Dec 3 2007
ICIS pricing, the world's leading price reporting service for the global chemical industry, today launched its first weekly margin report for the European Polyethylene market.
Following industry demand, the new margin report from ICIS pricing examines commodity margins across the business chain from naphtha feedstock to crackers and through to polyethylene. With huge sensitivity to the volatile impact of oil and refined product prices, ICIS has decided to bring together this critical data analysis into a single report.
"This will provide a consistent and incisive view of how the volatile business environment is really affecting business margins and decisions." Senior Editor Linda Naylor added, "As the business cycle changes into the future, with the prospect of the long heralded downturn, this new report will help players focus on the real cost drivers that are relevant for the majority of the business. This adds a whole new raft of information that is a perfect complement to our current ICIS market price discovery and reporting services."
The analysis is driven by manufacturing yield data from Linde Engineering. It provides simple and prompt signals on the direction of business contributions, informing market positioning by sellers, buyers and traders.