ICIS, a global source of independent commodity intelligence, today announced that it has made its global Live Disruptions Tracker available to users of WIND, China’s leading financial data and analysis provider.
The partnership allows WIND Financial Terminal users to seamlessly access ICIS’ global live disruption intelligence for six key chemical futures markets including PP, PE, MEG, PTA, Styrene and Methanol. The ICIS Live Disruption Tracker, which aggregates more than 125 million data points, provides both planned and unplanned global production shutdowns anticipating new plant expansion and contractions. WIND Financial Terminal users will be able to access both historical ICIS data, back to October 2017, as well as the global outlook for the next 12 months.
According to ICIS’ Supply and Demand Database, China imported a total of 6.55 million tonnes of Polypropylene (PP) and 19.15 million tons of Polyethylene (PE) during 2020, accounting for 27% of the total PP and PE global trade volumes, making China a key importer of these crucial commodities. In an increasingly inter-connected global market unexpected disruptions to plant production have a significant impact, highlighting the vital need for immediate access to the latest, reliable data on global plant disruptions.
Dave Johnson, Head of Strategic Partnerships at ICIS said, “This partnership is a powerful and complementary one for both ICIS and WIND as we look to support and bring transparency to the chemical markets. Bringing both domestic and international data and information together will help increase efficiency and independence to opaque markets and marks the significance of the Chinese market within the global commodities market.”
Changkun Cai, Vice President of WIND, said, “Providing comprehensive data on our platform is an important aspect of improving WIND’s overall user experience. We are pleased to have the opportunity to collaborate with ICIS in such a mutually beneficial partnership. The partnership with ICIS is an enhancement for WIND in the chemical futures market, as well as the start of our footprint into the global petrochemical market.”