Industry News
Chemical Industry News
US CPI inflation up 0.1% from June to July, up 3.4% year on year
HOUSTON (ICIS)--US inflation, as measured by the consumer price index (CPI), rose by 0.1% month on month in July after falling by 0.4% in June, and it was up 3.4% year on year (June: 3.5%),
Pfizer’s green chemistry team turns 25
What began as a grassroots initiative has become embedded across Pfizer’s research and manufacturing operations, helping reshape processes from Viagra to Paxlovid
Trinidad ammonia Q1 production, exports down on continued Nutrien shutdown
LONDON (ICIS)--Trinidad’s ammonia production and exports dropped in Q1 2026 as the shutdown at Nutrien’s operations continues, according to data released by the Ministry of Energy and Energy...
India’s inflation accelerates in July on higher food prices
MUMBAI (ICIS)--India’s consumer inflation climbed for the second consecutive month in July to 4.45%, up from 4.38% in June as food prices continued to rise, according to official data released on...
INSIGHT: More plastics, chems subject to new US 301 tariffs
HOUSTON (ICIS)--The new Section 301 tariffs cover more plastics and chemicals than previous US duties because they provide fewer broad exemptions. Unless they qualify for specific exemptions, most...
BASF invests to strengthen ag research in Germany
LONDON (ICIS)--BASF’s Agricultural Solutions business is investing a low double-digit million-euro amount in a new “Climate Center” at Limburgerhof, near BASF’s Ludwigshafen petrochemicals...
Strait of Hormuz closure and tensions weigh on projections for 2026 – IEA
LONDON (ICIS)--Conflict in the Middle East continues to weigh on crude supply and demand, the International Energy Agency (IEA) said in a report published on Wednesday. The continued closure of the...
LNG charterers dictate as rates continue to fall
Two-stroke vessel glut pressures both basins Zero-hire bid signals Atlantic collapse Period cover dragged down by spot rates SINGAPORE (ICIS)--The LNG charter market is showing signs of a broad...
LNG shipping softness reshapes US LNG arbitrage amid volatile gas prices
Middle East conflict sustains volatility in European gas, East Asian LNG prices Lower LNG shipping rates favour prompt US LNG to Asia Muted Asian LNG demand as buyers assess winter requirements...
Japan’s Mitsubishi Chem buys another Sep naphtha cargo
SINGAPORE (ICIS)--Japan's Mitsubishi Chemical has bought another spot naphtha parcel for second-half September arrival at Kashima, coming at a time when Brent crude remained elevated. The...
China Petchem market rebounds strongly in July as geopolitical tension drives up costs
SINGAPORE (ICIS)--Prices in China’s domestic chemicals market reversed the declines of the previous month in July, on tighter imports of some products and inventory drawdowns. The recovery has come...
S Korea Hanwha cancels Sep naphtha purchase tender
SINGAPORE (ICIS)--South Korea's Hanwha TotalEnergies has cancelled a naphtha purchase tender this week, making this its fourth cancellation in about two months. The petrochemical maker had sought...
VIDEO: European caustic soda faces stiff competition from US after trade rule changes (part 2)
LONDON (ICIS)--The European caustic soda market faces increased competition from overseas, and diminished export prospects, as a result of the new EU-US trade deal and structural difficulties with...
ICIS TTF Early Day assessments: 12 August 2026
- The US and Iran have not budged from hardline positions on the Strait of Hormuz and wider deal talks even as reports suggest that mediator Pakistan is gaining some traction in the latest...
Asia MEG to see support from acute supply tightness, peak demand season ahead
SINGAPORE (ICIS)--Asia monoethylene glycol (MEG) market is likely to see higher values from the heightened supply tightness in the region and the upcoming peak demand season in the coming weeks....
Europe BDO Aug contracts flat amid continued low summer demand
LONDON (ICIS)--Europe’s butanediol (BDO) contracts for August have settled at a rollover from July, stopping a run of three consecutive months of triple-digit decreases. There were decreases and...
Shape-shifting MOF works wonders for heating and cooling across climates
A pressurised system self-regulates to trigger temperature changes without external electrical inputs
INSIGHT: From Hormuz to the Rhine – how geopolitics and weather threaten vital trade routes
By Eloise Radley and Gemma Blundell-Doyle LONDON (ICIS)--As disruptions in the Bab el-Mandeb and Strait of Hormuz elevate the strategic importance of alternative trade routes, weather-related...
Plant status: China’s Jiaxing Jinyan to shut ethanolamines unit in mid-Aug
SINGAPORE (ICIS)--Here is a plant status report: Name: Jiaxing Jinyan Chemical Location: Jiaxing, Zhejiang, China Product: Ethanolamines Capacity (tonnes/year): 80,000 Event start: 15 August 2026...
Australia delays anti-dumping determinations on Chinese TiO2
SINGAPORE (ICIS)--Australia’s Anti-Dumping Commission has extended the due date to publish the Statement of Essential Facts (SEF) and provide the final report and recommendation regarding the...