In this webinar, Mark Victory, Senior Editor, Manager, ICIS, covers:
Base oil markets are undergoing a transition, driven by regulation, low oil prices and weak demand growth.
The 2016 ICIS Base Oils special publication examines the major trends in the market, with input from industry experts and ICIS editors.
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?
ICIS and Japan’s The Chemical Daily have produced a special 76-page publication looking at petrochemical markets, investments and trends in Asia, to coincide with the APIC 2016 conference in Singapore. The publication also looks at developments in leading Asian countries and the Middle East, as it affects Asian markets.
China consumption of polyethylene (PE) grew strongly in 2015 and into 2016 as China boosted availability of consumer credit, but if China should fall too deeply into debt, GDP growth would slow – and with it, PE and polypropylene (PP) consumption.
Oversupply has put a lot of pressure on the Asian aromatics sector during 2015 and 2016. However, lower oil and naphtha prices are now providing some relief and bolstering margins. But how long can this last, given that new benzene capacity is expected onstream in the second half of the year and the demand outlook is sluggish amid the economic slowdown in China?
ICIS recently hosted an Asian polyolefins market seminar and had several presentations covering key developments, price movements and an outlook into both Asian and Middle East polypropylene (PP) and polyethylene (PE) markets. If you wish to access any of the presentation slides from the event, simply click on the links below:
The scale-up of new polymer plants in the Middle East will have a huge impact on global polyethylene (PE) and polypropylene (PP) markets. These will include in particular PP from Borouge 3 in Abu Dhabi and PE from Sadara in Saudi Arabia.
Another factor set to significantly impact global polymer markets is the lifting of sanctions in Iran, which will speed-up polymer investments in the country.
Download the white paper to read about the historical and forecast evolution of polyolefin supply and demand in the Middle East
Prices for propylene oxide (PO) derivatives, monopropylene glycol (MPG) and di-propylene glycol (DPG), have increased in April, as a series of plant turnarounds have impacted PO supply. The largest hikes were seen for DPG for structural supply-related reasons.
This animated infographic illustrates the spate of PO/MPG plant maintenance turnarounds for a number of suppliers during the spring as well as other PO-related news.
The MMA market has reached a potential turning point, with the first signs of upward pressure in the markets for some time. Read our latest whitepaper on ‘Shifting tides in the global MMA and PMMA markets’ to learn more about the impact of firming prices in Asia on the European MMA and downstream polymethyl methacrylate (PMMA) markets.
Visit ICIS at the VIP lounge A of the Raffles City Convention Centre and discover how we can help you navigate through continued changes in the Asian petrochemicals market.
ICIS Consulting believes a price floor has been reached for benzene after contracts increased for the first time this year in all three regions. Stronger crude oil and feedstock prices as well as healthy demand from downstream styrene markets will support higher prices in the second quarter of 2016.
“Taiwan’s Formosa Plastics Corp (FPC) announced its polyvinyl chloride (PVC) May-lifting offers to India, China, southeast Asia and other regions at $30/tonne firmer, a move likely to be followed by other producers, market sources said on Tuesday.”
Full article available in the link below.
Polyethylene (PE) buyers are again under pressure to pay more in April, and sellers are looking to improve margin, despite the spread between ethylene and polyethylene already being very high- more than double what it was at the end of 2014. Supply has tightened and the overhang from 2015 supply issues hangs in the air.
European benzene spot prices moved lower following the April contract settlement. However, upward momentum on crude oil and some production issues in the US last week could reverse this trend.
As the European melamine market gears itself up for the second-quarter contract negotiations, listen to Markets Reporter Melissa Hurley interview Melamine Editor Katherine Sweeney on the current expectations in the market.
In March 2016, Asian base oils prices have finally snapped out of a continued downtrend that began since the third quarter of 2015.
Watch this video, produced by ICIS, to gain further insights into key developments that have driven price and market movements in the region, as well as what you can expect in the near term.
European polymer markets look set to remain tight over the next quarter as outages impact supply and keep prices and margins strong. But high prices could attract imports and impact profitability for European sellers. In Asia meanwhile, margins remain strong for now, but an explosion of new global capacity over the next couple of years, especially for PE, along with lower oil prices and slow Chinese demand are likely to reduce profitability.
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.
Benzene has driven polystyrene (PS) and expandable polystyrene (EPS) prices for two years and reached a record high settlement in January. Volatile benzene pricing will continue to be the major price driver in 2014. Only slight growth is anticipated.
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.