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.
We present the ICIS Top Mergers & Acquisitions, comprising a listing of the top global deals competed in 2016, along with extensive coverage of the M&A market outlook. The three listings are by closing date (starting from most recent in 2016), by price and by sales of the target business. Investment bankers expect a robust M&A market going forward as demand for assets remains high. 2017 is poised to break records in deal-making.
The European styrene market faced some dramatic price movements during the first quarter of this year, with a strong upward trend that started in November 2016. This was followed by sharp drops in April and May. After the sudden and severe price fluctuations during most of the first half of the year, styrene players are more optimistic and confident that the market might have entered a period of stability.
Read this market insight from markets editor Vasiliki Parapouli to understand what's happening in the European styrenics market.
This base oil White Paper addresses the first half of 2017. It discusses the background that set the market on edge with tight supply, mainly in the Americas and in Europe. Base oil global production is ample, making tight supply a surprise in 2017. ICIS senior editor Judith Taylor sets out the events that led to the tight supply situation – still lingering in the second half of 2017 – and the price changes that took place.
It has been a challenging start to the year for a number of key petrochemical products. Some markets have moved from volatility to stability over the last six months, and players are questioning what the rest of 2017 may bring. ICIS has published a series of outlooks, examining supply and demand expectations for the third quarter.
View the latest video interviews and read the market outlooks in which the olefins, aromatics, polyolefins and titanium dioxide (TiO2) editors provide an insight into what to expect in the coming months.
The European titanium dioxide (TiO2) market has seen extreme swings in price and supply over some years now.
Due to the price pressure and recent European Chemical Agency (ECHA) recommendation to classify TiO2 as a category 2 carcinogen, when inhaled, there is an underlying drive for buyers to reduce their TiO2 content and explore substitution possibilities. However, while this may be an option, technical limitations apply and there is an underlying need for a period of stability where economic sustainability is supported through the chain for the sake of the whole industry.
The wave of new ethylene production arriving in the US market rippling through the downstream markets has facilitated a deal between Resin Technology and Emeraude. The article examines what the worst- and best-case scenarios could be during the negotiations.
Download the Focus article written by ICIS senior editor manager Bill Bowen to find out more about the emerging deal.
Download this featured content for an in-depth analysis of prices, supply, demand and production in the Asian chemicals market.
While Brazil’s oil production recovery has been remarkable, overall production of refined products has fallen even as oil output has reached new records.
Deputy news editor Al Greenwood examines what has caused these two opposite trends in this new ICIS White Paper focused on the key South American country.
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.
UK polyethylene price volatility might have been expected post the Brexit referendum. The value of sterling plunged once the outcome was known. And the pound has been volatile since.
This insight piece put together by leading ICIS editors Nigel Davis and Linda Naylor, who presented at a British Plastics Federation (BPF) Brexit conference, discusses the recent differential between the UK and EU polymer prices, and highlights the areas of uncertainty facing the plastics industry before the divorce settlement with the EU is agreed.
In this insight Nigel Davis, ICIS Insight editor, reviews Europe’s economic performance in spite of uncertainties surrounding how Britain will exit the European Union which weighs heavily on the markets.
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.
As new entrants enter the Asian MLLDPE market, additional MLLDPE capacities are expected to come on board. As such, supply there is expected to be saturated, especially within China, southeast Asia and India.
Download this free White Paper, which provides a detailed market overview and what lies ahead for the Asian MLLDPE market.
ICIS recently hosted a webinar highlighting the implications of falling consumption demand and decrease in manufacturing activities on the Asian oleochemicals market and what to expect in the near-term.
Polyethylene and polypropylene prices have been falling in recent weeks, with some PE grades facing tough competition from imports and oversupply in the domestic market.
Read the latest updates on PP and PE from ICIS senior editor manager Katherine Sale.
With the recent general election in the UK stoking uncertainty about negotiations between the UK and the EU, Steve Elliott, CEO of the UK’s Chemical Industries Association (CIA), discusses the need for a “pragmatic Brexit” with ICIS’s Jonathan Lopez and considers the options for Brexit and what it means for the UK’s petrochemical industry.
Asian phenol has experienced significant price volatility in recent months led by developments in crude oil and benzene markets as well as shifts in demand, plant outages and swings in inventory. Prices in India hit a high in mid-February only to fall rapidly.
This presentation provides key insights on drivers that affect the phenol market:
Chemical distribution in Europe comes under the spotlight in the latest special publication from ICIS, produced in association with FECC for its annual congress in Warsaw in June.
Download this whitepaper to have deeper insights into how the latest developments in China will influence the rubber sector in Taiwan. Get a complete picture of the following:
During APIC 2017, ICIS delivered several presentations on hot topics in key petrochemical markets. We have made the following presentations slides available for you to download:
Chemical producers in Germany share a renewed sense of optimism after a strong first quarter. With a surge in sales, improved profits and robust demand, the consensus is that their strategies are clearly paying dividends. Custom Publishing editor at ICIS, Andy Brice, looks at their performance during the first three months of the 2017 and the expectations moving forward.
The first ICIS Duty and Regulatory Bulletin focuses on developments in the chemicals and fertilizers regulatory space.
The bulletin includes:
Polyethylene (PE) prices are under downward pressure in Europe, as imports loom and demand drops.
Polypropylene (PP) is holding up better, but commodity grades are losing ground, and demand is not so strong as it was.
Read ICIS Senior Editor Linda Naylor’s report on the state of the current markets, and what you can expect short term.
Given recent developments such as El Nino, chronic overcapacity and global economic slowdown, palm oil prices have surged to record highs in the last five years.
Join this free webinar session as we delve into the impact of surging oil prices on the Asian oleochemicals market and what to expect in the short-term.
ICIS and Japan’s Chemical Daily focus on Asian petrochemical markets in this year’s special publication, produced for the APIC meeting in Sapporo, Japan, in mid-May. In-depth features in the 76-page publication analyse commodity markets, company strategies, capital investment and M&A activity. Key developments in China are reviewed
The latest edition of NACD’s Chemical Distributor, produced by ICIS, looks at regulation and the possible effects of President Trump’s policies, hiring tips and the benefits of community outreach.
Global methyl methacrylate (MMA) players are looking to the Middle East, in the hope of finding some relief to the current shortness in supply. Supply started to tighten in the second-half of 2016, with a series of planned and unplanned plant outages in Asia as the catalyst. Since that point, the global supply situation has gone from bad to worse, with prices soaring in Asia, Europe and the Americas.
This ICIS market insight and infographic, by senior editor manager Katherine Sale, examines the key events that led to the global shortage of product, the drivers for the year to come and, most importantly, evaluates whether there will be any easing to the supply constraints in 2017.
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.
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.
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.
News and views from the US Adhesive and Sealant Council’s conference in Atlanta in April are covered in the latest ICIS interactive online publication, containing video interviews with keynote speakers and ASC executives
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.
The latest ICIS interactive online publication contains video interviews with key executives at the recent AFPM International Petrochemical Conference in San Antonio, Texas. Hear the latest views from INEOS, Huntsman, NOVA Chemicals and AFPM senior staff.
Adhesives and sealants are the focus of the latest special publication from ICIS, prepared in association with the US Adhesive and Sealant Council (ASC) for its spring convention in Atlanta. The Trump administration, chemical safety regulations, cyber security, customer engagement and innovation and biobased materials are all featured in indepth articles.
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.
North American petrochemicals expansion and the Trump effect are analysed in the latest ICIS special publication, produced with AFPM for its International Petrochemical Conference in San Antonio. Topics such as capacity start-ups and ethane supply, logistics, talent and TCSA implantation are all covered in depth.
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.
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.
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.
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.
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.