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Pricing

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In today’s dynamic markets, capitalise on opportunity and limit exposure with a transparent view of pricing and the multiple factors influencing it.

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All key factors through the value chain are included in our forecast methodology, from spot price movements, supply, demand, trade flows and production margins to market sentiment, seasonality, inventory levels and feedstocks.

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Pricing for Chemicals, Fertilizers, and

Recycled plastics


Manage volatility with ICIS’ in-depth pricing reports covering over 300 chemical, fertilizer and recycled plastic commodity markets. Settle contracts based on benchmark prices no matter where you operate, with spot, contract, import, export and domestic prices of typically traded grades, broken down by country and / or region.

With our in-depth understanding of the entire chemical value chain, ICIS forecast models are fully integrated, from crude oil and feedstocks to downstream commodities. Understand the impact on global export markets of newer entrants such as China, with analysis in both English and Chinese.

Stay ahead of fast-moving markets with customised alerts when prices meet criteria; see how your market has moved, with price spreads from the previous month; and understand the relative cost competitiveness of alternative raw materials.

ICIS Supply and Demand Database

Optimise planning, production and investment with ICIS Supply and Demand Database. Benefit from a complete picture of the chemicals supply chain showing capacity for over 100 commodities in 160 countries, up to 2050.

Energy pricing


Identify new opportunities and mitigate risk with ICIS’ in-depth energy pricing intelligence covering natural gas, LNG, power and renewables, carbon, hydrogen, crude oil and refined products. Preserve operating margins and adapt faster to volatility with real-time news and expert market commentary.

Optimise trading decisions with reliable forecasts factoring in variables such as storage, import and export flows, outages, weather and temperature forecasts. Benefit from historic pricing data revealing patterns and trends, while gaining a complete understanding of what is driving your market today.

ICIS price forecast models are fully integrated, from European gas and power to carbon markets, and from crude oil and feedstocks to downstream commodities.

Why use ICIS pricing intelligence?

Manage risk

React faster with instant access to price assessments and forecasts covering spot, contract, import, export, international and domestic prices for feedstock and commonly traded commodities.

Strengthen your negotiating position

Safeguard against price fluctuations and lock in costs and income for the longer term, with ICIS’ industry-standard price assessments, plus arbitrage and netback calculations.

Respond to markets in real time

Benefit from global news coverage of sudden price shifts in key active trading regions alongside in-depth policy and regulation coverage.

Get an expert view

Learn about the impact of short- and long-term trends, with impact commentaries and analysis from experts embedded in key global markets.

Plan with confidence

Evaluate opportunities and risks with confidence, using cross-commodity, integrated data and cross-regional trend analysis to develop internal pricing models.

Understand market sentiment

Learn about reported and confirmed deals, bids and offers, to gain a sense of buyers’, traders and sellers’ willingness to transact.

Streamline processes

Optimise efficiency and accuracy with ICIS data and analytics seamlessly integrated into your modelling and forecasting.

Gauge the impact of capacity on prices

Access supply and demand data to assess the price impact of planned and unplanned plant shutdowns and maintenance, as well as new capacities.

ICIS news

Keep up to date, with all the latest news on pricing.

PODCAST: Sulphur shortage still a worry for Europe's capro market

LONDON (ICIS)–Caprolactam (capro) availability in Europe has been very tight until recently, following a shortage of sulphur and low downstream demand. However, slow capro demand has helped to balance the market. Senior capro editor Marta Fern joins senior fertilizer editors Julia Meehan and Sylvia Traganida to discuss current developments and what lies ahead for the market.

16-Jul-2024

BLOG: China petrochemicals capacity growth: A new normal of much greater uncertainty

SINGAPORE (ICIS)–Click here to see the latest blog post on Asian Chemical Connections by John Richardson: Understanding what was going to happen to petrochemicals capacity additions in China used to be easy as all you had to do was read the state-run press. I am referring to comments in the local media way back in 2014 that China was going to push much harder towards petrochemicals self-sufficiency. This helps explain why in products such as polypropylene (PP), China’s percentages of capacity over demand could this year exceed 100%. But conversations with industry sources indicate that interpreting what will happen next to China’s capacity growth has become way more complex. Let’s start with the decision to cap China’s refinery capacity at some 1 billion tonnes a year from 2027 onwards up to at least 2040. This is a huge change from 2000-2026 when capacity is forecast to increase by more than 250%. The reason for the cap on refinery capacity is that China wants 40% of its car fleet to comprise electric vehicles (EVs) by 2030. It also wants all new car sales to be EVs by that year. At first glance, this indicates that China won’t have sufficient local petrochemicals feedstock to maintain its aggressive self-sufficiency push. One could thus reach the conclusion that deficits or imports will rise given the weaker economics of importing feedstocks. But local refineries may be turned into petrochemicals feedstock centers. As local transportation fuels demand declines, maintaining good refinery operating rates may hinge on China’s ability to export increasing quantities of gasoline and diesel which in a world of increasing trade tensions may be difficult. I had thought that China’s push towards peak carbon emissions by 2030 and carbon neutrality before 2060 would make it difficult to get approval for heavy industrial projects for start-up after 2030. Now, though, I’ve been told that the push to reduce carbon emissions is already making it hard to win approvals. Each province in China has reportedly been given a carbon budget. If a province wants to make room in its budget for a heavy industrial project, it might have to shut down an existing plant. Combine this with the small scale of some petrochemicals plants in China and we will or already are seeing closures of older plants to make way for new facilities, I’ve been told. This especially applies to the more developed provinces with high carbon output. If all of this is true, do not assume that this is automatically good news for all petrochemicals exporters to China because of the demographic-driven demand slowdown, China’s sustainability push and the country’s closer relationship with Saudi Arabia. As I’ve been stressing over the last three years, events in China point to a much more confused and blurred picture. Don’t panic and embrace confusion as this is the only sensible response. Editor’s note: This blog post is an opinion piece. The views expressed are those of the author, and do not necessarily represent those of ICIS.

16-Jul-2024

Stolthaven Terminals chosen as potential operator for Brazil green ammonia export terminal

HOUSTON (ICIS)–Logistics firm Stolthaven Terminals announced that in cooperation with Global Energy Storage (GES), it has been selected as the only potential operator to design, build and operate a green ammonia terminal in Brazil to be located within the industrial export zone at Pecem in the state of Ceara. The Port of Pecem Authority, referred to as CIPP, awarded the rights to the partnership after a 15-month tender process involving global storage providers. Stolthaven said this development will see the production of green hydrogen and ammonia and allow offshore markets access to one of the most competitive sources of this renewable energy. During the next phase, with the involvement of all parties including ammonia producers, the basic engineering of the terminals will be undertaken before confirmation of the official contract. In 2023, Stolthaven Terminals and GES agreed upon a partnership to develop and operate an export terminal for hydrogen and its derivatives with Stolthaven already having a local presence in Brazil with 42 years of experience as a storage provider in the Port of Santos. “We are proud to be chosen by CIPP as the right partner for its Hydrogen Hub. This is one more step towards executing our strategy for growth and supporting our customers in transitioning to green energy,” said Marcelo Schmitt, Stolthaven Santos general manager. “Brazil is fast becoming a new export powerhouse for biofuels and renewable energies and our extensive local and global experience, together with the expertise of our partner GES, will make it a successful and exciting development for the storage industry.”

15-Jul-2024

Westlake appoints Jean-Marc Gilson as new CEO, effective today

NEW YORK (ICIS)–US-based chemical and building materials producer Westlake Corp has appointed Jean-Marc Gilson as president and CEO, effective 15 July. He succeeds Albert Chao, who becomes executive chairman of the Westlake board of directors. Gilson most recently served as president and CEO of Japan-based Mitsubishi Chemical Group from 2021 until March 2024. From 2014-2020, Gilson served as CEO of France-based Roquette, a family-owned global leader in plant-based ingredients and a leading provider of pharmaceutical excipients. James Chao, the current chairman of the board, will become senior chairman. All these appointments take effect 15 July. “I am excited to welcome Jean-Marc as the newest addition to Westlake’s management team. Westlake is in a very strong position supported by a world-class team, and, having served as the CEO of Westlake for the last 20 years, now is the right time to implement our succession plan,” said Albert Chao, who noted Gilson’s 25 years of executive experience in the chemical industry in the US, Europe and Asia. “I am honored and humbled to become the second, and first non-family, CEO of Westlake,” said Gilson. “I have long admired Westlake as a best-in-class company at the forefront of delivering life-enhancing products through innovation in essential materials and building products,” he added. Jean-Marc Gilson also becomes president and CEO and a director of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP. Albert Chao will become executive chairman and James Chao will become senior chairman of the Westlake Chemical Partners GP LLC board of directors. UBS analyst Joshua Spector said the timing comes as a “bit of surprise”. The Chao family owns around 75% of Westlake Corp, and Gilson’s 25 years of experience skews towards specialty chemicals, he noted. Key questions will be around Westlake’s strategy and commitment to growing the building products business, Spector added.

15-Jul-2024

Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 12 July. Europe ethylene spot prices turn firmer on demand, feedstock, looming cracker turnarounds European ethylene spot prices have firmed week on week on the back of better-than-expected demand amid higher feedstock values and an increasing focus on upcoming planned cracker maintenance outages. Global crude demand slows in Q2, China consumption contracts – IEA Global crude oil demand slumped to 710,000 bbl/day in Q2 2024 as China’s post-pandemic economic rebound ran its course, the International Energy Agency (IEA) said on Thursday. Storm Beryl damage, economic loss to US estimated at $28-32 billion Total damage and economic loss in the US from Storm Beryl amounted to $28-32 billion, according to meteorology firm AccuWeather. Europe chemicals players expect construction demand to remain sluggish until H1 2025 Chemicals players in Europe do not expect any substantial recovery from the building and construction industry until the first half of 2025 at least. Flooding to continue across central US as Beryl moves inland Flash flooding is expected as Storm Beryl continues to progress across the central US, with blackouts and logistic shutdowns seen in parts of Texas. ‘Life-threatening’ storm surge in Texas as Hurricane Beryl makes US landfall Hurricane Beryl has made landfall in eastern Texas and looks set to batter parts of the state’s key petrochemicals production hubs, with the US National Hurricane Center (NHC) warning of a life-threatening storm surge on Monday.

15-Jul-2024

BLOG: The time for action to protect European chemicals is now

LONDON (ICIS)–Click here to see the latest blog post on Chemicals & The Economy by Paul Hodges, which looks at the growing risk that Europe will deindustrialise. Editor’s note: This blog post is an opinion piece. The views expressed are those of the author and do not necessarily represent those of ICIS. Paul Hodges is the chairman of consultants New Normal Consulting.

15-Jul-2024

Asia top stories – weekly summary

SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 12 July 2024. OUTLOOK: Asia naphtha market braces for supply uncertainties By Li Peng Seng 12-Jul-24 12:00 SINGAPORE (ICIS)–Asia’s naphtha market sentiment is expected to be choppy in the short term due to a lack of clarity on arbitrage supplies against volatile demand. OUTLOOK: Asia EVA market loses shine as demand from PV sector lags By Helen Lee 11-Jul-24 11:25 SINGAPORE (ICIS)–Demand for ethylene vinyl acetate (EVA) from China’s photovoltaic (PV) industry is likely to remain lackluster amid an oversupply in the entire industry chain. PODCAST: China to accelerate hydrogen development via energy law By Patricia Tao 10-Jul-24 11:25 SINGAPORE (ICIS)–China's recent decision to include hydrogen in its draft national energy law signals a transformative shift in the country's energy landscape. China EV giant BYD to invest $1 billion in Turkey production plant By Nurluqman Suratman 09-Jul-24 15:24 SINGAPORE (ICIS)–Chinese electric vehicle (EV) giant BYD has agreed to invest $1 billion to set up a manufacturing plant in Turkey which will produce up to 150,000 vehicles per year. PODCAST: Asia recycling market sees increased interest in pyrolysis By Damini Dabholkar 09-Jul-24 11:17 SINGAPORE (ICIS)–Market players in Asia are increasingly becoming more interested in the use of pyrolysis oil as fuel. OUTLOOK: SE Asia PE to see some demand recovery in H2, challenges persist By Izham Ahmad 09-Jul-24 15:07 SINGAPORE (ICIS)–The southeast Asian polyethylene (PE) market is expected to face modest demand recovery in the second half (H2) of the year, but this is likely to be negated by increased supply and the threat of high freight costs affecting import shipments.

15-Jul-2024

July WASDE projecting higher corn production but a decrease in soybean output

HOUSTON (ICIS)–The US Department of Agriculture (USDA) is projecting higher corn production but a decrease in soybean output according to the July World Agricultural Supply and Demand Estimate (WASDE) report. In the monthly update corn production for 2024-2025 is forecast up by 240 million bushels on greater planted and harvested area from the June Acreage report, with yield unchanged at 181.0 bushels per acre. The current outlook is also calling for larger supplies, greater domestic use and exports, and slightly lower ending stocks. Corn beginning stocks are lowered 145 million bushels, mostly reflecting a greater use forecast with exports raised by 75 million bushels based on current outstanding sales and shipments to date. Feed and residual use is up 75 million bushels based on indicated disappearance in the June Grain Stocks report. Total use has also been lifted 100 million bushels with increases to both feed and residual use and exports based on larger supplies and lower expected prices. With use rising slightly more than supply, ending stocks are now being projected down by 5 million bushels. The July WASDE revealed that the season-average farm price received by producers is lowered by 10 cents to stand at $4.30 per bushel. For soybeans production is projected at 4.4 billion bushels, which is a decrease of 15 million bushels based on expected lower harvested area. Harvested area, forecast at 85.3 million acres in the June Acreage report, is now down 300,000 acres from last month with the yield forecast unchanged at 52.0 bushels per acre. With slightly lower beginning stocks, reduced production and unchanged use, ending stocks for 2024-2025 are projected at 435 million bushels, which is a decrease of 20 million bushels from the June WASDE. The update showed that the season-average soybean price is forecast at $11.10 per bushel, down 10 cents from last month. The next WASDE report will be released on 12 August.

12-Jul-2024

Europe ethylene spot prices turn firmer on demand, feedstock, looming cracker turnarounds

LONDON (ICIS)–European ethylene spot prices have firmed week on week on the back of better-than-expected demand amid higher feedstock values and an increasing focus on upcoming planned cracker maintenance outages. Spot deals this week have been reported at discounts of 32-35% on the pipeline, prior deals had been at discounts of around 38-39%. Producers say they have received several requests for additional volume offtakes in July. This is being attributed to a combination of factors: Improved sentiment from domestic PVC players following the imposition of tariffs on imports ex-Egypt and the US Continued high container freight rates which are restricting some derivative imports Recent hurricane-related production and logistics disruptions ex-US Firmer month-on-month naphtha values which is likely to drive discussions for the August contract reference price settlement Planned cracker maintenance due to get underway from September particularly that due in Germany with alternative supply flexibility likely to be limited at that time due to pressure issues on the ARG pipeline. With crackers having been run at rates closely aligned with contractual demand – still very much below normal albeit better than in 2023 – there is not too much flexibility for additional volumes at short notice. “Many will have assumed that ethylene supply would always be plentiful,” a source said, “and now they find that it is not the case.” Cracker operators have avoided as far as possible marginal tonne production as spot appetite has been extremely low unless at deep discounts to the prevailing contract price. Crackers are underutilised, so in theory, there is space to ramp up. But with August around the corner and few indications at this stage how long this better-than-expected demand will be sustained, sources assume producers will be reluctant to ramp up production in July. Thumbnail photo: Flooding in Houston, Texas, in the wake of Hurricane Beryl on 8 July 2024, one of the causes of firming ethylene prices. Source: Carlos Ramirez/EPA-EFE/Shutterstock

12-Jul-2024

VIDEO: Europe R-PET pellet price range narrows on SUPD-driven demand

LONDON (ICIS)–Senior Editor for Recycling, Matt Tudball, discusses the latest developments in the European recycled polyethylene terephthalate (R-PET) market, including, Colourless flake prices rise in Italy Food-grade pellet (FGP) price range narrows on improved demand FGP proactive buyers move to secure volumes ahead of Single Use Plastics Directive (SUPD) implementation in January

12-Jul-2024

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