SINGAPORE, September 2, 2015 /PRNewswire/ --
ICIS, a leading source of pricing intelligence for Asian polyethylene (PE) and polypropylene (PP), has launched China daily import price assessments and southeast Asia midweek indicative prices for key polyolefins grades, as part of an enhancement programme to enable subscribers to track price movements more regularly.
Asia remains a key driving force in global polyolefins. As the world's largest PP and PE import market, China has significant influence globally, as buyers and sellers take their price direction from the country. In addition, consistent growth and low per capita plastics resins consumption in the emerging markets in Southeast Asia promise significant demand potential.
Thus, to further complement the existing ICIS benchmark Asian PE and PP weekly assessments published every Friday, ICIS now provide China daily import price assessments for film grades linear low density PE (LLDPE) and flat yarn (raffia) PP. These price assessments are denominated in US dollar and quoted on a CFR (cost and freight) China basis.
Meanwhile, ICIS is also introducing SE Asia midweek indicative prices. Published every Wednesday, these will be quoted on a CFR SE Asia dutiable basis for the following PE and PP grades:
- LDPE Film
- LLDPE Film
- HDPE Film
- HDPE Blow Moulding
- HDPE injection
- BOPP Film
- IPP Film
- PP flat yarn (raffia)
- PP Injection
- PP block copolymers (general purposes)
- PP random copolymers (injection grades)
Subscribers to our Asian polyolefins pricing reports can now gain access to both the daily prices for China and midweek indicative prices for Southeast Asia via ICIS dashboard price alerts, as well as:
- Weekly spot prices for commonly traded PP and PE grades
- Feedstock prices and market updates
- Commentary on trading activity, production news and supply/demand
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS's staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
ICIS is a division of Reed Business Information, part of RELX Group plc.
About Reed Business Information
Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries. www.reedbusiness.com
About RELX Group:
RELX Group is a world‐leading provider of information solutions for professional customers across industries. The group employs about 28,500 people of whom half are in North America. RELX PLC, the London Stock Exchange listed shareholding vehicle, holds 52.9% of the shares in RELX Group. RELX NV, the Amsterdam Stock Exchange listed shareholding vehicle, holds 47.1% of the shares in RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately €28.6bn/£21bn. www.relxgroup.com
For further information, please contact:
Marketing Manager, ICIS