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“ICIS price forecasts have helped us allocate resources smartly and efficiently, to anticipate price changes, and to buy PP at favourable prices. The reports have saved our internal team a lot of time and effort when analysing pricing trends.”
Sante Serrecchia, Administrative & Purchasing Manager, Ondaplast
The following is a glossary of terms and abbreviations commonly found within ICIS pricing reports.
American Petroleum Institute (issues US petroleum statistics)
German pipeline group, major ethylene inland distribution (Aethylen Rohrleitungs Gesellschaft)
BP Agreed Price (LPG quote in feedstocks)
in paraffin wax to denote melt point in degrees Celsius
chemical grade (propylene) / commercial grade (toluene)
centistoke, unit of viscosity, ratio of a liquid’s absolute viscosity to the density of that liquid
liquid petroleum gases (butane and propane on feedstocks)
industrial – technical grade monopropylene glycol
propanol methoxy/methoxy propanol/propylene glycol ether
material manufactured outside the EU and possibly subject to duty
material manufactured within the EU
West Texas Intermediate (US specification of crude oil)
freight, for oil bulk cargoes
FOB price spread at Friday close
FOB price spread for the week
dry tonne (or dry metric ton)
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