London, 20 May 2013 -Petrochemical industry analysts, ICIS Consulting, have today added a new Polypropylene (PP) US price forecast report to their suite of specialist information tools. Based on extensive analysis of the volatile US polypropylene markets, the forecast report helps to reduce uncertainty regarding future price movements.
The discovery of shale gas in the US, fluctuating raw material prices, and the on-going global economic crisis, have all had a significant impact on PP trade in North America. Not only have market players faced increasing difficulty when negotiating contracts – price volatility has impacted the entire supply chain, from raw material providers to end-user companies that purchase goods manufactured from PP.
The ICIS PP US price forecast report helps to set contract prices, trade, budget or plan in advance with enhanced confidence. The concise monthly report gives an informed view on where prices for PP and its raw materials are heading over the next 12 months, as well as data on margins, capacity, supply and demand. The data tables and graphs can be reviewed at a glance and facilitate confident and effective decisions.
An assessment of how the market is feeling about prices is included. The ICIS ‘sentiment index’ uses views collated from a cross-section of industry players and shows whether the market expects prices to be higher or lower next month and in three months.
“This forecast report gives direction to those surviving the economic storm in today’s polypropylene industry. By taking advantage of the knowledge and specialist skills a professional analyst brings, industry players can make more confident decisions about what the future holds. The concise format also means it’s easy to identify key market information and react quickly.” says ICIS senior consultant and report author, James Ray.
ICIS has already launched an equivalent report for Europe.