Industry News
Chemical Industry News
Saudi Arabia’s East-West pipeline back to full capacity – energy ministry
SINGAPORE (ICIS)--Saudi Arabia’s Ministry of Energy has restored full capacity to the East-West pipeline following recent attacks to the energy infrastructure. Operational capacity of roughly 7...
No US-Iran peace deal; Trump orders Hormuz naval blockade
SINGAPORE (ICIS)--US President Donald Trump on Sunday ordered a US naval blockade of the Strait of Hormuz as the US and Iran failed to strike a peace deal following negotiations over the weekend in...
US-Iran talks in Pakistan fail to reach agreement-US
SINGAPORE (ICIS)--The White House said face-to-face talks with Iran in Islamabad brokered by Pakistan have not reached agreement and US Vice President JD Vance, who led the US side is returning to...
Chem tanker rates ex-US Gulf continue to rise; Asia-US container rates higher on Iran war
HOUSTON (ICIS)--Rates for liquid chemical tankers originating from the US Gulf continued to surge amid the US-Iran war, while shipping containers from east Asia and China to the US also rose this...
Sage Potash undertaking drilling program at Utah project
HOUSTON (ICIS)--Canadian potash developer Sage Potash Corporation announced it has commenced a drilling program at its Sage Plain Potash project located in the Paradox Basin within southwest Utah....
India’s VCM imports from Asia likely to increase in 2026
MUMBAI (ICIS)--India's vinyl chloride monomer (VCM) imports from Asia are likely to increase in 2026, according to market players on the sidelines of the 13th Vinyl India Conference being held in...
CRUDE SUMMARY: Crude benchmarks on track for largest weekly loss in 10 months following ceasefire
Israeli and Iranian attacks continue despite ceasefire Shipping traffic through Strait of Hormuz said to be 10% of normal volumes US oil rig count unchanged at 411 - Baker Hughes LONDON (ICIS)--Crude...
NYMEX: US gas futures ease on strong production and warm weather
Front-month US natural gas futures eased on 10 April on warmer weather trends The May 2026 Henry Hub contract on NYMEX settled at $2.648/MMBtu, down less than 1% from the previous session Lower 48...
Europe PET supply tightens as upstream constraints curb market flexibility
LONDON (ICIS)--European polyethylene terephthalate (PET) supply is tightening as limited and increasingly costly feedstock availability upstream continues to curb production flexibility, shortening...
India’s PVC per capita consumption has ample room for growth
MUMBAI (ICIS)--India’s polyvinyl chloride (PVC) consumption per capita has plenty of growth potential in the years to come, according to Akshat Seth, managing director and CEO of BirlaNu, who was...
China’s carbide PVC producers increasingly squeezed by regulations
MUMBAI (ICIS)--China's carbide polyvinyl chloride (PVC) producers will face challenges in profitability and production due to increased regulations, according to Ian Sun, sales director of PVC...
EU BPA spot jumps to highest since mid-2024 on cost surge
LONDON (ICIS)--Europe bisphenol A (BPA) spot prices have climbed this week, taking prices to the highest since July 2024, as the spike in production costs is putting a floor under price levels....
Europe April BPA formula contract prices climb on cost spike
LONDON (ICIS)--Europe April bisphenol A (BPA) formula contract prices have risen by 15% month on month, taking it to the highest level since June 2024, amid the upstream cost surge. The latter is...
Italy’s Eni to take stake in Canada graphite and battery materials business
TORONTO (ICIS)--Italian energy and petrochemicals major Eni is investing $70 million for an 11.5% stake in Canada’s Nouveau Monde Graphite (NMG), it said on Friday. NMG operates in the natural...
India’s caustic soda exports to increase once major capacity expansions commence
MUMBAI (ICIS)--Caustic soda producers in India will likely lean towards exports as upcoming production expansions are outpacing local consumption, according to market players on the sidelines of the...
Europe truck prices for acetone continue climb in tight market
LONDON (ICIS)--Europe's spot truck acetone prices jumped again this week as the ongoing tightness in the market kept offers and sales at high levels. Feedstock costs for April have also rocketed....
Higher benzene costs drive European April phenol contract hikes
LONDON (ICIS)--April phenol contracts have increased by €289/tonne on the back of the huge jump in feedstock benzene costs for the month, the reimplementation of an energy surcharge – and a small...
Canada adds 14,000 jobs in March, following big Jan-Feb loss
TORONTO (ICIS)--After losing a cumulative 109,000 jobs in the first two months of 2026, Canada’s economy added 14,000 jobs in March, according to data by federal agency Statistics Canada...
Mutares building integrated automotive portfolio with Magna acquisitions, SABIC ETP deal
NEW YORK (ICIS)--Special situations private equity firm Mutares has agreed to buy Magna’s European automotive lighting business and its car top systems business. Along with its pending acquisition...
Chile’s inflation up to 2.8% in March on surging transport, education costs
SAO PAULO (ICIS)--Chile's annual rate of inflation rose in March to 2.8%, up from 2.4% in February, as transport and education costs surged during the month, national statistics agency INE said this...