ICIS Reports glossary


The following is a glossary of terms and abbreviations commonly found within ICIS pricing reports.

General Terms

ACP

Asian Contract Price

APCP

Asian Posted Contract Price

API

American Petroleum Institute (issues US petroleum statistics)

APPI

Asian Petroleum Price Index

ARG

German pipeline group, major ethylene inland distribution (Aethylen Rohrleitungs Gesellschaft)

bl/mldg

Blow moulding (plastics reports)

BPAP

BP Agreed Price (LPG quote in feedstocks)

C

in paraffin wax to denote melt point in degrees Celsius

C-grade

chemical grade (propylene) / commercial grade (toluene)

CP

contract price

CSD

carbonated soft drinks

CNO

coconut oil

CST

centistoke, unit of viscosity, ratio of a liquid’s absolute viscosity to the density of that liquid

DOE

US Department of Energy

DTY

drawn texturised yarn

EBM

extrusion blow moulding (PET)

EGAF

antifreeze grade ethylene glycol

EGF

fibre grade ethylene glycol

EGI

industrial grade ethylene glycol

ext

extrusion (plastics)

FDY

fully drawn yarn

FRASS

freight rate assessment

GP

general purpose

H1

first half (year)

H2

second half (year)

HD

high density (plastics)

HIPS

high impact polystyrene

ICP

Indonesian crude price

INJ

injection

IPE

International Petroleum Exchange

LDPE

low density polyethylene

LLDPE

linear low density polyethylene

LPG

liquid petroleum gases (butane and propane on feedstocks)

MAP

monthly agreed price

MON

motor octane number

MoU

memorandum of understanding

MPGIM

industrial – technical grade monopropylene glycol

MTH

month

N+A

naphthenes and aromatics (naphtha)

n/c

no change

N-grade

nitration grade (toluene)

NAT

natural

NYMEX

New York Mercantile Exchange

PC

polycarbonate

P&C

private and confidential

P-grade

polymer grade (propylene)

PM

propanol methoxy/methoxy propanol/propylene glycol ether

PMA

propanol methoxy acetate

PFY

polyester filament yarn

PSF

polyester staple fibre

POY

partially oriented yarn

Q1

first quarter (year)

Q2

second quarter (year)

Q3

third quarter (year)

Q4

fourth quarter (year)

R-grade

refinery grade (propylene)

SBM

stretch blow moulding (plastics)

s/d

shutdown

SDY

spin drawn yarn

SP

spot price

SYN

synthetic (glycerine, ethanol)

T1

material manufactured outside the EU and possibly subject to duty

T2

material manufactured within the EU

TVA

temporary voluntary allowance

UPR

unsaturated polyester resins

USP

pharmaceutical grade

VLCC

very large crude carrier

W-A

weighted average

WTI

West Texas Intermediate (US specification of crude oil)

 
Commercial Terms
CFR

 

cost & freight

C&F

freight, for oil bulk cargoes

CIF

cost, insurance & freight

CPT

carriage paid to

DEL

delivered

DAF

delivered at frontier

DDP

delivered, duty paid

DDU

delivered, duty unpaid

DOM

domestic

EXW

ex-works

EXWH

ex-warehouse (China assessments)

FCA

free carrier

FOB

free on board

FOB(*)

FOB price spread at Friday close

FOB(+)

FOB price spread for the week

FOR

free on rail

FOT

free on truck

FD

free delivered

FRT EQ

freight equalised

Free alongside

FOB

Form A

preferential rate of duty

ITT

inter-tank transfer

LC

letter of credit

NOM

nominal

 
Units

lbpound (weight)

bbl

 

barrel

cwt

hundredweight (112lb)

Cbm

cubic metre

dmt

dry tonne (or dry metric ton)

dst

dry short ton

gal

US gallon

hl

hectolitre

kg

kilogramme

kt

kilotonne

L

litre

lt

long ton (2,240lb)

mt

tonne (1,000kg or 2,204.62lb)

mt/year

tonne per year

st

short ton (2,000lb)

 
Locations
ARA

 

Amsterdam-Rotterdam-Antwerp

AR

Amsterdam-Rotterdam

A-P

Asia-Pacific

CIS

Commonwealth of Independent States

CMP

China Main Port

FARA

Flushing-Amsterdam-Rotterdam-Antwerp

FARAG

Flushing-Amsterdam-Rotterdam-Antwerp-Ghent

FSU

former Soviet Union

HTC

Houston/Texas City

MED

Mediterranean

NYH

New York Harbor

NWE

northwest Europe

Rdam

Rotterdam

Spore

Singapore

USEC

US east coast

USG

US Gulf

USGC

US Gulf coast

USWC

US west coast