Argus DeWitt launches daily olefins report

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Jun 09, 2014, 04:22 ET

HOUSTON, June 9, 2014 /PRNewswire/ -- Global energy and commodity news and price reporting organisation Argus has launched the Argus DeWitt Olefins Daily report. This publication provides US Gulf coast pricing for ethylene and propylene, including daily volume-weighted averages, market analysis, coverage of global contract and swaps prices and a large news section.

The US petrochemical industry is experiencing a resurgence, as low-priced ethane and propane have made domestic production of ethylene and propylene second only to Middle East output in terms of economic competitiveness. Growing US production has created additional spot market liquidity and is expected to lead to significant exports in the coming years. As a result of this, many trading firms have entered the US olefins spot market to supplement the activities of producers and consumers that historically have done most of their sales or purchases on a contract basis.

The Argus DeWitt Olefins Daily report will provide independent arms-length price assessments of US spot markets. The report will draw on Argus' global presence in reporting, feedstock, and cargo markets to provide market participants with comprehensive, actionable intelligence.

"Argus' comprehensive coverage of global petrochemical markets continues to expand with the launch of the Argus DeWitt Olefins Daily report. This report will prove valuable to those already established in the global olefins markets, as well as newcomers entering the markets," Argus Media chairman and chief executive Adrian Binks said.

Argus, through its purchases of DeWitt and Jim Jordan & Associates (JJ&A), offers a full range of international petrochemical information services. Argus DeWitt reports cover global trade and pricing for aromatics, olefins, butadiene, methanol, MTBE, hydrocarbon resins and other petrochemicals. Argus DeWitt publishes nearly 200 price references, which are widely used in index pricing and for analytical purposes. In addition to reports, Argus DeWitt provides consulting services and publishes multi-client studies.

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About Argus Media
Argus is an independent media organization with over 600 full time staff. It is headquartered in London and has offices in each of the world's principal commodity centers. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.

More than half of Argus employees are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and a compliance and ethics policy that align with best journalistic practice, including the avoidance of conflicts of interest.

Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.

Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.

ARGUS, ARGUS MEDIA, the ARGUS logo, DEWITT, FMB, FUNDALYTICS, METAL-PAGES, JIM JORDAN & ASSOCIATES, JJ&A, ARGUS publication titles and ARGUS index names are trademarks of Argus Media Limited.

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