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.
In this webinar, Mark Victory, Senior Editor, Manager, ICIS, covers:
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?
Market experts from ICIS and International eChem hosted a free webinar discussing regional scenarios and their potential impact on petrochemical markets. The webinar provides critical multi-regional insights to consider as you head into your planning season.
We made the webinar recording and presentation slides available for you to watch and download.
In this on-demand webinar, Fabrizio Galiè, ICIS senior consultant and global lead for polymers insight, provides an overview on the recent trends in the polyolefin (PE and PP) market dynamics, and the expected evolution of the sector.
In spite of being affected by extreme volatility the sector has potential for growth and presents opportunities for businesses.
On 10 October the Bundesrat, the German federal council, passed a resolution calling for an EU-wide ban on combustion engine cars by 2030. The resolution is non-binding. Nevertheless, it is a strong signal of intent that they believe the future of the automobiles is electric vehicles (EVs) and hydrogen-fuel cells.
In this white paper we discuss the potential for a rapid expansion in carbon fibre growth, and the wider plastic growth opportunities this will create.
The first half of 2016 saw a double-digit increase in polyethylene (PE) imports into Europe when compared with the same period in 2015, as domestic demand grew but European production failed to keep up with this growth – shrinking instead.
In this Infographic, ICIS consultant Fabrizio Galié breaks down the figures for the main import and export destinations of the Americas, the Middle East and Africa and Asia in 2016, including whole-year estimates for PE movements.
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.
ICIS brings you news and views from the ACC CPI Polyurethane Technical Conference in Baltimore in this latest ICIS interactive, with video interviews with leading CPI and industry executives and the winners of the PU Innovation Award for 2016.
Europe petrochemicals come under the microscope in ICIS’s latest special publication, produced in association with EPCA on the occasion of its Annual Meeting in Budapest at the beginning of October. Feedstocks and energy, EU infrastructure, diversity and inclusion, and the impacts of Iran, biobased materials and COP21 are all covered, with EPCA’s president and board members interviewed.
Polyurethanes come into sharp focus in the latest special publication from ICIS, prepared in association with the American Chemistry Council on the occasion of its annual Polyurethanes Technical Conference, in Baltimore, US. Markets, innovation, recycling and sustainability as well as end use markets such as construction and automotive are all featured in a series of indepth articles.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
Egypt is set to re-emerge as a key supplier of polystyrene (PS) to markets in Europe and Africa with the restart of domestic production. The country has had to rely on costly imports of styrene feedstock since late 2014, rendering local PS production uneconomic. However, a new styrene supply deal and the promise of new styrene capacity will allow Egypt to raise its domestic PS output in the years ahead.
Global phenol and acetone markets are suffering from overcapacity as new projects come on stream and demand growth remains tepid. As a result, phenol and acetone prices are becoming more competitive and global trade flows are changing.
This infographic provides an at-a-glance reference view of the key drivers and subsequent developments in the ethylene market throughout the course of the year.
ICIS has recently launched the latest version of the China PBR Annual Study, an in-depth report of the year’s developments and hot topics with supply/demand outlook for 2015. To give you a glimpse of the type of valuable information provided in the annual study, we have made a section available for you to view.
Download this free market outlook presentation by ICIS for a better understanding of the latest phenol developments.
Find out what's happened over the last 3 years, insight into the changes and the outlook for the rest of the year.
Read about North American Polyethylene (PE) Market Outlook for 2014 and 2015.
Drawing on expertise from ICIS Consulting and discussions with industry players, we recommend reading this article if you are making short- to mid-term commercial decisions in the US PE market.
The TiO2 market in North America saw some failed price increase attempts at the end of 2013. Supply is strong and no problems are currently expected. Buyers are predicting steady growth in 2014 as new home construction is on the increase.
Tyre sales are expected to stay flat as consumers continue to hold back on new vehicles or replacement tyres. 70% of styrene butadiene rubber (SBR) output is consumed by the tyre industry so the European market is expecting lack-lustre performance in 2014.
Phenol production is averaging at 65-70% due to poor demand. US acetone is therefore expected to be balanced to tight into 2014. Estimated volume growth year on year is estimated at 3%.
Having followed a downward trend in 2013 as a result of oversupply, Asia's vinyl acetate monomer (VAM) spot prices are set for recovery in 2014 say industry sources.
Published each month, the monthly ICIS Middle East Polymers Index provides a measure of the average change in Gulf Cooperation Council (GCC) polymer prices over time. The index dates back to January 2000.
ICIS experts further analyse recent developments surrounding the downtrend in oil prices and have produced a white paper, which covers every angle of this market development and its impact on downstream petrochemical markets.
John Richardson and Malini Hariharan's Asian Chemicals Connections looks at Asian and global commodity chemicals and polymer pricing trends, supply and demand, macroeconomics, energy and environmental issues.
Paul Hodges looks behind today's headlines and studies key influencers shaping the chemical industry over the next 12-18 months. He takes a closer look at oil prices, economic growth and the environment among other things, along with some light-hearted commentary along the way.
This blog will write about the introduction of financial-style regulation on the European energy sector from REMIT to MiFID and onto criminal sanctions of market abuse, showing how their impact is really yet to be felt, and explain what it means for the everyday working practices of different parts of the industry.
Listen to the latest podcast from ICIS and learn about current Methyl Ethyl Ketone (MEK) market conditions, pricing, supply and demand, and news.
Jo Pitches interviews Stefan Naidu about how an explosion that destroyed one of Shell's propylene oxide (PO) production units in Moerdijk, Netherlands on June 3 continues to affect European PO derivative markets such as monopropylene glycol (MPG) and polyols.
Rob Miles interviews ABS and SAN editor Matt Tudball on the impact of feedstocks and Asian imports on the European markets.
ICIS has recently launched the latest version of the China Styrene Annual Study, an in-depth report of the year’s developments and hot topics with supply/demand outlook for 2015. To give you a glimpse of the type of valuable information provided in the annual study, we have made a section available for you to view.
Polyurethane editors Heidi Finch and Stefan Naidu discuss market fundamentals and price trends in the European polyurethane market.
In this webinar, Mark Victory, Senior Editor, Manager, ICIS, covers:
Join ICIS as we take a closer look into Asian methanol and downstream acetic acid markets. In this special report, ICIS experts give key insights into price drivers, how supply and demand fundamentals have been affecting the marketplace, and most importantly, what the outlook is for the rest of the year.
ICIS experts closely following natural and synthetic-based surfactants in Asia have produced a video covering key insights into the current market situation and price drivers, with a near-term outlook of key surfactants commodities such as linear alkylbenzene (LAB), linear alkylbenzene sulphonate (LAS) and alcohol ethoxylates.