NYMEX: US natural gas futures rise on some improved feedgas demand
- US natural gas futures started the week off with a slight gain, as feedgas to US LNG plants rose above the prior week’s volumes - The April ’24 front-month contract settled at $1.703/MMBtu on...
AFPM ’24: US phenol/acetone hoping for better demand heading into Q2
HOUSTON (ICIS)--US phenol and acetone demand has been poor because of weakness in housing, construction and automotive segments, but players heading into this year’s International Petrochemical...
US May benzene traded at $3.95/gal
US May spot benzene traded at $3.95/gal DDP USG on Monday. US April spot benzene traded at $4.02/gal DDP Freeport on...
Peru PP December imports up 46% year on year
SAO PAULO (ICIS)--Peru polypropylene (PP) imports increased by 46% in December year on year, totaling 23,232 tonnes, according to the latest figures from the ICIS Supply and Demand database. On a...
AFPM ’24: Styrene supply, production cost pressures beginning to ease
HOUSTON (ICIS)--The North American styrene market is beginning to see some relief from tight supply and rising feedstock prices heading into this year’s International Petrochemical Conference....
AFPM ’24: Tight BD, rising prices meet rebounding rubber demand
HOUSTON (ICIS)--Tight global butadiene (BD) supply puts upward pressure on prices while the market faces the prospect of a synthetic rubber demand rebound heading into this year’s International...
CERAWeek: ‘Latent demand’ in Asia is future of LNG demand growth, Shell CEO says
• East Asian spot LNG trading below $10.00/MMBtu spurred Asian demand - Shell says • Shell sees uptick in demand from price-sensitive buyers • Cheaper LNG could drive demand growth in southeast...
AFPM ’24: INSIGHT: Biden ending term with regulatory bang for US chems
HOUSTON (ICIS)--The administration of US President Joe Biden is proposing a wave of regulations before its term ends in 2025, many of which will increase costs for chemical companies in the US and...
CRUDE SUMMARY: Oil prices continue last week’s rally as Ukraine takes Russia refinery capacity offline
Risk premium on crude rises as Ukraine takes out Russian refining capacity Iraq to step up commitment to output cuts in March Chinese industrial production growth accelerates to 7.0% in...
Mexico December PP imports down month on month
SAO PAULO (ICIS)--Mexico polypropylene (PP) imports fell by 15% in December month on month, totaling nearly 103,000 tonnes, according to the latest figures from the ICIS Supply and Demand database....
Colombia December PP imports, exports higher month on month
SAO PAULO (ICIS)--Polypropylene (PP) exports from Colombia increased sharply by 48% in December year on year, totaling nearly 24,600 tonnes, according to the latest figures from the ICIS Supply and...
FBMC WEEKLY: Rising renewables, temperatures to pressure spot power prices
LONDON (ICIS)--Mild temperatures forecasts and strengthening renewable power output should pressure power spot prices during week 12 across the flow-based market coupling (FBMC) region. ICIS...
PPA hedging may boost long-term power liquidity but challenges persist
PPA hedging could support long-term power liquidity but scarce trading on far-curve a limiting factor for deals In turn, liquidity on long-term forward power market needed to boost PPAs...
Germany’s SEFE signs agreement to buy long-term LNG from UAE’s ADNOC
Germany’s SEFE signs agreement with ADNOC to buy LNG for 15 years from 2028 Market participants see no immediate market impact due to distant start date Secured German long-term LNG supply could...
French post-ARENH regulation questioned by the court of auditors
The French court of auditors raised concerns on France’s post-ARENH regulatory framework More clarity from the government was requested by the audit court from its report The current proposed...
Europe LPG prices mixed
LONDON (ICIS)--European liquefied petroleum gas (LPG) prices were mixed in the week ended 15 March. Spot CIF (cost, insurance and freight) NWE (northwest Europe) cargo prices moved in opposite...
US builder confidence rises for fourth month, climbs above neutral
HOUSTON (ICIS)--US builder confidence in the market for newly built single-family homes rose for a fourth consecutive month in March and is now above the 50 neutral mark, as measured by the National...
EU countries rubber stamp energy market transparency reform
Council of the EU formally adopts REMIT revisions The updated regulation can now be published in the EU’s official journal and enter into force 20 days later Provisions will take from between six...
Europe butyl glycol ethers prices rise as feedstock shortages intensify
LONDON (ICIS)--The impact of recent n-butanol (NBA) disruption on Europe's market for e-series butyl glycol ethers products has escalated in recent weeks, with a resulting deterioration in...
US March OX contract prices settle higher as result of increased MX prices
HOUSTON (ICIS)--US March orthoxylene (OX) contract prices were settled at 58.5 cents/lb ($1,289.70/tonne), up 3 cents from February. This represents the third consecutive month of OX contract price...