ICIS Launches a Weekly Report on US Polypropylene Margins
LONDON, May 13, 2013 /PRNewswire/ --
The ICIS US Polypropylene Margin report provides crucial information about market factors, including feedstock prices and business cash costs, giving a better understanding of market dynamics.
The report covers several models, including integrated PP production from refinery-sourced propylene, the dominant feedstock for PP production in the US. Other models include integrated PP production from naphtha and standalone (or non-integrated) PP production from polymer-grade propylene. With the growing significance of propane dehydrogenation (PDH) in the US, a theoretical model for integrated PP production from propane is also considered.
The volatile nature of the PP feedstock markets underlines the benefits of a weekly report tracking variable costs and margins.
Paul Ray, Head of Analytics and Consulting at ICIS, said: "The new US PP margin report is a simple reference for weekly movements on costs and margins, and provides a transparent view of how the external business environment impacts this sector. The clear methodology used for the ICIS margin reports allows for informed, independent referencing of variable costs and margins."
The methodology used for ICIS margin reports is based on ICIS benchmark price assessments, as well as plant manufacturing and feedstock yield data for the cracker and PDH units provided by Linde Engineering.
The launch of the US PP margin report completes a family of PP margin reports, complementing existing PP margin reports for Europe, Asia and China.
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 them to make better-informed trading and planning decisions.
With a global staff of more than 700, ICIS has people based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. The team covers over 180 commodity markets, and has in-depth knowledge across markets in upstream and downstream.