SINGAPORE, September 30, 2011 /PRNewswire/ --
ICIS pricing, the leading price reporting service for the global chemical industry, has leveraged off its local Chinese operations to launch a weekly China Propylene report with comprehensive coverage of the complex and constantly evolving Chinese market.
The new report covers propylene spot price assessments based on Shandong Ex-tank, East China Ex-tank and CFR China Main Port. Apart from propylene pricing trends, the report offers in-depth commentary on China's domestic and import markets, producers' list prices, up-to-date production news on start-ups and planned/unplanned shutdowns, as well as coverage of all major propylene derivatives in China.
The ICIS China Propylene Report provides subscribers with weekly transactions happening in China and allows them to evaluate raw material costs for contract discussions and procurement activities. It also includes updates on potential import demand and domestic prices in China that gives an overview of the macro economic impacts and supply/demand of plants based in China.
Peh Soo Hwee, senior editor manager of the China propylene report, believes ICIS is in an excellent position to offer a comprehensive analysis of the Asian market situation owing to its extensive portfolio and years of expertise covering the chemical industry, which is further strengthened by its well-established ICIS/Chemease China resources.
"The new China propylene weekly provides in-depth coverage of the domestic market in China and leverages on ICIS's strength in covering the olefins markets for nearly 20 years and local China coverage by Chemease. The content of the report is comprehensive and includes deals and discussions as well as information on plant operating rates and new capacities coming on stream. The report also complements our existing olefins product offering that comprises daily and weekly reports covering Asia, Europe and the US," she said.
"China is Asia's largest spot buyer of propylene and exerts a key influence on prices in the region. New propylene capacities are also expected to come on stream over the next few years in the country and these developments are expected to keep China firmly in the spotlight," she added.
Notes to Editors:
ICIS pricing, http://www.icispricing.com, an independent pricing and market intelligence service from ICIS, provides chemical and oil markets with reports published daily, weekly or monthly on more than 120 products. The pricing information is gathered by teams of experienced reporters in London, Houston, Singapore and Shanghai to offer the most complete, authoritative and up-to-the minute independent market information available. For further information on ICIS pricing and ICIS, please visit http://www.icis.com.
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SOURCE ICIS pricing