Middle East Chemical Markets in 2018

 

What is the outlook for the Middle East chemical markets in 2018?

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.

base-oils-prices-2018

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.

polyethylene-prices-2018 View the full outlook for the Middle East chemical markets in 2018 here

Free Resources

Insight: Oil price driving Middle Eastern reform

Insight: Oil price driving Middle Eastern reform

The volatility in oil pricing has been felt all over the world, but nowhere more so than in the Middle East. With the US’ rising primacy as an oil power weakening OPEC’s position as the swing producer of the global crude markets and Middle Eastern governments forced to dip into cash reserves to offset the hole in balance sheets, the bumpy road of the last four years has provided the momentum to enact long-anticipated reforms.

Find out more in this market insight by Tom Brown, Deputy News Editor, ICIS.

ICIS Chemical Profile: Middle East Polyethylene

ICIS Chemical Profile: Middle East Polyethylene

Read our latest chemical profile, by Senior Editor Manager Veena Pathare, which provides a snapshot of polyethylene production and demand patterns within the Middle East region.

Infographic: Middle East polyethylene in spotlight as US-China trade battle intensifies

Infographic: Middle East polyethylene in spotlight as US-China trade battle intensifies

This ICIS infographic examines key trends and changes that have emerged in the global polyolefin markets and their implications for Middle Eastern suppliers.

ICIS Chemical Profile: Middle East Polyols

ICIS Chemical Profile: Middle East Polyols

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.





Market insight: Global toluene di-isocyanate (TDI) supply tightness boosts price hike

Market insight: Global toluene di-isocyanate (TDI) supply tightness boosts price hike

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.





Special Publication: GPCA - Circular economy and innovation

Special Publication: GPCA - Circular economy and innovation

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.





Middle East market insight: The race to dominate the emerging LAB markets

Middle East market insight: The race to dominate the emerging LAB markets

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.





Chemical profile: Middle East polyethylene terephthalate (PET)

Chemical profile: Middle East polyethylene terephthalate (PET)

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.





Infographic: Polyolefins - Global competition intensifies

Infographic: Polyolefins - Global competition intensifies

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.






Infographic: Middle East petrochemicals - what to look out for in 2018

Infographic: Middle East petrochemicals - what to look out for in 2018

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.



Special supplement: GPCA Insight - Chemical industry in transformation

Special supplement: GPCA Insight - Chemical industry in transformation

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.







What is the outlook for base oils in the Middle East & Asia

What is the outlook for base oils in the Middle East & Asia

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.






Chemical Profile: Middle East Base Oils

Chemical Profile: Middle East Base Oils

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.



Market insight: Middle East base oils outlook bearish on greater supply

Market insight: Middle East base oils outlook bearish on greater supply

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.



Market insight by Izham Ahmad: Sadara Chemical enters a crowded global polyols market

Market insight by Izham Ahmad: Sadara Chemical enters a crowded global polyols market

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.



Middle East Chemicals Outlook 2017

Middle East chemicals outlook 2017

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.



Polyolefins insight: emerging threats to the global polyolefin industry

Polyolefins insight: emerging threats to the global polyolefin industry

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.

Latest Middle East Petchems News

 
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ICIS Middle East Petrochemical Markets WhatsApp Group

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ICIS tools to help you navigate the Middle East petrochemical markets in 2018

Petrochemical analytics solutions

ICIS offers a unique combination of analytics tools designed to help you navigate and optimise opportunities in an ever-changing market, making complex analytics simple for you to:

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Pricing information

ICIS' coverage is unrivalled, publishing pricing data and market information for 180 commodities, across all key regions. Make fast and confident decisions with easy access to:

  • Contract and spot price assessments, including personalised alerts to notify you of changes
  • In-depth analysis and price history to help you track and understand price drivers and trends
  • Multiple delivery options to suit your needs
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News service

Our extensive global network of local experts report breaking news stories, covering chemical markets and events influencing commodity prices and affecting your dailly business decisions. Stay fully informed and support your planning with:

  • Real-time round-the-clock news
  • Market analysis and the likely impact on your markets
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Middle East Events

The 15th ICIS Middle Eastern Base Oils & Lubricants Conference

15 - 17 October 2018 // Intercontinental Dubai Festival City, Dubai

Find out more and register >>

GPCA 2018

26-28 November 2018

Further details to follow

Spain's Cepsa IPO on hold amid market turmoil

LONDON (ICIS)--Cepsa’s planned initial public offering (IPO) has been delayed less than a month after the announcement of the listing as a result of... Mon, 15 Oct 2018

Europe top stories: weekly summary

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 12 October. EPCA ’18: Economic uncertainty, upward pressure on... Mon, 15 Oct 2018

EPCA ’18: US-China trade war has little impact on aromatics so far - KPCC CEO

VIENNA (ICIS)--The ongoing US-China trade war has had little impact on the aromatics industry so far, but in the end it will increase the cost of... Mon, 08 Oct 2018

EPCA ’18: Economic uncertainty, upward pressure on oil colour Europe petchems outlook

LONDON (ICIS)--Nervousness about Europe’s manufacturing economy and the rising crude oil price colour the petrochemicals outlook at the start of the... Mon, 08 Oct 2018

SABIC completes $2bn bond issuance after Clariant's stake acquisition

SINGAPORE (ICIS)--SABIC has completed the issuance of $2bn worth of international bonds, the Saudi petrochemicals major said on Wednesday, after it... Wed, 03 Oct 2018

Asia benzene up on firm crude; ample supply to cap further gains

SINGAPORE (ICIS)--Asia’s spot benzene prices were firmer despite the week-long holidays in the key Chinese market, riding on strong crude ahead of... Wed, 03 Oct 2018

US October MA faces upward pressure from feedstocks

HOUSTON (ICIS)--US maleic anhydride (MA) is facing upward momentum from high feedstock butane. Participants are discussing MA contracts against a... Wed, 03 Oct 2018

Europe top stories: weekly summary

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 28 September. Indorama forms sustainable PET resin, polyester... Mon, 01 Oct 2018