Industry News
Chemical Industry News
EU Q3 GDP estimate revised up as government spending increases
LONDON (ICIS)--EU GDP rose 0.4% quarter on quarter for the July-September period, despite import growth outstripping export demand, as government spending increased, statistics body Eurostat said on...
Europe Group II base oils extend bearish trend
LONDON (ICIS)--Europe’s Group II base oils remained under pressure this week as ample supply continued to weigh on the spot market, while arbitrage opportunities remained rife. Asian imports became...
Europe DINP and DPHP prices soften on weak fundamentals
LONDON (ICIS)--European plasticizer spot prices were assessed lower for diisononyl phthalate (DINP) and dipropyl heptyl phthalate (DPHP), while dioctyl terephthalate (DOTP) prices are stable. Spot...
CBAM looms over Europe ammonia market as Tampa price holds steady for December
LONDON (ICIS)--The Carbon Border Adjustment Mechanism (CBAM) continues to be the main worry in the European ammonia market, while the Tampa contract price settled at a rollover for December. Tampa...
PODCAST: Trump’s trade war is driving new business models for chemicals
BARCELONA (ICIS)--Since the US Liberation Day, chemical prices and margins have plummeted, while tariffs are also accelerating the end of existing globalised business models. Tariffs are altering...
China BD forward export talks pick up; supply-demand mismatch lingers
SINGAPORE (ICIS)-- China’s butadiene (BD) prices edged up in early December after fluctuating at low levels in late November. Exports drew support from increased import demand from Japan and South...
Statements alone don’t make labs inclusive for disabled chemists
Leaders need to provide proactive support to disabled employees making adjustment requests
Europe OX contract price rolls over in December
LONDON (ICIS)--The Europe orthoxylene (OX) contract price for December has settled at a rollover, following three consecutive months of declines. Settlements between three buyers and one seller were...
Urea demand dries up for December-January 2026
LONDON (ICIS)--The outlook is weak for urea as buying interest remains sparse across regions due to oversupply and delayed demand, while Indian requirements are already satisfied. Buying slows toward...
Swiss researchers glad to have rejoined EU science schemes but ponder damage of exclusion
The country officially rejoined Horizon Europe and a range of other programmes in November but what did it cost its science base?
Asia C12 lauric acid sees demand as feedstock PKO rises in Indonesia
SINGAPORE (ICIS)--Asia fatty acids market is seeing increased demand for C12 lauric acid, as prices bottom out, prompting Chinese buyers to stock up ahead of the Lunar New Year holidays, which falls...
ICIS TTF Early Day assessments: 5 December 2025
- Planned maintenance has rendered 28.4mcm/day offline on 5 December - Gassco - Chevron has taken a final investment decision on the A$3 billion Gorgon Stage 3 backfill off Western Australia,...
India central bank cuts interest rates; hikes full-year GDP growth forecast
MUMBAI (ICIS)--India’s central bank on Friday reduced its benchmark interest rate for the fourth time in the current calendar year to support the economy, while it revised up its GDP growth...
China’s average PTA plants’ run rate flat; three units to restart in H2 Dec
SINGAPORE (ICIS)--China’s purified terephthalic acid (PTA) plants posted an unchanged average operating rate, because domestic operating plants were under stable operations. In the week ended 5...
China’s average PX plants’ run rate stable; Fujia Dahua eyes end-Dec restart
SINGAPORE (ICIS)--China’s para-xylene (PX) plants posted an unchanged average operating rate due to stable operations at domestic units. In the week ended 5 December, the plants’ average run rate...
INSIGHT: Global ammonia edges up on tight supply; Feb prices may ease
SINGAPORE (ICIS)--Key global ammonia prices are forecast to rise further for the rest of December and into January 2026 amid tight supply and firm demand primarily from India before easing from...
China PET export prices rebound on stronger PTA; rising freight rates dampen buying
SINGAPORE (ICIS)--China’s polyethylene terephthalate (PET) export prices rebounded during the week in line with higher feedstock purified terephthalic acid (PTA) values, although the recent rising...
Italian PSV Day-ahead contract could rise amid higher gas-fired generation demand
Gas-fired power generation expected to increase in December amid risk of lower renewable generation PSV Day-ahead delivering higher than December '25 expiry, keeping high premium over Dutch TTF...
UK likely to fall short of 2030 offshore wind capacity target range
UK likely to miss its 2030 offshore wind target despite recent project progression ICIS Analytics forecast 37.4GW of offshore wind capacity in 2030 under a base case scenario, short of the 43-50GW...
Plant status: Dairen Chem Singapore ramping up VAM unit in December
SINGAPORE (ICIS)--Here is a plant status report: Name: Dairen Chemical Location: Jurong Island, Singapore Product: Vinyl acetate monomer (VAM) Capacity (tonnes/year): 350,000 Event start: 1 December...