Industry News
Chemical Industry News
Mexico’s Zama oil field operator appointment major milestone but majors skeptical on mixed contracts – IEA
SAO PAULO (ICIS)--Mexico achieved a major milestone in its production revival plans with the appointment of Harbour Energy as operator of the large shallow-water Zama oil field, the International...
Electricity transit between EU and non-EU countries is exempted of CBAM, expert
Traders halted transit amid uncertainty over CBAM wording Electricity transit exemption consistent with world trade rules Customs declaration prevails over TSO nominations in CBAM declaration LONDON...
China urea exports rebound in 2025 on Beijing’s policy shift
LONDON (ICIS)--Urea exports from China rebounded in 2025 to 4.9 million tonnes compared with 260,554 tonnes in 2024, according to customs data, after the government removed restrictions on exports...
Plant status: Egypt’s SIDPEC to shut HDPE production next week – sources
LONDON (ICIS)--Here is a plant status report: Name: Sidi Kerir Petrochemicals Co (Sidpec) Location: Amreya, Alexandria, Egypt Product: High density polyethylene (HDPE) Capacity (tonnes/year): 250,000...
China imports 26% less ammonia in 2025 year on year
LONDON (ICIS)--Imports of ammonia into China dropped by 26% in 2025 year on year, according to customs data. More than half of the volumes imported into China came from Indonesia, followed by Saudi...
OUTLOOK FOR 2026: France to sustain discount to neighbouring power markets despite forecasts of lower nuclear output
ICIS predicts a drop in French nuclear generation in 2026 Despite this prediction, French power prices are likely to remain low Low demand output, less sensitivity to gas, carbon markets to pressure...
US pending home sales fall 9.3% in December
HOUSTON (ICIS)--US pending home sales in December fell 9.3% month on month from November, and they fell 3.0% year on year from December 2024, the National Association of Realtors (NAR) reported on...
TTF Summer ’26 premium to Winter may return to discount
Rally in near dated contracts has triggered TTF Q2 ’26 to trade at premium to Q1 ’27, peak winter delivery TTF premium to EAX at $1.091/MMBtu, supportive of European imports Summer ’26 could...
US air strikes seriously damaged leading research institute in Venezuela
Venezuelan Institute for Scientific Research’s maths building ‘completely destroyed’ and chemistry building seriously damaged
MOVES: Kraton CEO Boldrini leaves, exec team takes over
LONDON (ICIS)--The CEO of Kraton, Marcello Boldrini, left the US-based producer of biobased chemicals and specialty polymers effective 8 January, the company said in a statement to ICIS. “Mr...
South Korea sulphuric acid interactive trade map January-December 2025
LONDON (ICIS)--South Korea’s Trade Statistics Promotion Institute (KTSPI) has released sulphuric acid trade data for January-December...
EU move to refer EU-Mercosur deal to ECJ a ‘disgrace’ – VCI chief
LONDON (ICIS)--A vote in European Parliament to refer the recently-approved EU-Mercosur trade deal to the European Court of Justice (ECJ) for scrutiny represents policymakers opting for economic...
Oil demand set to rise in 2026, supply and stocks continue to climb – IEA
LONDON (ICIS)--Global oil demand is expected to rise in 2026 on recovering petrochemical feedstock demand and against a backdrop of geopolitical instability, according to the latest data from the...
Europe ACN market grapples with weak demand, changing regulations
LONDON (ICIS)--As Europe’s acrylonitrile (ACN) market continues to struggle with high domestic production costs, reduced operating rates and weak demand, players are keen to understand the impact...
IMF dims Latin America growth outlook as Brazil faces sharp downgrade
SAO PAULO (ICIS)--Latin American and the Caribbean will grow less than previously expected in 2026, according to the IMF, which delivered one of its steepest GDP forecast cuts to Brazil while it kept...
Italian PSV liquidity on the rise in January, traders point to uncertainty on spot gas products
OTC volumes higher compared with January 2025 Highest year-on-year growth recorded at the back of the curve Market uncertainty drives PSV volatility - traders MILAN (ICIS)--Liquidity on the Italian...
Europe chemicals flows October 2025
LONDON (ICIS)--Below is EU+UK chemicals import and export data for October 2025 from the ICIS Supply and Demand Database. Select a commodity from the drop-down menu below: Interactive content...
India’s BPCL sells February naphtha
SINGAPORE (ICIS)--India's Bharat Petroleum Corp Ltd (BPCL) has sold a naphtha parcel for 1-2 February loading from Mumbai this week, coming at a time when market sentiment has remained relatively...
PODCAST: EU biomethane market blooms but challenges slow down progress
LONDON (ICIS)--The EU’s biomethane market has been developing at speed. Since 2023, production has risen more than 30% and the fuel is fast becoming not just an instrument to reach energy...
Trafigura agrees six-year advanced SAF offtake agreement with Uruguay project
LONDON (ICIS)--Energy trader Trafigura has signed a binding six-year offtake agreement with SP Developments Uruguay, a subsidiary of Syzygy Plasmonics, to purchase advanced sustainable aviation fuel...