The exceptional situation in 2015 for polyethylene (PE) and polypropylene (PP) markets plus a series of planned maintenance closures this year are affecting decision making for buyers.
As we begin the new year, ICIS analyses the key topics and what to expect in 2017.
US-based Dow Chemical has been named the ICIS Company of the Year, based on financial metrics, by weekly global publication ICIS Chemical Business. The selection takes into account year-on-year growth in profits at the operating and net levels, as well as margins in 2015.
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?
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.
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.
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.
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.
The ICIS Top 40 Power Players, a global ranking of the leading senior executives making the greatest positive impact on their companies and the industry through investments, shifts in business models, mergers and acquisitions, and innovation, has been published by ICIS Chemical Business magazine.
In our latest ICIS interactive publication we bring you interviews with leading GCC and global chemical executives from the Annual GPCA forum in Dubai.
In this webinar, Mark Victory, Senior Editor, Manager, ICIS, covers:
Latin American petrochemicals are discussed in the latest ICIS interactive online publication, which includes video interviews with industry executives attending the recent APLA Annual Meeting in Buenos Aires, Argentina. The regional economy, shale gas, projects and biobased materials are all covered.
The latest edition of NACD’s Chemical Distributor, produced by ICIS, looks at long-awaited TSCA reform, the economy, as well as strong leadership and mentoring.
Watch video interviews from NACD’s 2016 Annual Meeting in Phoenix, Arizona in November. This ICIS interactive magazine looks at the key issues from the event, including leadership, mentoring, regulation and the recent presidential election.
Following on from the result of the recent Italian Referendum, where 59.1% of Italians voted against the proposed reforms, ICIS takes a closer look at what impact this could have on the Italian chemicals market.
In this white paper ICIS editor Linda Naylor discusses the difficult choices available to PP contract buyers in Europe next year, and how the shortages of 2015 are still having an impact on the market.
Should they bite the bullet and accept higher prices to ensure security of supply next year? Or, as some are doing, reject what they consider to be unreasonable price hikes but risk not having the volume if supply is interrupted?
ICIS has now published the GPCA members directory “Connecting the Gulf 2016-2017” on behalf of the Gulf Petrochemicals and Chemicals Association (GPCA). It profiles all 35 full members and 215 associate members, giving contact information and a brief company description. A product finder is also included.
The latest GPCA Insight publication, prepared by ICIS, offers news and analysis of chemical developments in the Middle East on the occasion of the GPCA’s Annual Forum in Dubai on 27-29 November.
The future of the European chloralkali market is becoming clear, as the majority of mercury cell producers have announced whether they will close or convert their capacity. With this bugbear of the European caustic soda market now fading into the background, the question now becomes: what will be the impact on chloralkali producers and their downstream markets?
The monthly ICIS Macroeconomic November News bulletin examines if and how the continuous rise of populism will bring greater uncertainty to the European economy. Amid Brexit, the December referendum in Italy and concern over the upcoming French elections, the ICIS Macroeconomic Newsletter looks at how the aromatics industry may respond to the seeming trend towards isolationism and how this could impact the market’s liquidity.
2016 styrene production levels have been strong in Europe and the US, but now the US styrene market is tightening on supply outages and impacting the availability of material for export to the rest of the world.
Read the latest market commentary from ICIS Senior Analyst Rhian O'Connor to get a clearer picture of the uncertainties in the styrenics market and how they are impacting PS prices.
Read the latest market outlook for European polymethyl methacrylate from ICIS editor Katherine Sale to learn about the key areas of interest for 2017 and the influences on European supply and demand dynamics.
Latin America’s economies have been suffering but reforms are bringing some hope for an upturn in the chemical sector. The political, economic and industry perspectives are analysed in ICIS’s latest special report on the region, produced in association with APLA, the Latin American Petrochemical Association, on the occasion of its Annual Meeting this year in Buenos Aires.
Since the 2014 crude oil price crash opened a huge spread between gasoline prices and fuel ethanol, ethanol blending has looked economically unattractive, more driven by government mandates.
Some are asking the question, is Europe’s ethanol industry in trouble?
The election of Donald Trump as president of the world’s largest economy has major implications for global trade.
ICIS has followed the US Presidential election and is providing up-to-date coverage including news, insight and analysis since the result was announced.
To better reflect current market activity in Asia, ICIS has enhanced its coverage of the global TiO2 market with the addition of a new FOB China spot assessment and a quarterly contract CFR Asia assessment. Together with a more steady and relevant view of the market, the new quotes will provide you with greater visibility of Chinese Tio2 export prices in order to evaluate the impact of price volatility on material of other origins, as well as to guide you in your overall commercial decisions.
Global aromatics markets have experienced mixed fortunes in 2016. US benzene markets have struggled with oversupply contrasted with a lack of liquidity in Europe. The future of the styrene market meanwhile seems to be looking up, following years of low growth and oversupply.
Ahead of the 15th World Aromatics and Derivatives Conference in Vienna this month, ICIS consultants Rob Peacock and Rhian O'Connor examine the markets and discuss key trends for the aromatics chains for the year ahead.
ICIS consultants were at the 2016 K Fair in Dusseldorf, talking to plastics producers, consumers, processors and distributors from all over the world.
Read this round up of the key topics for the European polyolefins and styrenics markets.
European titanium dioxide (TiO2) contract prices changed direction during the second and third quarters of 2016, following the substantial price erosion seen during Q4 2014 and early 2016. The improved market sentiment in Q2-Q3 2016 was helped by a widely acknowledged need for producers to restore lost profitability, amid some supply restrictions and better-than-expected demand in the first half of 2016.
Check out the updated ICIS infographic to see the most recent cost-cutting measures in 2016 and the impact on supply and demand.
Market experts from ICIS and International eChem hosted a free webinar discussing regional scenarios and their potential impact on petrochemical markets. The webinar provides critical multi-regional insights to consider as you head into your planning season.
We made the webinar recording and presentation slides available for you to watch and download.
In this on-demand webinar, Fabrizio Galiè, ICIS senior consultant and global lead for polymers insight, provides an overview on the recent trends in the polyolefin (PE and PP) market dynamics, and the expected evolution of the sector.
In spite of being affected by extreme volatility the sector has potential for growth and presents opportunities for businesses.
On 10 October the Bundesrat, the German federal council, passed a resolution calling for an EU-wide ban on combustion engine cars by 2030. The resolution is non-binding. Nevertheless, it is a strong signal of intent that they believe the future of the automobiles is electric vehicles (EVs) and hydrogen-fuel cells.
In this white paper we discuss the potential for a rapid expansion in carbon fibre growth, and the wider plastic growth opportunities this will create.
The first half of 2016 saw a double-digit increase in polyethylene (PE) imports into Europe when compared with the same period in 2015, as domestic demand grew but European production failed to keep up with this growth – shrinking instead.
In this Infographic, ICIS consultant Fabrizio Galié breaks down the figures for the main import and export destinations of the Americas, the Middle East and Africa and Asia in 2016, including whole-year estimates for PE movements.
Polyethylene (PE) and polypropylene (PP) buyers in Europe are facing further price increases for 2017, particularly those with contracts linked to upstream ethylene and propylene, and discussions are expected be tough.
ICIS has created an infographic showing the current polyethylene (PE) situation in Europe, including spreads, production and current trends.
With China being the largest importer of benzene in Asia, there is greater demand for imported benzene because of downstream expansions which would require more feedstock. At the same time, the buyers in China want the domestic market fundamentals to be reflected in the price of the cargoes they import on a CFR China basis. How will this affect international market players dealing in the Asian benzene market? ICIS recently produced a whitepaper addressing the impact of China’s influential role, coupled with an in-depth review and outlook of the Asian benzene market.
Global demand levels, market liquidity and increasing global supply were just a few of the talking points at the 50th EPCA meeting in Budapest this month. Chemical industry players from Europe and across the world gathered to discuss what lies ahead for their markets.
Our ICIS consultants give their views on what were the hot topics in the benzene, styrenics and polyolefins markets.
With benzene prices steady at the start of Q4 2016, European players at the 50th European Petrochemical Association (EPCA) meeting in Budapest, Hungary this year were anxious to discuss the various factors that will drive the market in 2017.
Read this latest market outlook from Senior ICIS Editor, Truong Mellor.
ICIS brings you news and views from the ACC CPI Polyurethane Technical Conference in Baltimore in this latest ICIS interactive, with video interviews with leading CPI and industry executives and the winners of the PU Innovation Award for 2016.
Europe petrochemicals come under the microscope in ICIS’s latest special publication, produced in association with EPCA on the occasion of its Annual Meeting in Budapest at the beginning of October. Feedstocks and energy, EU infrastructure, diversity and inclusion, and the impacts of Iran, biobased materials and COP21 are all covered, with EPCA’s president and board members interviewed.
Polyurethanes come into sharp focus in the latest special publication from ICIS, prepared in association with the American Chemistry Council on the occasion of its annual Polyurethanes Technical Conference, in Baltimore, US. Markets, innovation, recycling and sustainability as well as end use markets such as construction and automotive are all featured in a series of indepth articles.
Europe strengthened its position as a net exporter in 2015 due to new butadiene (BD) capacities, but global trading conditions were subdued. This year, healthier demand has returned, allowing the full impact of capacity increases to be seen across Mexico, the US and South Korea.
To give you the complete picture, ICIS has created a mid-year trade flow infographic, highlighting import and export volumes and destinations using data from Eurostat.
It’s time to look ahead to next year. Uncertainty over crude oil prices, market volatility and large-scale increases in global supply, all in the context of a hesitant economic recovery in Europe, are just some of the challenges likely to face European petrochemical markets. ICIS consultants give their views on what the future may hold for polyolefins, benzene, styrene and polystyrene markets in Europe next year.
Egypt is set to re-emerge as a key supplier of polystyrene (PS) to markets in Europe and Africa with the restart of domestic production. The country has had to rely on costly imports of styrene feedstock since late 2014, rendering local PS production uneconomic. However, a new styrene supply deal and the promise of new styrene capacity will allow Egypt to raise its domestic PS output in the years ahead.
Global phenol and acetone markets are suffering from overcapacity as new projects come on stream and demand growth remains tepid. As a result, phenol and acetone prices are becoming more competitive and global trade flows are changing.
This infographic provides an at-a-glance reference view of the key drivers and subsequent developments in the ethylene market throughout the course of the year.
ICIS has recently launched the latest version of the China PBR Annual Study, an in-depth report of the year’s developments and hot topics with supply/demand outlook for 2015. To give you a glimpse of the type of valuable information provided in the annual study, we have made a section available for you to view.
Download this free market outlook presentation by ICIS for a better understanding of the latest phenol developments.
Find out what's happened over the last 3 years, insight into the changes and the outlook for the rest of the year.
Read about North American Polyethylene (PE) Market Outlook for 2014 and 2015.
Drawing on expertise from ICIS Consulting and discussions with industry players, we recommend reading this article if you are making short- to mid-term commercial decisions in the US PE market.
The TiO2 market in North America saw some failed price increase attempts at the end of 2013. Supply is strong and no problems are currently expected. Buyers are predicting steady growth in 2014 as new home construction is on the increase.
Tyre sales are expected to stay flat as consumers continue to hold back on new vehicles or replacement tyres. 70% of styrene butadiene rubber (SBR) output is consumed by the tyre industry so the European market is expecting lack-lustre performance in 2014.
Phenol production is averaging at 65-70% due to poor demand. US acetone is therefore expected to be balanced to tight into 2014. Estimated volume growth year on year is estimated at 3%.
Published each month, the monthly ICIS Middle East Polymers Index provides a measure of the average change in Gulf Cooperation Council (GCC) polymer prices over time. The index dates back to January 2000.
ICIS experts further analyse recent developments surrounding the downtrend in oil prices and have produced a white paper, which covers every angle of this market development and its impact on downstream petrochemical markets.
John Richardson and Malini Hariharan's Asian Chemicals Connections looks at Asian and global commodity chemicals and polymer pricing trends, supply and demand, macroeconomics, energy and environmental issues.
Paul Hodges looks behind today's headlines and studies key influencers shaping the chemical industry over the next 12-18 months. He takes a closer look at oil prices, economic growth and the environment among other things, along with some light-hearted commentary along the way.
ICIS energy editors post their expert opinions on the major topics facing participants in the European gas, electricity, LNG and oil markets. This blog will look behind the headlines and critically analyse the impact of market developments on the industry, with some more light-hearted posts thrown in for good humour.
Listen to the latest podcast from ICIS and learn about current Methyl Ethyl Ketone (MEK) market conditions, pricing, supply and demand, and news.
Jo Pitches interviews Stefan Naidu about how an explosion that destroyed one of Shell's propylene oxide (PO) production units in Moerdijk, Netherlands on June 3 continues to affect European PO derivative markets such as monopropylene glycol (MPG) and polyols.
Rob Miles interviews ABS and SAN editor Matt Tudball on the impact of feedstocks and Asian imports on the European markets.
ICIS has recently launched the latest version of the China Styrene Annual Study, an in-depth report of the year’s developments and hot topics with supply/demand outlook for 2015. To give you a glimpse of the type of valuable information provided in the annual study, we have made a section available for you to view.
Polyurethane editors Heidi Finch and Stefan Naidu discuss market fundamentals and price trends in the European polyurethane market.
In this webinar, Mark Victory, Senior Editor, Manager, ICIS, covers:
Join ICIS as we take a closer look into Asian methanol and downstream acetic acid markets. In this special report, ICIS experts give key insights into price drivers, how supply and demand fundamentals have been affecting the marketplace, and most importantly, what the outlook is for the rest of the year.
ICIS experts closely following natural and synthetic-based surfactants in Asia have produced a video covering key insights into the current market situation and price drivers, with a near-term outlook of key surfactants commodities such as linear alkylbenzene (LAB), linear alkylbenzene sulphonate (LAS) and alcohol ethoxylates.