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

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

 

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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  • Maintain a competitve advantage
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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
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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:

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Middle East Events

Upcoming events will be added here shortly

Denmark's shipping major Maersk to comply with US sanctions on Iran

LONDON (ICIS)--Maersk is set to wind down its activities in Iran in response to the US breaking away from the nuclear deal with the country, with a... Mon, 21 May 2018

Europe top stories: weekly summary

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 18 May. 89% of non-OPEC 2018 supply growth from US – OPEC... Mon, 21 May 2018

Chemical CEOs optimistic on US-China trade outcome

Many US chemical company CEOs are optimistic on a favourable outcome from US-China trade talks, as they watch developments closely and gauge the... Thu, 17 May 2018

Market intelligence: China-Iran petrochemicals trade insulated from US sanctions

China’s petrochemical imports from Iran are not expected to take a major hit upon the US’ re-imposition of sanctions against the Middle Eastern... Thu, 17 May 2018

ADNOC exemplifies big oil's rise on petrochemicals stage

The official rollout of the Abu Dhabi National Oil Company’s (ADNOC) massive $45bn investment plan in petrochemicals and refining is another sign of... Thu, 17 May 2018

China PE import supply from Iran may tighten on plant turnarounds

SINGAPORE (ICIS)--China's supply of imported polyethylene (PE) from Iran may tighten over the next three months due to scheduled maintenance at major... Fri, 18 May 2018

German investors bearish on US Iran withdrawal, spiking crude, trade war fears

LONDON (ICIS)--Investor confidence in Germany remained at its lowest ebb in several years for the second consecutive month following the US’ decision... Tue, 15 May 2018

Europe glycol ethers peak demand season has a slow start in Q2

LONDON (ICIS)--The second quarter is traditionally peak demand season for both European E-series and P-series glycol ethers, but demand this year has... Tue, 15 May 2018