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From pricing information to the analysis you need to understand it, ICIS coverage of regional Propylene markets is second to none.
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We offer the following regional Propylene coverage to keep you informed of factors and developments affecting prices in the Europe Propylene marketplace.
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Insight and analysis of factors driving prices.
Updated to Q2 2017
During the second quarter, propylene prices saw a continuation of the softening trend, which had started to emerge at the end of March. April supply was better than expected on the back of some unplanned derivative issues, which reduced propylene consumption. However, actual spot volumes traded were very limited. With most propylene players well-prepared and well-covered for the turnaround crunch month, that spot activities were muted was no surprise. By mid-April and into May, market players adopted a wait-and-see stance with just a few remaining weeks to go before the majority of cracker maintenances were completed. However, the restarts did not go as smoothly as planned and there were several unexpected hiccups on cracker and refinery production, so this supported spot prices and prevented further price weakening.
The April contract reference price settled at €880/tonne FD (free delivered) NWE (northwest Europe), and the May contract reference price rolled over. A €40/tonne decrease was implemented in June largely on the back of upstream declines.
While domestically the propylene market was fairly quiet, more US volumes were fixed to arrive in June-July period primarily to cover a producer who had had a couple of production problems in May. Demand from derivative producers was fairly strong but stable throughout the quarter.
The ICIS European propylene report is a benchmark report, which means the prices published are widely referenced in industry contracts. We cover the contract market, which is a monthly market, on a free delivered (FD) northwest Europe (NWE) basis.
This is an industry agreed price, meaning that key producers and key consumers can exchange price ideas and negotiate a new settlement in the last week of every month.
ICIS covers the spot market, both on the chemical grade sector and the polymer grade sector. Additionally, we cover prices on an inland basis, on a free delivered (FD) northwest European (NWE) basis and in the deep-sea market on a cost, insurance & freight (CIF) coastal basis.
Market fundamentals, such as supply-demand developments and production issues, both planned and unplanned, in the derivative markets downstream are all covered on a weekly basis in the report.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Propylene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
General Propylene Methodology Consultation read more >
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Propylene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.