Industry News
Chemical Industry News
Iran’s Iranol issues Group I base oils sales tender for Jan 2026
SINGAPORE (ICIS)--Iran's Iranol issued a Group I base oils sales tender for export comprising bulk lots of SN150, SN600, and BS150. 3,000 tonnes of SN150, 2,000 tonnes of SN600, and 1,000 tonnes of...
Iran’s Sepahan issues Group I SN500 base oils tender for Dec 2025/Jan 2026
SINGAPORE (ICIS)--Iran's Sepahan Oil Company issued a Group I SN500 base oils tender for export on 23 December, according to market sources. A bulk lot totaling 12,000 tonnes of SN500 was initially...
European Commission opens public consultation on SUPD impact
LONDON (ICIS)--The European Commission presented an early Christmas present to the European plastics market before it closed for the holiday period by opening a public consultation on the impact of...
Europe PBT prices stable in Q4
LONDON (ICIS)--Prices of polybutylene terephthalate (PBT) in Europe, across all grades, have remained steady from Q3 to Q4. Availability continues to be ample for market participants, both from...
Plant status: S Korea’s OCI lowers plasticizers ops to around 45% in Dec
SINGAPORE (ICIS)--Here is a plant status report: Name: OCI Company Location: Pohang, South Korea Product: Plasticizers Capacity (tonnes/year): 120,000 Event start: December 2025 Event finish: Unknown...
OUTLOOK ’26: New US capacity, EU CBAM set to reshape global ammonia market in 2026
LONDON (ICIS)--Further production coming on stream and the Carbon Border Adjustment Mechanism (CBAM) coming into full force are expected to be key drivers for the ammonia market in 2026. Tight supply...
OUTLOOK ’26: Volatility ahead for urea as trade patterns shift
LONDON (ICIS)--The global urea market is set for another turbulent year in 2026, as rising costs, weaker crop prices, tightening regulations, geopolitical uncertainty and shifting trade flows...
OUTLOOK ‘26: Asia TiO2 to see effects of oversupply with demand set to remain sluggish
SINGAPORE (ICIS)--Asia’s titanium dioxide (TiO2) spot market is set to see the impact of oversupply continuing into 2026 with demand not expected to experience a dramatic recovery for H1 2026 at...
OUTLOOK ‘26: Europe base oils Group II supply could grow, Group III imports likely to be reduced
LONDON (ICIS)--European base oils Group II availability could increase with global capacity increases, while the Group III market is likely to see fewer imports in H1 2026 compared to H1 2025. Group...
Morocco interactive fertilizer trade flow map January-October 2025
LONDON (ICIS)--Morocco's Office des Changes has released fertilizer trade data for January-October 2025. Select a product from the drop-down menu...
YEAR IN REVIEW: Nordics maintain strong net power export position in 2025
Nordic power exports have been rising since September, averaging 6.94GW so far through December Nordic wind sector showed mixed progress in 2025, with Danish 3GW CfD re-tender, continued Swedish...
Draft waste framework act could stop pyrolysis oil counting as recycling
LONDON (ICIS)--The EU Commission has released a consultation on a draft implementing regulation under the Waste Framework Directive that appears to explicitly exclude pyrolysis oil from meeting...
OUTLOOK ’26: Europe’s OX buyers to rely less on contract deliveries in pivot to spot volumes
LONDON (ICIS)--Europe's orthoxylene (OX) buyers are pursuing greater flexibility and lower prices in 2026, with a growing number betting on the spot market to achieve those goals. US tariffs on...
OUTLOOK ’26: Europe bio-naphtha supply remains tight on fuel mandates
LONDON (ICIS)--Europe used cooking oil (UCO) derived bio-naphtha is expected to remain tight in 2026 amid growing demand from the fuel sector to meet Renewable Energy Directive (RED) III blending...
Maire sells 7.9% stake in Nextchem subsidiary to Azzurra Capital
LONDON (ICIS)--Maire has completed the transfer of a 7.9% stake in sustainable fuels and circular economy engineering subsidiary Nextchem to Azzurra Capital, the firm said on Tuesday. The firm...
Plant status: Saudi Arabia’s SEPC schedules HDPE, LDPE turnarounds for late January
LONDON (ICIS)--Here is a plant status report: Name: Saudi Ethylene and Polyethylene Co (SEPC) Location: Al-Jubail, Saudi Arabia Product: High-density polyethylene (HDPE), Low-density polyethylene...
China’s DAP exports contract sharply despite Ethiopian demand
LONDON (ICIS)--China’s diammonium phosphate (DAP) exports fell 23.6% year on year to 3.32 million tonnes in January-November 2025, a drop of over 1 million tonnes versus 2024 levels. This was...
India heavily reliant on Russia for NPK, Saudi for DAP in Jan-Oct 2025
LONDON (ICIS)--Indian diammonium phosphate (DAP) imports surged 61% year on year to 5.16 million tonnes in January-October 2025. This represents an increase of 1.96 million tonnes tonnes versus 2024...
OUTLOOK ’26: Europe ethanolamines adjusting to renewed import pressures as tough fight for market share continues
LONDON (ICIS)--Supply related pressures are expected to linger in the European ethanolamines market into 2026, while demand is not expected to see significant changes from much of 2025. In spite of a...
YEAR IN REVIEW: Hungarian Day-ahead weaker in 2025 amid greater renewables supply
Through this year the Hungarian Day-ahead and Weekend averaged lower than the Year 2025 expiry The Day-ahead price peaked on 14 January supported by low German wind The...