect a more strategic and granular look at China’s polyolefins market, with data and insights on price trends, production capacities by grades for each demand sub-category, and supply and demand balances, in order to help industry players prioritise key market segments and maximise opportunistic returns
Read this ICIS market insight by markets reporter Ben Lake to examine the potential impacts and gain a deeper understanding of the changing face of etac in Europe.
Trading of forward natural gas contracts in Ukraine may be launched in 2017 when a new network code is introduced, the CEO of the Ukrainian Gas Exchange Valentyn Kovbasyuk told ICIS.
ICIS takes a look at the importance of these new products in a market which is becoming increasingly liberalised, and which stands at a crucial point in the natural gas network, sandwiched between the EU and Russia.
With 340,000 tonnes of MMA coming online next year in the Middle East existing trade flows could change, with the big question being what will happen to regional supply balances?
Read this ICIS market insight by Markets Editor Katherine Sweeney to see the potential impact, examine global production levels and understand the expectations for supply and demand from 2017 onwards.
With the Zeebrugge Day-ahead basis projected to head deep into negative territory this gas winter, a revised commodity charge levied by British operator National Grid should act as a price incentive to send gas from Belgium to Britain.
ICIS takes a look at the what this new tariff will mean for gas flow between Belgium, a key transit market for northwest European gas, and Britain.
ICIS hosted a webinar on 11 August, covering the current market situation for key oil products such as crude, gasoil and gasoline, and the likely market direction in the next couple of months.
With China’s oil demand being continually being pressured by slower economic growth, what does this mean for you and your business? What is the current sentiment of market players trading in this sector?
With a steady rise in demand and imports due to opportunities in the downstream agriculture and construction sectors in India, the country has emerged as a leading polyvinyl chloride (PVC) market globally.
ICIS recently produced a whitepaper that examines the key demand and supply trends in India. It also highlights the limitations of the currently established price benchmark model and explores alternatives that could help address the gap.
The hedging of LNG volumes at Britain’s natural gas market, the NBP, has pushed the gas far curve into backwardation, market experts told ICIS.
ICIS takes a look at the reasons why hedging of LNG volumes has increased, and why this has had a particularly keen impact on the British NBP gas hub.
As major refineries take on more expansion projects, China’s domestic refining capacity has increased in the last five years. With China becoming more self-sufficient, what are the potential opportunities in this newly emerging market? What does this mean for international players?
Examining the impending opportunities in the China oil and petroleum market, the ICIS China Petroleum Annual Report provides a detailed insight into the current market situation and latest developments, with a supply and demand outlook up to 2020, to map out the potential of this growing industry.
This ICIS infographic reviews the year so far for Turkish polymers, including information on the PE and PP imports, which you can use to help better understand the Turkish markets.
China’s stock market crash in January saw prices for crude oil tumble to a record low. This has greatly changed the dynamics in the domestic ABS market, with import volumes decreasing and total domestic capacity increasing.
As China’s emerging ABS market becomes more self-sufficient, how will international players adapt their sales strategies to stay on top of these developments?
The sulphur infographic has been created to show the flow of trade between major sulphur producing countries and where they are located, along with major importing countries.
Sulphur is recovered from natural gas and oil and the graphic shows how sulphur is used once burnt into sulphur dioxide and then converted to sulphuric acid.
Sulphuric acid is deemed one of the abundantly made industrial chemicals. It is used to make hundreds of different compounds needed across the chemical industry.
The largest being phosphoric acid which is used to produce phosphate fertilizers and accounts for 90% of sulphur produced or extracted.