ICIS and PLATTS: The Global Market Indicators for Plastics

Two of the most well-known price indices are ICIS and PLATTS. They are extremely important for the plastics industry, for example, for materials like polypropylene (PP) and polystyrene (PS).

These indices tell you how much these materials cost in different parts of the world, helping companies to know how much they will spend on raw materials and manage all the costs involved from purchasing to manufacturing to the final product.

ICIS, for instance, offers weekly reports on the prices of plastic materials in various regions. If the prices of these materials rise in the ICIS index, the manufacturing costs for extrusion of products such as pipes and candy sticks also increase. This can lead to higher prices for final products and the entire process involved.

On the other hand, Platts prices are understood as the global benchmark prices for a wide variety of commodities. Thanks to these prices, the different purchase and sale prices of various resources are established worldwide.

In conclusion, the ICIS and Platts price indices are essential for the plastics industry. They provide up-to-date information on the cost of materials derived from plastic.worldwide, helping companies to plan their expenses and better manage costs. With this data, companies can anticipate price changes and adjust their purchasing and sales strategies, allowing them to be more competitive.