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:
Belgium’s secondary natural gas hub – the ZTP – saw its largest over-the-counter traded volume on record in April, with liquidity boosted by the introduction of four new market makers at the start of the month.
ICIS looks at which contracts at the ZTP have seen particularly sharp jumps in traded volume, and how liquidity at the hub has changed since its inception in 2012 as an alternative to the sterling-denominated Zeebrugge Beach.
ICIS senior editor Linda Naylor, talks to ICIS markets editor Pavle Popovic about the 6th annual ICIS World Polyolefins Conference, the implications of new global capacity for polyethylene (PE) and polypropylene (PP) and other future issues facing the market.
The global butadiene (BD) market can be the most volatile among major petrochemicals. View the key dynamics of the European BD market including uses, supply/demand, pricing, technology and outlook from ICIS Chemical Business’ (ICB) latest chemical profile. Plus, see how the BD chain works on a global basis with analysis and forecasts on supply/demand factors across the entire value chain.
Pipeline gas supply to Europe rose by 5% year on year in April 2017 to 26.1 billion cubic metres, according to grid operator data collated by ICIS. This marked the seventh consecutive month of annual growth in piped imports, although the total was down by 4% compared to the month before.
ICIS looks at the key drivers behind the rising pipeline imports, and the changing trends observed in the key producers of Russia, Norway and North Africa. ICIS also examines how LNG supply to Europe has changed during a month which has seen a flurry of vessels berth at northwest European terminals.
The ICIS Petrochemical Index and cracker margin data have charted the spectacular uptick for some intermediates this year. Rising prices, largely driven by specific regional supply and demand issues, have not been matched by raw material cost increases, and price deltas have improved.
ICIS Insights editor Nigel Davis analyses European margins against competitors in other regions, and who the big winners are from the current price trends.
Recent TTF options activity suggests that at least one counterparty is bracing for significant volatility on the Summer ’18 delivery contract, following the Dutch government’s decision to reduce the Groningen production cap by 10% for gas year 2017 (1 October 2017-30 September 2018).
ICIS looks at the fundamental drivers which could generate greater market volatility, and dissects which options trading strategy market participants may be employing.
Chronic overcapacity, slowing demand and surging feedstock prices are just some of the pressing issues plaguing the consumption demand for oleochemicals in Malaysia.
Download this free whitepaper as we delve into the implications of the major market developments on the Malaysian oleochemicals sector and discuss what to expect in the near term.
Polyolefins demand in Europe is continuing to grow in 2017, underpinned by economic improvements. Supply is expected to remain tight in the first half of the year but market conditions could change significantly from mid-2017.
ICIS senior consultant Fabrizio Galiè discusses the factors that are expected to affect European supply dynamics. Download the article, which includes insights on Asia from John Richardson and on North America from James Ray and Stephanie Kirby, to better understand the global polyolefins market outlook.
In this whitepaper, ICIS investigates the ongoing LNG contract dispute between Mexico’s state power utility CFE and term supplier Shell. While price remains a factor, Mexico’s changing natural gas supply fundamentals are complicating the issue.
The North America sulphur markets have grown tight in the last month of Q1 on a combination of oil sands divestments, plant outages and turnarounds. Export prices firmed at the beginning of the year in Vancouver and California, but softened in March as outside demand quieted.
Pipeline imports to Europe recorded a sixth consecutive month of annual growth in March, according to grid operator data compiled by ICIS.
ICIS looks at where Europe sourced its additional gas supply from, and which factors drove the rising imports, at a key time for the gas market as participants look ahead to the gas summer.
The supply of isocyanates, key ingredients in the polyurethanes (PU) industry, to the Middle East is currently dominated by producers in northeast Asia. However, the entry of Saudi Arabia’s Sadara has the potential to change those dynamics. That could have an impact on prices, from as early as this year, as material from the Dow-Aramco joint venture starts to trickle into a crowded market.
ICIS invites you to attend our free market seminar, offering a deeper look into current prices, recent developments and the market outlook for Asian and Chinese PP/PE markets. This will be held on 18 May during Chinaplas 2017 in Guangzhou.
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.