Two key chemical market research providers are merging to provide expanded delivery of global petrochemical market analysis and price benchmarks. It’s pretty big news. ICIS announced on July 13, it acquired Chemical Data, LLC (CDI), a trusted and rock solid provider of U.S. price benchmark, forecasting, and market analysis information for the petroleum, petrochemical, and plastics markets. CDI was founded in Houston, Texas in 1979 and produces the Monthly Petrochemical & Plastics Analysis report (MPA), which provides continuous coverage of major petrochemicals and plastics and the Monthly Feedstocks & Fuels Analysis report (MFA), which covers the world petroleum situation as well as the U.S. petroleum and natural gas industries.
ICIS is a highly reputable market intelligence provider for the global chemical, energy and fertilizer industries. Coverage includes markets in upstream and downstream sectors in Europe, Africa, the Middle East, Asia-Pacific and the Americas. Pricing is available for 180 chemical commodities through the ICIS Dashboard, which is a platform that allows you to select various commodities and locations for a customized view of pricing data, news, and analysis. The ICIS monthly price forecast reports include details of prices, margins, capacity, supply and demand for the next 12 months. ICIS News Service provides real-time news, 24/7, for all key sectors and reports on the latest price movements and market trends. ICIS is a division of Reed Business Information, part of RELX Group.
According to the press release petrochemicals are present in 96% of all manufactured goods and are a critical part of the global supply chain. Dean Curtis, CEO & President of ICIS is quoted in the release saying: “We are focused on providing our customers in the global chemical industry with the highest quality data, analytics and insight. This will connect the market and enable smarter decisions that ultimately optimize the use of the world’s valuable resources. CDI is widely recognized as a leader in the US petrochemical segment. By joining CDI’s expertise with ICIS’ leading presence in Europe and Asia, we can provide customers with an extensive, robust and comprehensive view of key global petrochemical markets.”
Photo by Dustin Humes on Unsplash