As China’s outlook darkens, the competitive landscape is fast evolving for global plastics. Industry players must review their strategy and seek new sources of growth.
This outlook piece will answer these questions and more, offering insights into market developments and the global outlook for 2015.
Get a retrospective outlook for key energy markets including Oil; Carbon, Coal, and Power.
The ICIS Top 100 Chemical Companies list provides you with a further dissection and analysis of the Top 100 Chemical Companies.
It includes the Top 10 chemical companies in each region with detailed analysis and comprehensive commentary. This feature is published annually in ICIS Chemical Business.
The ICIS Power Index (IPI) gives homes and businesses an insight into price trends on the UK wholesale electricity market.
The IPI is published daily by ICIS, an independent authority on UK electricity market pricing, and is available at no charge.
The European Power Trading Report (EPTR) covers quarterly updates on key market insights for 14 different European countries.
Gain access to the widest range of established markets, but also developing European Power markets ,such as Romania, Bulgaria, Greece and Turkey.
In this white paper we put forward our proposal for an optimised MSR that would enables the EU ETS to promote reductions in greenhouse gas emissions in the most cost-effective and economically efficient manner.
We believe our proposed approach is able to handle a broad array of emission regimes (including high emissions scenarios) whilst preserving the integrity of the EU ETS carbon price signal.
The Chinese government has been offering firm support to aid the development of the LNG sector, bringing about an increase in investment opportunities throughout the country.
Download this free whitepaper to gain a better understanding of China’s LNG supply and demand, import capacity and construction of new terminals.
Mosaic’s long-term outlook for the fertilizer industry remains positive, despite declining fundamentals for crop nutrients, CEO James Prokopanko said.
The ICIS Top 100 Chemical Companies 2015 listing highlights the top players in the global chemical industry.
Most chemical companies found it difficult to generate top line and profit growth in 2015 following a strong performance in 2014.
Easy access to a host of downloadable ICIS Chemical resources; including:
Easy access to a host of downloadable ICIS Energy resources; including:
Easy access to a host of downloadable ICIS Fertilizer resources; including:
ICIS takes a closer look at how key sectors within the US energy industry were shaped by the Obama administration and what the potential market impact could be under the helm of President Donald Trump.
As competing market forces send mixed signals about the global olefins situation and outlook, uncertainty and volatility present challenges to industry players. How will the Olefins market fare?
Having a view of the future supply-demand scenario is crucial in shaping your forecast planning and business strategies. Download the ICIS Polyolefins Trade Flow infographic now to:
With China having the largest polyester capacity globally, the country has emerged as the primary consumer of raw materials such as paraxylene (PX), purified terephthalic acid (PTA) and monoethylene glycol (MEG). The country’s increasing focus on being self-sufﬁcient for raw materials has led to expansion plans for MEG and PX capacities within China over the next five to six years. This now poses new challenges for the Northeast Asian markets, who are key producers of fibre intermediates.
Download the free infographics to track the trade flows for the fibre intermediates market between China and Northeast Asia, particularly for Japan, Korea and Taiwan.
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.
2017 has been marked by dramatic movements in global styrene prices, driven largely by supply-side developments as well as underlying feedstock movement. Through it all, however, margins have remained at high levels and ICIS believes they are likely to continue strong.
Download the latest insight from ICIS senior editor Rhian O'Connor to better understand the recent developments and the outlook for styrene markets.
Belgium is a key transit hub for northwest European natural gas flow, acting as a bridge between British and mainland European gas markets.
ICIS looks at the price spreads and fundamental factors which will drive these transit flows at the start of the gas summer, a time when storage injection demand typically ramps up across Europe.
Download and view the latest titanium dioxide (TiO2) animated map, by ICIS senior editor Heidi Finch, which shows global restructuring and cost-cutting measures from 2015-2018.
Imports into the structurally short US benzene market fell about 18% year-on-year in 2016 compared with 2015, as downstream issues in derivatives such as styrene weighed on demand. Meanwhile, benzene prices rose late in 2016 on a rally in upstream crude oil as well as several issues at refineries on the Gulf Coast.
On the demand side, China's appetite for benzene ahead of its Lunar New Year holiday spurred price increases and US exports to China in December. The US benzene market is structurally short and relies on imports to meet about 20% of consumption. South Korea, Venezuela, Saudi Arabia and Brazil continue to be key suppliers to the US market. Explore these trends in our benzene infographic.
The shale boom continues to fuel the boom in ethylene production in the US and has spurred growth in ethylene exports while virtually pushing out all ethylene imports. Exports to key destinations such as China and India grew in 2016 from 2015 amid a more than 13% increase in overall US ethylene exports in 2016 from the year before. Explore these trends in our ethylene infographic.
The growing capacity of soda ash from China over the past few decades is a major challenge which has threatened the profitability of US soda ash miners, most of whom are located in the state of Wyoming.
Another challenge for the US soda ash market is new production from Turkey, which is expected to come online in August of 2017.
Learn how the US is facing these obstacles in the whitepaper below.
For years, persistently slow growth has been the driving force behind chemical mergers and acquisitions. With growth at such a sluggish pace, chemical companies have relied on deal-making to achieve growth through synergies. The administration of Donald Trump could change that, given his proposals to lower taxes, reform regulations and spend more on infrastructure. In this whitepaper, Al Greenwood looks at how some of Trump's policies could affect the outlook for growth.
Talks for Q2 refined glycerine contracts are happening and the market seems to be seeing a unique mix of factors that could push prices higher. Uncertainty in the biodiesel sector in the first quarter of every year has been a constant for many years now, but this year the uncertainty level is even more pronounced.
Meanwhile, imported product from southeast Asia has pulled back as sharply higher palm oil (CPO) and palm kernel oil (PKO) prices eroded margins for fatty acids production since December. Large producers in southeast Asia have increased kosher vegetable glycerine prices at US ports, but still see current prices as too low to cover refining and logistics costs.
The urea market has seen a downward correction in February with domestic demand slowing in key markets including China and the US. Real buying interest is yet to return and there is a lot of talk of whether prices are close to a bottom or if there is more pain ahead.
In this piece, ICIS editor Deepika Thapliyal looks at the key factors affecting the urea market.
The prices of British natural gas summer- and winter-delivery contracts have moved in line with each other in March, despite Centrica Storage’s decision not to offer any capacity at Britain’s only seasonal storage site Rough for 12 months starting from April.
In this market highlight, ICIS looks at what has driven the key NBP summer-winter spread recently, and at which months are shaping up to be the most risk-laden at the NBP next winter.
ICIS editors Veena Pathare, Jasmine Khoo and Muhamad Fadhil look at recent developments in sanctions against Iran and its implications for the petrochemicals markets and analyse the Iranian base oils industry
In the first two months of 2017, the European monoethylene glycol (MEG) market saw two consecutive triple-digit increases in the monthly contract price, and spot prices reached their highest level since June 2015.
Traditionally a quiet period for Europe MEG, early 2017 saw tight conditions and soaring price trends, despite typical lacklustre demand.
A drop in Asian demand has led to a sharp up-tick in LNG cargoes due into Britain in March, and traders expect the trend to continue into the start of the gas summer.
ICIS looks at the drivers behind dwindling Asian demand, the evolution of Britain-Asia price spreads, and how this has created arbitrage opportunities to divert cargoes to Europe.
European natural gas pipeline supply fell to a five-month low of 26.2 billion cubic metres in February 2017, according to grid operator data collated by ICIS.
Despite month-on-month reductions, aggregate European pipeline imports rose by 9% or 2.1bcm compared to February 2016. This was driven by increased Russian and Algerian gas supply, which offset a drop in imports from Norway and Libya.
European polyethylene terephthalate (PET) prices have been rising in late 2016 and early 2017. Upstream price increases and a lack of competitive imports have caused PET prices to rise and this has led to some buyers reviewing their options.
Do higher PET prices make recycled polyethylene terephthalate (R-PET) an attractive alternative for buyers? Is switching from PET to R-PET a viable alternative? What impact are rising PET prices having on the R-PET market?
The ICIS European Ethylene Review of 2016 provides an at-a-glance reference view of the key features of the ethylene market including cracker output, supply and margins, pricing and international trade. The infographic also includes a European map of scheduled cracker turnarounds for 2017.
European power traders have no confidence that French nuclear availability will be close to RTE’s current outlook in the second half of 2017, given the potential for more probes into the French nuclear fleet to take capacity offline.
In this market highlight, ICIS takes a look at the key drivers behind European power and gas and how these drivers have led to prices spiking to record levels in 2016.
The European Group I base oils market has got off to an unexpectedly bullish start in 2017 amid tight supply of SN150 and SN500 brought about by production issues at a number of refineries. Despite this, brightstock supply is surprisingly healthy – but how long will this continue? Furthermore, what impact will rising Group I prices have on the Group III market?
Download and read the market insight from ICIS editors Vicky Ellis and Sarah Trinder.
Greater seasonal gas flow swings via the bidirectional Interconnector pipe, which connects the British and Belgian gas markets, appear more likely in 2017/18, based on adjustments to Belgium-Britain price differentials in mid-February.
ICIS looks at the why flow patterns this year could be especially volatile, and examines the relationship between the key Zeebrugge/NBP price differential – known as the basis - and Interconnector flow.
Multiple market sources said they expect the amount of gas coming from north Europe via Switzerland into Italy to be lower for the rest of 2017 compared to 2016, if gas coming from Algeria remains high.
ICIS looks at the impact of the high Algerian imports on the Italian market and its impact on the Italian PSV-Dutch TTF price spread.
How will the major developments that pose uncertainty to the global petrochemicals market influence price and market movements in 2017?
ICIS answers these questions and more through the Americas chemicals outlook magazine and a series of short videos which provide a detailed market review of 2016 and analysis of the likely market outlook for 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
Changes to the way gas transmission tariffs are set as a result of Britain’s exit from the EU, as well as continued currency volatility, could impact the price differential between the British NBP and the Dutch TTF market, although market sources are mixed about the extent of this.
ICIS looks at the motivations behind imposing these tariffs, and the impact they may have on gas prices both sides of the English channel.
In the latest market highlight from ICIS, we take a look at how recent options trading at the British NBP may suggest a weakening in market sentiment ahead of the summer-delivery period.
Like other commodities, fertilizers face an uncertain 2017 due to political and economic uncertainty on both sides of the Atlantic, with consolidation expected by players looking to follow in the footsteps of Canadian giants PotashCorp and Agrium – who should receive regulatory approval for their mega-merger in the summer.
No one knows what the next 12 months may hold for global petrochemical markets. Will OPEC stick to their production cuts? How will the Trump presidency impact global trade relations? Polyolefins players need to be ready for uncertainty and build strategies to cope with a variety of scenarios. John Richardson looks at what the year ahead may bring for the Asian polyolefins markets in a world turned upside down.
'Brexit', a Trump presidency, EU policy changes – these are just some of the major developments that pose uncertainty to the global petrochemicals market.
ICIS analyses the key price and market movements in 2016 and what to expect in 2017 in a series of short videos and through the European outlook magazine.
In this market highlight, ICIS looks at how the balancing regime has performed since its implementation, in terms of liquidity and how often Enagas GTS - which is responsible for balancing the grid - has had to intervene in the market.
Following the success of the annual Global Chemicals Outlook series, ICIS has launched the 2017 version of the global magazines which is now available to download. Get the latest rundown of the key market developments and conditions in 2016, together with a short-term outlook of what to look out for in 2017.
Over-the-counter traded volume at Belgium’s virtual hub, the ZTP, soared to 4.7TWh in December, up twelve-fold year-on-year, driven by a surge in transit flow through Belgium.
In our latest market highlight, ICIS looks at which ZTP contracts saw the most activity in December, and how liquidity compares with Belgium’s primary Zeebrugge hub, as well as with other illiquid European hubs.
Pipeline natural gas supply to Europe rose by a little more than 10% on year in 2016 to a record 298 billion cubic metres, according to grid operator data collated by ICIS.
ICIS looks at the drivers behind these high imports, in context of decade-low oil prices at the start of 2016, and an outage at Britain’s largest storage site, Rough.
As we begin the New Year, we look back at the key developments and how they shaped the Asian chemical markets in 2016 – and look forward to what to expect in the coming year. ICIS is hosting a series of free webinars to ensure you are equipped with the knowledge needed to navigate the markets in such volatile times.
Liquidity at the Dutch TTF and British NBP hubs decreased in December, as gas trading was disrupted by the festive break.
Over the calendar year 2016, the Dutch TTF hub surpassed the British NBP as the most liquid natural gas hub in Europe, while there was a marked shift towards greater trade on exchange platforms.
This whitepaper reviews the polypropylene plants that companies are considering in North America and explains the reasons why these plants could be built, going over margins for the polymer and comparing them with other parts of the world.
The continent could get at least six such plants. The whitepaper names the companies behind the projects and provides their level of progress. It also explains whether North America will have enough propylene to supply these and other derivative plants that are being proposed.
Senior Consultant James Ray discusses the preliminary steps necessary to achieve World Class
purchasing skills. Learn how to make the most beneficial deals for your company and avoid making costly mistakes that you end up paying for year after year.
Africa will be the focus of 2017 and beyond with new phosphates capacity coming on stream and new players entering the market. As the phosphates market starts 2017 under pressure, with prices edging downwards globally and subdued demand, Africa emerges as an active demand outlet.
ICIS takes a look at the major companies that are going to play a big role in the next five years on the continent, and the main developments that are likely to shape the market by 2022.
Germany’s natural gas imports that are mostly bound in long-term delivery contracts rose to at least a two-year high during October.
ICIS looks at the price interrelationship between German OTC hub-indexed gas and gas imported via long-term supply contracts, which are mostly oil-indexed, in the context of the recent recover oil price recovery, which has seen the Brent crude price approach $50.00/bbl.
In our latest market highlight, ICIS looks at why Dutch natural gas production has been declining, and what the ramifications could be for European gas markets. These impacts include the rise of high-calorific gas conversion and greater usage of the Norg L-gas storage facility, as well as changes in Dutch cross-border flow patterns.
In this article addressing the US phosphate market, ICIS fertilizer market editor Mark Milam takes a look at how a sinkhole, which developed at a manufacturing operation earlier this year in Florida, has challenged producer Mosaic and brought the environmental hurdles and public scrutiny faced by the industry, back into the spotlight.
A sulphur facility set to kick off construction by the end of the year could shift Western Canada market logistics beginning in late 2017.
The Heartland Project, a planned forming facility between Inter-Chem and a Petrosul subsidiary, would add options into the mix for suppliers to get solid sulphur out of Vancouver for international export, as well as liquid loading for movement into the US by rail.
Mexico’s energy market liberalisation has taken a step forward, with the first transparency on forward energy pricing published by ICIS.
Market participant EKTRIA, a subsidiary of Fisterra Energy, chose the ICIS Mexico Energy Report to publish the first power swap contract offers for Mexico’s power market.
The offers provide Mexican and foreign energy companies with the first transparency on energy price valuations for forward delivery – a key factor in building liquidity and creating strong investment signals as the energy markets liberalise.