MOSCOW (MRC) – MRC analysts have undergone training at ICIS London office, the world's largest petrochemical market information provider. A week’s training was arranged under the joint ICIS-MRC pricing business in Russia, Ukraine, Belarus, Kazakhstan and Uzbekistan.
During the meeting the analysts discussed the methodology of price-formation for polymer industry in Western Europe, Asia and the USA.
"We paid great attention to a daily working schedule of ICIS price-analysts," said Sergey Karaichentsev, editor of PE, PP and PVC price reports, "We also studied the experience of the British colleagues regarding work with contradictory information coming from different counterparties of the market. It turned out that ICIS analysts face the same situation as we do when price information on one producer may differ radically from different sources, i.e. when some market players claim that a producer is raising prices by EUR100/tonne while others say that he is reducing prices by EUR100/tonne, and the maker, in his turn, might announce in his press release that prices remain intact. In such a case, price editors can state quotations in their price reports rather intuitively than relying on players’ contradictory statements."
According to the Director of MRC Sergey Yaremenko, regular training of analysts is necessary to get ready for the expansion of the line of ICIS-MRC price reports: "We will have launched new price reports on polycarbonate, titanium dioxide, caustic, polyamide and polyurethane by the end of the current year. In 2013, ICIS-MRC plans to reach fundamentally new chemical CIS market with their products."
ICIS is the world's leading provider of the operative news and price information in the petrochemical, oil and energy markets. The company has offices in London, Houston, Singapore, New York, Washington, San Francisco, Shanghai and Mumbai.
MRC company, operating in the CIS countries under the brand of Market Report, provides market analytics on polymer market (polyethylene, polypropylene, polystyrene, PVC and PET). MRC has been studying the markets of Russia, Ukraine, Belarus, Kazakhstan, and Uzbekistan, and has been providing information to the industry's largest players.
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