Industry News
Chemical Industry News
Plant status: Japan’s Mitsui Chemicals shuts MIBK unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Mitsui Chemicals Iwakuni Location: Iwakuni, Japan Product: Methyl isobutyl ketone (MIBK) Capacity (tonnes/year): 30,000 Event start: 14 June...
French biogas group calls for extended CPB trajectory and regulatory adjustments
This story is part of the ICIS biomethane report, which we are currently testing with our customers. You can access the latest version of the test report here. LONDON (ICIS)--France’s Club Biogaz...
China May BG, BDG imports plunge 50.4% to record low on Middle East logistics disruptions
SINGAPORE (ICIS)--China's imports of butyl glycol (BG) and butyl diglycol (BDG) fell by 50.4% month on month in May to 3,900 tonnes, the lowest level in at least a decade, according to official...
Mideast conflict to have limited impact on Wanhua Chem – Moody’s
SINGAPORE (ICIS)--The Middle East conflict is not expected to materially disrupt Wanhua Chemical's operations or financial performance, given the company's diversified feedstock sources, Moody's...
Germany’s “Sudbonus” could put security of supply in east and northern regions at risk, change is needed – industry
Germany’s “Sudbonus” faces heavy criticism from industry in the east The bonus mechanism could result in a higher allocation in the south, with limited impact on power prices, but possibly...
GCC PVC market remains cautious amid improving supply outlook
MUMBAI (ICIS)--Polyvinyl chloride (PVC) spot availability in the Gulf Cooperation Council (GCC) region improved in the week ended 19 June 2026 as suppliers anticipated a gradual easing of shipping...
Spanish biogas association calls for amendments to biomethane quota system
This story is part of the ICIS biomethane report, which we are currently testing with our customers. You can access the latest version of the test report here. LONDON (ICIS)--The Spanish Biogas...
China’s Bohai Chemical gets on-spec products from new AA plant
SINGAPORE (ICIS)--China’s Bohai Chemical has officially inaugurated its 160,000 tonne/year acrylic acid (AA) plant in Tianjin and achieved on-spec production on 16 June, the company said in a stock...
India PVC demand subdued as falling crude, monsoon slowdown weigh on buying
MUMBAI (ICIS)--India’s polyvinyl chloride (PVC) market remained under pressure this week as a sharp decline in crude oil prices and weak seasonal demand kept buyers on the sidelines. Deals and...
US-Iran talks in Switzerland make “good progress” and techincal discussions to continue
Joint mediators Pakistan and Qatar cute progress Iran's foreign minister also remarks on on steps takem Technical level talks to continue in Switzerland SINGAPORE (ICIS)--Iran and the US will...
S Korea solvent MX export prices slip on weaker H2 Jul offers, slow offtake
SINGAPORE (ICIS)--Spot export prices for South Korea-origin solvent-grade mixed xylenes (MX) declined in the week ended 19 June, tracking softer seller indications and persistently weak buying...
Asia chemical shares mixed as US-Iran talks progress
SINGAPORE (ICIS)--Asian chemical shares were mixed amid progress made in US-Iran talks in Switzerland, with the first day of negotiations having concluded according to a joint Qatar-Pakistan...
S Korea MX export prices firm on higher July bids, upstream gains
SINGAPORE (ICIS)--Spot export prices for South Korea-origin isomer-grade mixed xylenes (MX) rose day on day on 19 June, supported by increase in upstream values and buying interest for second-half...
Oil prices ease on signs of progress in US-Iran talks
SINGAPORE (ICIS)--Oil prices eased in early trade on Monday after Iran and the US agreed on a roadmap towards reaching a final deal to end the war within 60 days, according to a joint statement
China domestic OX prices fall by CNY300/tonne on week
SINGAPORE (ICIS)--China domestic orthoxylene (OX) prices stood at yuan (CNY) 8,800/tonne EXWH (ex-warehouse) for the week ended 19 June, down by CNY300/tonne compared to the previous week. Prices...
Weak demand for 2-EH to persist; prices fall to over 3-month low
SINGAPORE (ICIS)--Weak demand has driven 2-ethylhexanol (2-EH) prices to lowest in more than three months across Asia on 18 June and buyers are expected to hold off on new purchases in the coming...
S Korea 1-20 June PX exports up 20.3% month on month
SINGAPORE (ICIS)--South Korea exported a total of around 229,622 tonnes of paraxylene (PX) during 1-20 June, up by 20.3% compared to the same period in the previous month, according to estimates from...
Petrobras approves plans to build renewable jet fuel plant in Brazil
HOUSTON (ICIS)--Petrobras made on Friday a final investment decision (FID) to build a renewable jet fuel and diesel plant in Brazil for $1.2 billion. The plant will be in the company's Presidente...
NYMEX: Henry Hub futures trading on hold for Juneteenth
Front-month US natural gas futures did not settle on 19 June due to the Juneteenth federal holiday The July 2026 Henry Hub contract on NYMEX last settled at $3.233/MMBtu on 18 June US natural gas...
CRUDE SUMMARY: Crude benchmarks rise on uncertainty about next phase of Middle East peace process
Setback to US-Iran peace deal after Swiss talks canceled Israel-Hezbollah ceasefire confirmed, despite recent clashes OPEC published bullish global demand outlook LONDON (ICIS)--Oil prices were up as...