Industry News
Chemical Industry News
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...
Plant status: Singapore’s Aster may keep BD unit shut for longer
SINGAPORE (ICIS)--Here is a plant status report: Name: Aster Chemicals and Energy Location: Pulau Bukom, Singapore Product: Butadiene (BD) Capacity (tonnes/year): 185,000 Event start: Early August...
Plant status: S Korea’s LG restarts Daesan BD unit
SINGAPORE (ICIS)--Here is a plant status report: Name: LG Chem Location: Daesan, South Korea Product: Butadiene (BD) Capacity (tonnes/year): 170,000 Event start: Mid-October 2025 Event finish: Early...
Plant status: Japan’s Mitsui Chemicals MIBK unit fully ramps up after restarting
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: H2...
China still the LNG heavyweight despite import drop – panel
SINGAPORE (ICIS)--China will remain a crucial node for global LNG flows, despite mellow economic outlooks and subsequently flat LNG consumption projections, according to speakers at Commodities Asia...
East China MEG inventories increase slightly on moderate import arrivals
SINGAPORE (ICIS)--Monoethylene glycol (MEG) inventories in east China increased to 696,000 tonnes on 5 December, up by around 2.1% from 28 November, ICIS data showed, due to moderate import arrivals....
Plant status: India’s RIL to restart Dahej PTA unit in H2 Dec
SINGAPORE (ICIS)--Here is a plant status report: Name: Reliance Industries Limited (RIL) Location: Dahej, India Product: Purified terephthalic acid (PTA) Capacity (tonnes/year): 1.3 million Event...
East China acetone inventories up by 6.5% to 24,500 tonnes
SINGAPORE (ICIS)--Acetone inventories at Jiangsu ports in east China have increased to 24,500 tonnes in the week ended 5 December, ICIS data showed on Friday. The inventories were up by 6.5% from...
Plant status: China’s Shiyou Chem to shut phenol/acetone unit for maintenance
SINGAPORE (ICIS)--Here is a plant status report: Name: Shiyou Chemical Location: Yangzhou, Jiangsu, China Product: Phenol and acetone Capacity (tonnes/year): 220,000 of phenol and 130,000 of...
East China DEG inventories fall on stronger buying
SINGAPORE (ICIS)--Diethylene glycol (DEG) inventories at Jiangsu in east China fell by 8% from last Friday, because buying activities increased. The total inventories were at 38,500 tonnes on 5...