ICIS launches new descriptive and diagnostic analytics tools for the petrochemicals markets

18 January 2018

ICIS, the market intelligence and analytics provider, has launched a new suite of analytics tools for the petrochemicals and fertilizers sectors. This follows a significant investment in technology and analytics to meet the need for complex market intelligence required to navigate the levels of disruption seen in today’s markets.

The new analytics solutions complement the existing market intelligence that ICIS provides for global commodities markets, giving their customers a 360-degree view of the market. These tools offer industry players the data and insight to enable market participants to rapidly respond to changing markets, and to better spot and optimise opportunities in order to gain a competitive advantage.

ICIS Petrochemicals Product Director Charmaine Chew said:

"These are challenging times for the petrochemicals industry, so we’ve listened to our customers and invested in developing what they need to keep ahead of competition. Our tools are easy to use and intuitive, enabling market information to be filtered and giving a 360-degree view that connects the dots and provides critical answers at a glance – thereby simplifying workflows and saving time."

"We give our customers control so that they can focus on making the right decisions, especially in these times of market volatility and disruptions, with access to all the updated information and precise data that they need," Chew said.

The new petrochemicals analytics tools include:

Live Supply Disruptions Tracker - Real-time data on global plant outages and maintenance for the next 12 months, plus the precise impact of the capacity changes from planned and unplanned plant outages with at-a-glance visual data.

Price Drivers Analytics - Charts and analysis with impact commentary to understand the key factors driving market fundamentals, trade flows and price trends - and what this means to your business.

Supply and Demand Outlooks - A digestible overview for the entire commodity value chain with comparisons of supply and demand trends across regions, supporting international trade decisions and saving critical time spent gathering the essential data.

Rob Kolkman, Managing Director of ICIS, said: “We worked closely with our customers to fully understand the challenges that they face every day and the vast information that they need to filter through to make decisions.”

“We combined this invaluable insight with technology and knowledge from our extensive global team of market experts to develop the tools and insight needed to make complex decisions quickly, reduce risk and maximise on opportunities. We have incorporated sophisticated analytics, real-time updates and visualisation of complex data to give versatility and aid faster decision-making.”

The new ICIS analytics solutions offer a unique ‘whole-market perspective’ backed up by robust analytical tools that look below the surface, to reveal the true impact of change as it happens.

“This is the latest step in enhancing our analytics tools. We will continue to invest more and work closely with our customers to further develop our predictive and prescriptive capabilities. Our customers want to not only see what is happening within the market, they also need to look ahead to potential scenarios and advise on the best route to maximise the outcomes of their decisions. We can help with that,” Kolkman added. 

Media contacts:
Arina Popa 
Digital Marketing Executive
Email:arina.popa@icis.com

About ICIS

ICIS Logo

ICIS is the world’s largest petrochemical market information provider, with divisions spanning energy and fertilizers. Our aim is to give companies in global commodities markets a competitive advantage by delivering valuable information and analytics tools which enable our customers to identify and react to opportunities in markets which are constantly evolving. We have more than 30 years’ of experience in providing pricing intelligence and news, forecast data, market analytics and independent consulting to buyers, sellers and analysts.

With a global staff of more than 600, ICIS has employees based in London, Houston, New York, Singapore, Dubai, Shanghai, Guangzhou, Beijing, Mumbai, Tokyo, Karlsruhe, and Milan. ICIS’ team of journalists is engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group.

About Reed Business Information

Reed Business InformationReed Business Information provides information, analytics and data to business professionals worldwide. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation, where we help customers make key strategic decisions every day. RBI is part of RELX Group, a global provider of information and analytics for professional customers across industries. http://www.reedbusiness.com

About RELX Group

RELX GroupRELX Group is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. £32.8bn|€37.0bn|$44.5bn. www.relx.com

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