Styrene Methodology Consultation – Summary of responses
Following the recent announcement that ICIS would be launching a formal methodology consultation process, we have received a number of responses from key market players. To read the anonymised public responses please click on the links below.
ICIS received in total two responses.
This summary takes into account all responses, both confidential and public.
Of the two respondents answering the question about the reliability of the current ICIS styrene methodology, both of them said that it provides a reliable measure of market value.
One respondent requested that price assessments should be accompanied by some indication of how much liquidity was represented in the price range.
Considering the small number of responses, there was insufficient demand to change any of the assessments or the methodology.
The responses do not provide sufficient feedback for ICIS to change its current methodology for deals-based reporting of styrene contract or spot markets in any of the geographical regions.
Any decision to change this methodology will be communicated to subscribers using the usual channels and with the usual notice period.
ICIS continues to welcome any feedback on its styrene methodology outside of the formal consultation process.
To provide further comments or feedback on the ICIS styrene methodology, please contact :
Barbara Ortner: Barbara.Ortner@icis.com
Truong Mellor: Truong.Mellor@icis.com
Clive Ong: Clive.Ong@icis.com
Brian Balboa: Brian.Balboa@icis.com