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Joseph Chang, Editor of ICIS Chemical Business Americas, Responds To Concerns About Chemical Price Information in ICBA

.: In response to my criticisms and concerns about the changes to Chemical Market Reporter, and the sudden albeit temporary disappearance of its web site (with the chemical prices!) during the first week of classes, Mr Joseph Chang, editor of ICIS Chemical Business Americas has written the following letter, which is printed here in its entirety, and without comment from me. I had a friendly and productive discussion with Joe on the phone earlier this week, and offered him the chance to respond here if he wished to do so. I really appreciate that he took the time to do so, and note that he is receptive to our concerns. Thank you, Joe.

Letter from Joseph Chang, the Editor of ICIS Chemical Business Americas

I want to offer my sincerest apologies for the great inconvenience the revision of our online price pages has caused. We truly value the academic community and our educational subscribers and we are eager to continue a fruitful dialogue.

Let me explain the rationale behind the changes in our pricing section: Over the years, our magazine has shifted towards more news and analysis, and although prices are an important aspect of our product, they are our editors’ primary focus. As a result, many of the entries in the pricing section had not been updated for years, making them irrelevant or worse.

To correct the problem, we significantly narrowed the list of chemicals in the pricing section to those we can update on a regular basis. The entries that currently appear consist of 95 chemical prices: 28 commodity chemicals and 67 oils, fats and waxes. These are the prices we are comfortable posting, because we can ensure that they are relatively up-to-date.

We would rather put up a limited price list that is meaningful than a large price list that is suspect. That said, I understand that you would have been better served by some advance notice of the changes we planned, and I regret our failure to provide it.

As Randy Reichardt correctly observes, the students you teach are the future of our industry. We fully recognize this and aim to better serve you needs and interests.

I sincerely hope you and your students find value in our publication ICIS Chemical Business Americas, even with the narrowed—but more accurate--chemical pricing section. We also offer important news, as well as analysis and insights on major trends in the global chemical industry. As you guide your students onto their future paths, I can only hope that they make our publication a key part of their journey.

I welcome any of your comments and questions. Please feel free to contact me at 212-791-4224, or joseph.chang@icis.com

Joseph Chang, Editor, ICIS Chemical Business Americas

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