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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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- Determine settlement and contract terms
Propylene news and market information products from ICIS
We offer the following regional Propylene coverage to keep you informed of factors and developments affecting prices in the Europe Propylene marketplace.
Price Reporting – More information about the price reports we publish on Propylene
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News & Analysis - News & market analysis specifically relating to Propylene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q1 2017
The European propylene market firmed throughout the first quarter.
With market players mindful of the rapidly approaching start of production maintenances, and derivative export opportunities still well-supported, demand remained firm. There was some unexpected length in certain areas due to a couple of derivative production issues but these did not last long.
Contract reference prices increased in January, February and March as turnarounds neared, particularly the supply crunch period of March-May.
Spot supply tightened, partly as a couple of unplanned cracker and refinery issues impacted the market.
Higher prices in the US put additional upwards pressure on European spot prices and polymer grade propylene prices rose above the prevailing contract price in mid-February, flipping from discounts against the contract price to double-digit premiums within a couple of weeks.
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.
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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.