The Middle East is poised to see a significant change in market conditions in 2018. With crude emerging at a three year high, market players in the region look forward to a recovery in demand conditions, boosted by an optimistic economic outlook.
Although a few markets are likely to see an additional boost through tight supply, upstream volatility and excess supply dominate in some other markets, and are likely to undermine sellers’ efforts in improving margins.
Middle East Group I base oils are expected to remain firm in the early months of 2018, amid supply shortages and higher crude oil values.
Polyethylene (PE) markets in the Middle East wait for improved clarity on the geo-political and economic situation, as this would have a direct impact on the polymer’s demand and prices.View the full outlook for the Middle East chemical markets in 2018 here
Read the latest chemical profile by ICIS markets editor, Izham Ahmad, which provides an overview of uses, technology, supply/demand and prices for Middle East polyols to help you make more informed business decisions in 2018.
Production issues have continued to plague the toluene di-isocyanate (TDI) global supply chain at a time when many markets are facing tightness domestically.
This market insight takes a look at how TDI prices in the Middle East region have been pushing toward the record highs of late 2017.
The latest issue of the GPCA Insight quarterly newsletter, produced by ICIS for GPCA, looks in depth at the circular economy, digitalisation and innovation strategy, as well as reporting on GPCA news and activities.
Two world-scale plants will soon be on stream in the Gulf Cooperation Council region. In this market insight, ICIS takes a look at how the added capacity in this region is expected to put downward pressure on markets, even though linear alkyl benzene prices are firming due to increasing oil and benzene prices.
Read the latest chemical profile by ICIS markets editor, Ruth Loh Xiu, which provides an overview of uses, technology, supply/demand and prices for Middle East PET to help you make more informed business decisions in 2018.
This ICIS infographic examines key trends expected to emerge in the global polyolefin markets from 2018 onwards, its impact on polyolefin prices, and implications to Middle Eastern suppliers.
The Middle East underwent significant geopolitical and political changes in 2017, impacting sentiment and trade within the region.
This ICIS infographic examines key fundamentals you will need to focus on for 2018 if you are based in the Middle East or have a stake in the region.
The fourth 2017 quarterly newsletter from GPCA, produced by ICIS for GPCA, looks at the challenges facing the Middle East chemical industry, with interviews and features on a wide range of topics.
This outlook by senior editor manager Veena Pathare and markets editor Izham Ahmad provides an overview of the major factors that will have an impact on base oils tradeflows and eventually prices in 2018.
The base oils market in the Middle East is increasingly of interest to market players globally. Upcoming capacity within the region has not only an impact on tradeflows across markets, but is also slated to impact prices in key regions.
Read the latest chemical profile by senior editor manager, Veena Pathare, which provides an overview of uses, technology, supply/demand and prices for Middle East base oils to help you make more informed business decisions.
The base oils market in UAE has remained firm since early this year, buoyed by tight supply fundamentals across Group I and Group II categories. However, the second half of the year is slated to see a reversal in this price trend, with prices expected to come under pressure from improved supply and other factors.
Read the latest insight from ICIS senior editor manager, Veena Pathare, who outlines the outlook for Middle Eastern base oils.
Saudi Arabia’s Sadara Chemical Co announced its long-awaited entry into the polyether polyols supply chain recently in a relatively low-key affair. In this paper, ICIS studies the impact of the debutant in the Middle East polyols industry on prices since the official announcement, highlighting the limited impact seen so far in what is widely considered to be a well-supplied segment.
Currency fluctuations, slow downstream demand, new supply from China, ‘Brexit’ and a Trump Presidency are some of the major factors likely to affect key Middle Eastern commodity markets in 2017.
Download our exclusive Middle East Market Outlook magazine for a more detailed and extended review of key commodity markets.
The petrochemical industry is going through a period of extreme price volatility which impacts on margins and competitiveness. Albeit growing, polyolefin demand remains exposed to various unpredictable factors, while recent investments will bring new capacity online this year.
ICIS senior consultant Fabrizio Galiè explores emerging threats to the global polyolefin industry including the economic slowdown in China, new plant start-ups and implications on international markets.
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