Chemicals Chemical Economics Handbook

Negotiate favorable supply contracts

Benchmark buying opportunities with reliable and accurate market analysis.

To negotiate an advantageous supply contract for your raw materials, you need an objective and comprehensive view of your chemical markets. Tracking near-term market trends – including forecasted price shifts – is critical to supporting your purchasing and pricing decisions. Presenting your suppliers with a third-party price index can strengthen your negotiating position. Against the prevailing climate of uncertainty, you need to be able to rationalize decisions about when to buy, how much, who from and at which price.

What IHS Markit can do for you:

Identify and capitalize on buying opportunities for new raw material supply contracts
Negotiate supply contracts with index price formulas derived from reliable, accurate third-party price settlements and near-term market trends and pricing
Achieve efficient contract settlement mechanisms with key suppliers using credible industry data, forecasts and market intelligence
Improve supplier relationships and capitalize on buying opportunities with impartial assessments of major chemical producers
Minimize exposure to risk and margin loss with access to industry-leading experts who can help validate your procurement decisions

Products & Solutions

Market Advisory Services (MAS)

Near-term pricing and market dynamics.
Comprehensive price discovery, near-term analysis and forecasts of global chemical markets. Our experts leverage years of industry experience and extensive professional contacts to help clients improve market portfolio planning and make better buying, selling and operating decisions. Reports are provided weekly, biweekly, and/or monthly, depending upon the service. For some actively traded chemicals, Market Daily Services are offered.
Process Economics Program (PEP)

Detailed technical and economic evaluation with user-interactive models of over 2,000 commercial and emerging chemical, refining and related technologies.

IHS Markit Insight

Customer Testimonial

“We are keeping pace with the market data of our key products…[and]
IHS market data assists us to decide on the potential opportunities. IHS is credible.”

Industry Success Stories

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This national oil company wanted to give investors confidence so they developed a two-pronged strategy to grow its core oil business and set the stage for launching a new chemical business, while staying abreast of market changes and avoiding up to $4 billion in potential costs/risk to its reputation.

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Leonardo S.p.A. achieves competitive advantage with access to leading aerospace and defense experts, analytics and information

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