Empowering business decisions and optimizing chemical resources——A talk by Xu Rong, Director of ICIS China Market Development

As a well-known company in the global chemical data industry, ICIS has connected markets and customers through data for many years, providing participants in the global commodity market with a comprehensive and trustworthy perspective, empowering business decisions and optimizing chemical resources
.

Recently, our reporter interviewed Xu Rong, director of ICIS China’s market development, to listen to her interpretation of ICIS’s development philosophy and introduce the company’s development plan in China

To be the most trusted intelligence provider

To be the most trustworthy intelligence provider, to be the most trustworthy intelligence provider

ICIS is one of the largest and most trusted chemical market intelligence providers in the world
.

For a market intelligence provider, trustworthiness is crucial

Xu Rong said that chemical data research is very important, it is a strong guarantee for the stable operation of the current chemical industry, and it is also a major trend in the development of the chemical industry
.

The application of big data research to production is a common practice of enterprises in the industry.

ICIS has adopted a series of measures to ensure that the data is fresh and accurate
.

Xu Rong said that at the institutional level, ICIS has a professional data analysis team, and the company has a strict discipline and culture of data management

In addition, Xu Rong emphasized that ICIS has a global presence
.

As a subsidiary of Rexun Group, the company can make full use of big data for analysis

Ensure the forward-looking nature of market trends research and judgment

Ensure the forward-looking nature of the research and judgment of market trends and ensure the forward-looking nature of the research and judgment of market trends

In the past two years, in the face of downward economic pressure and various uncertainties caused by the new crown pneumonia epidemic, reliable and forward-looking market research and judgment have become more important
.

However, market research and judgment do not only rely on data, but also need a deep understanding of the market in order to take the lead in the market

In addition, in order to maintain the leading market observation, ICIS accelerated its expansion in the field of data and analysis services as early as 2005, and carried out some selective acquisitions, including the well-known American chemical business magazine "Schnell Publishing" and European natural gas Professional journal "Heren Energy", Palpinelli TECNON, a supplier of basic data for the chemical market, and Tschach Solutions, a supplier of carbon and electricity market analysis tools
.

These acquisitions enable ICIS to keep abreast of the latest market trends, maximize the integration of global resources, and maintain industry forward-looking

　　Deeply participate in and serve the Chinese market

Deeply participate in and serve the Chinese market Deeply participate in and serve the Chinese market

　　Regarding the Chinese market, Xu Rong said that the Chinese market is an important service target of ICIS
.

ICIS’s Chinese brand portfolio provides market intelligence on China’s commodity markets, especially in the chemical, energy, and sustainable industries that are currently rapidly developing

　　Xu Rong said that the demand of Asia-Pacific and China dominates the development of the world commodity market and is the key to the ICIS global information network
.
China is also one of the largest chemical consumers and has set a goal of achieving a 70% self-sufficiency rate of petrochemical demand by 2025
.
ICIS entered the Asian market in 1989, established the first Asian office in Tokyo, and then moved to Hong Kong
.
From 2007 to 2010, ICIS gradually acquired most of the shares of CBI China and obtained the ownership of the Chinese market information and consulting business
.
This constitutes an important part of the ICIS China brand portfolio
.
Chemease, Papease, C1 Energy and Bank of Communications International Consulting are also part of ICIS' brand portfolio in China
.
Today, ICIS has 10 offices in the Asia-Pacific region, of which 3 are in China, located in Beijing, Shanghai and Guangzhou
.

　　Xu Rong said that as an important institution for the analysis of China's petrochemical energy industry, ICIS provides customers with in-depth interpretation of the trading dynamics of the Chinese market and helps them understand the activities that drive market changes
.
In China, ICIS market experts work closely with a global expert team to collect first-hand local information from the market, while integrating comprehensive views of China and other countries and regions to ensure timely delivery of high-quality market data to customers
.

　　Xu Rong specifically stated that in March this year, China put forward the "30·60" target, which will further promote the standardization and innovation of the industrial chain of China's energy and chemical industry
.
With the implementation of China's "Administrative Measures for Carbon Emission Trading (Trial)", China's national carbon market is about to start, and it is expected to become the world's largest carbon market
.
In the future, ICIS will continue to pay attention to China's carbon emissions trading market and help Chinese companies to achieve the dual carbon goals
.