Industry News
Chemical Industry News
Europe phenol formula contract up for December, on upstream benzene gains
LONDON (ICIS)--The Europe December phenol contract price has moved up, mirroring increases in upstream benzene contract costs. The European benzene December contract price has settled at...
Europe methanol spot prices stable to firm, oversupply continues to dominate market
LONDON (ICIS)--European methanol spot prices were stable to firm in a limited trading week. Buying appetite remains lackluster in the European methanol market, with prices stabilizing at around...
Canada wants Nutrien to backtrack on planned US investment
TORONTO (ICIS)--The premier (governor) of Canada’s British Columbia province wants fertilizer major Nutrien to build its planned new potash export facility at a Canadian west coast port, rather...
WEEKLY POWER OUTLOOK: European front-week power contracts jump on low wind, cold temperature risk
Additional reporting by Samya Nabi LONDON (ICIS)--French, German, Italian, Hungarian and UK front-week power contracts all displayed bullish momentum on Friday morning as recent weather forecasts...
GAS ALERT: French TSO extends limitations to Fos LNG terminals sendout
Fos terminals LNG sendout restrictions extended to 31 August 2026 Outage impact now stretches into injection season Forward curve remains stable for now LONDON (ICIS)--The French gas grid operator on...
Europe ACN December contract price climbs on ammonia gains
LONDON (ICIS)--The formula-based Europe acrylonitrile (ACN) contract average price for December climbed by €20/tonne, after a rollover in the contract price of feedstock propylene and a rise in the...
Asia Group II base oils light-heavy market divergence to endure; expansions on the horizon
SINGAPORE (ICIS)--Asian base oils market is expected to see continued near-term support for light-grade 150N base oils, while 500N/600N will likely slump further. October/November gasoil rally,...
Novapet, Spain, to focus on specialty PET applications and captive operations
LONDON (ICIS)--Due to exceptionally difficult circumstances in the European polyethylene terephthalate (PET) industry, Novapet, in Barbastro, Spain has decided to concentrate on its expanding...
Plant status: Huntsman shuts larger MDI line in Rozenburg
LONDON (ICIS)--Here is a plant status report: Company: Huntsman Location: Rozenburg, the Netherlands Product: Methylene diphenyl diisocyanate (MDI) Capacity (tonnes/year): 350,000 (Unit 2) Event...
Europe December acetone MMA contract price stable on unchanged propylene
LONDON (ICIS)--The Europe acetone methyl methacrylate (MMA) contract price has remained unchanged for December, echoing the stability in upstream propylene costs. The Europe acetone MMA contract...
FORTNIGHTLY MARKET COMMENT: PVB Day-ahead discount to TTF narrows amid cold weather, French regulator firm monthly auctions stops in Winter
LONDON (ICIS)--The Spanish PVB Day-ahead recorded losses in line with TTF between 13 November and 27 November, averaging €29.926/MWh in the period. The contract’s discount to the TTF narrowed...
LNG spot charter rates begin to soften into early 2026
Atlantic spot rates have fallen as most activity is shifting to January More vessels are positioned and available in the basin versus last week Sources expect focus on prompt market to mean risk of...
European ethylene oxide December contract price rolls over from November
LONDON (ICIS)--The European ethylene oxide (EO) December contract price was assessed flat following the settlement of the upstream ethylene contract. The European ethylene contract reference price...
EUROPEAN GAS STORAGE UPDATE: Net withdrawals ramp up on short-lived cold snap in mid-November
LONDON (ICIS)--Cold weather in the second half of November, coupled with muted renewable generation prompted shippers to withdraw considerably more gas than in the previous fortnight. Following weeks...
International student levy worries universities as budget contains little new for research
Levy of £925 per overseas student would fund disadvantaged students but there are concerns it could have an unpredictable effect on student numbers
Europe November PX contract price rises €15/tonne, first increase since June
LONDON (ICIS)--The European paraxylene (PX) contract price for November has settled at an increase of €15/tonne month on month, the first rise after four consecutive months of declines. A firmer...
Europe rHDPE non-packaging grade pellet prices fall; packaging grades stable
LONDON (ICIS)--Recycled high density polyethylene (rHDPE) general purpose and pipe grade pellet prices fell on the high end of the range in November, as packaging grades remained stable despite talk...
Taking aerogel insulation from spacecraft to living space
Nanoplume’s bio-based materials are super-insulating but also cheap and scalable
HYDROGEN: EU commits €600 million to alternative fuel projects
LONDON (ICIS)--The European Union announced on 17 November more than €600 million in grants to 70 projects aimed at accelerating the deployment of alternative fuel infrastructure across the bloc....
ICIS launches additional adipic acid monthly contract price assessments
LONDON (ICIS)--ICIS has introduced additional monthly adipic acid (ADA) contract price assessments to reflect net price levels. The starting assessed range for the ADA FD (free delivered) NWE...