Industry News
Chemical Industry News
Asia rPET trade continues to wind down on weak buying
SINGAPORE (ICIS)--Asian producers of recycled polyethylene terephthalate (rPET) have seen fewer orders for December deliveries as more buyers conclude their order books. Thailand, Malaysia and...
S Korea Nov petrochemical exports fall 14.1%; PMI contracts
SINGAPORE (ICIS)--South Korea’s petrochemical shipments in November fell by 14.1% year on year to $3.06 billion, while semiconductor exports remained robust, official data showed on Monday. Lower...
China’s average MTBE plant run rate edges down to 60.6% on plant turnaround
SINGAPORE (ICIS)--The average run rate of China’s methyl tertiary butyl ether (MTBE) plants was slightly down to 60.6% in the week ended 28 November, amid Sinochem Quanzhou's plant was shut for...
WACKER specifies savings targets
In view of the tense business situation, WACKER launched a project called PACE in October to make significant cost savings in its production environment and administration setup. As already announced when the figures for the
Global hydrogen market: Uniper and thyssenkrupp Uhde conclude framework agreement on the use of ammonia splitting technology
Uniper and thyssenkrupp Uhde have signed a framework agreement that lays the foundation for the construction of commercial ammonia cracking plants. Uniper has secured license packages for the use of thyssenkrupp Uhde's ammonia cracking technology.
New electrochemical strategy boosts uranium recovery from complex wastewater
Researchers have unveiled a promising new method that could transform how uranium is recovered from challenging wastewater streams. By combining a specially engineered covalent organic framework with an indirect electrochemical process, the approach delivers high
S Korea Nov PX exports down 4.75% on month, slight run rate cutbacks
SINGAPORE (ICIS)--Exports of paraxylene (PX) from South Korea for November loading was down by 4.75% month on month, amid mounting cost pressure from the co-product benzene markets. 87% of its total...
China manufacturing PMI contracts in Nov as weak demand bites
SINGAPORE (ICIS)--China’s manufacturing sector remained in struggling as sluggish demand continues. The Purchasing Managers’ Index (PMI) conducted by official and private surveys both landed in...
China’s average run rate of PO plants edges down to 69.0% on plants shutdown
SINGAPORE (ICIS)--China’s propylene oxide (PO) plants posted an average run rate at 69.0% in the week ended 28 November 2025, down by 1.1 percentage points from the last reporting period, ICIS data...
Mixed PE prices in Pakistan ahead of year-end lull
DUBAI (ICIS)--Polyethylene (PE) prices in the Pakistani market followed mixed-price directions during the week ended 28 November 2025, depending on the grade. Low-density polyethylene (LDPE) film...
CRUDE SUMMARY: CME outage impacts WTI trading, Brent relatively unchanged on front-month contract expiry
WTI trading impacted by CME outage Brent and WTI on track for four consecutive months of losses US oil rig count down 12 to 407 – Baker Hughes LONDON (ICIS)— Brent crude was relatively unchanged...
Europe BPA spot liquidity low, but some import delays in the mix
LONDON (ICIS)--Europe bisphenol A (BPA) spot stable to soft in a generally slow market at year end. Liquidity is low, but some import delays have triggered some prompt needs into the epoxy sector...
ICIS GAS INSIGHT WEEK 48 NEWS IN BRIEF
This news summary was generated via Ask ICIS LONDON (ICIS)--Please find below a short summary of the key gas stories ICIS published in week 48. German gas and power traders warn of tail risk as
ICIS POWER INSIGHT WEEK 48 NEWS IN BRIEF
This news summary was generated via Ask ICIS LONDON (ICIS)--Please find below a short summary of the key power stories ICIS published in week 48. Regulation reform could help the UK regain momentum...
VTP premium set to hold amid strong flows in December, short-term upside risk
VTP December ‘25 premium to TTF up since September Strong flows east and west to keep VTP supported in December “Quick spike followed by normalization” likely amid continued geopolitical...
Europe December BPA formula contracts up for second month on costs
LONDON (ICIS)--Europe bisphenol A (BPA) formula contract prices have edged up in December, reflecting the second consecutive monthly increase, on the back of firmer upstream phenol costs. The BPA...
Canada avoids technical recession as Q3 GDP grows 0.6%
TORONTO (ICIS)--Following a 0.5% Q2 decline, Canada’s real gross domestic product (GDP) increased 0.6% quarter on quarter in Q3, meaning that the country avoided a technical recession. Expressed...
FORTNIGHTLY MARKET COMMENT: Belgium spot rises amid higher demand
LONDON (ICIS)--Belgium’s ZTP spot gas price over 13-27 November increased its average value compared with the previous fortnight amid higher demand. The Day-ahead contract averaged €30.309/MWh...
FORTNIGHTLY MARKET COMMENT: NBP spot and curve contracts diverge amid short term peak in demand and easing geopolitical outlook
LONDON (ICIS)--Key contracts at the British NBP hub followed a general bearish trend during the 13-27 November period in line with the European benchmark TTF except for the NBP Day-ahead which...
WEEKLY GAS OUTLOOK: European gas hubs may ease further in week 49 on warmer temperatures, robust LNG flows
FRANKFURT (ICIS)--European spot gas prices are likely to ease further in Week 49 as temperatures run 1–3°C above average across most of the continent (excluding Iberia), likely lowering heating...