ICIS Pricing Launches Weekly Polypropylene Europe Margin Report

LONDON, March 9, 2010 /PRNewswire/ -- ICIS pricing, the world's leading price reporting service for the global chemical industry, has launched a new European Polypropylene Margin report. The weekly Margin report assesses producer cash costs and margins by modelling raw material and key variable costs, co-product credits and product yields across the business, from naphtha and PDH feedstock, through to propylene and polypropylene.

It has been reported recently in an ICIS pricing Europe Polypropylene report, that demand for polypropylene will improve from the beginning of the year. Producers are optimistic about an increase of volumes but supply will be restricted and some producers are looking to increase prices to recover lost margin on propylene purchases.

The new European Polypropylene Margin report will give market players, including sellers, buyers and traders, a clear indication of the direction of business cash costs and cash margins to make informed decisions on market positioning.

The weekly margin reports are designed to complement ICIS's highly regarded benchmark pricing data which are used with feedstock yield models from Linde Engineering.

The concise 2-page margin report includes charts, tables and bullet-point summaries, giving a clear indication of both short-term and long-term trends.

"With the launch of the margin reports, ICIS pricing continues to provide industry players with timely, concise, accurate yet comprehensive market intelligence," said Paul Ray, Head of Data & Analytics, ICIS. "We are excited to launch a service that will help industry players compete globally and give them clarity of real impact of volatile feedstocks such as propylene."

The launch of the European Polypropylene Margin report builds on the success of existing Asian and European Ethylene and Polyethylene Margin reports.

ICIS publishes trusted pricing information and analyses the factors driving the chemical industry. ICIS weekly polypropylene pricing reports are widely used for benchmarking and market intelligence, to underpin commercial contracts and to support key business decisions.

Request a sample copy of the European Polypropylene Margin report from ICIS pricing at http://tinyurl.com/yctnn6f or by emailing [email protected]

For more information on ICIS pricing, visit http://www.icis.com

Notes to Editors:

ICIS Pricing

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.

Reed Business Information

ICIS is part of Reed Business Information, http://www.reedbusiness.co.uk/ , (RBI), a division of Reed Business and a member of Reed Elsevier plc (525), (UK:REL) (US:RUK) (NL:45443) the world's leading publisher and information provider. RBI publishes over 100 market leading publications, directories and online services, and organises many industry conferences and awards. The RBI portfolio includes Banker's Almanac, Computer Weekly, Farmers Weekly, Flight International, ICIS, Kellysearch, New Scientist, Personnel Today, Totaljobs and XpertHR. For a full listing visit http://www.reedbusiness.co.uk

    For further information please contact:
    Sheila Seow
    ICIS Pricing
    tel: +65-6780-4395
    email: [email protected]

SOURCE ICIS Pricing