Industry News
Chemical Industry News
PODCAST: Chronic oversupply will push crude oil prices below $60/barrel in 2026
BARCELONA (ICIS)--Despite widespread geopolitical instability around the world, the most severe period of crude oil oversupply will depress prices, latest ICIS forecasts show. For 2026, global oil...
Indian exports rise 1.9% in December, trade deficit widens
MUMBAI (ICIS)--India’s goods exports in December grew by nearly 1.9% year on year to $38.51 billion, while the trade deficit widened to $25.04 billion, official data showed. The trade deficit in...
Plant status: Orlen plans spring turnaround at Plock, Poland cracker – sources
LONDON (ICIS)--Here is a plant status report: Name: Orlen Location: Plock, Poland Products: ethylene, propylene, butadiene Capacity (tonnes/year): 700,000 (ethylene), 385,000 (propylene), 70,000...
DOMO’s German operations continue as state intervenes
LONDON (ICIS)--Production at DOMO Chemicals’ German plants is continuing at minimal levels after the state government ordered their continued operation, citing safety concerns, the company’s...
PV products tax rebate cut triggers China EVA market trade flow
SINGAPORE (ICIS)--China’s cancelation of photovoltaic (PV) export tax rebates at the start of 2026 has prompted a significant shift in the ethylene vinyl acetate (EVA) market, reshaping the...
GAS ALERT: Latvia’s Incukalns gas storage withdrawal capacity revised down as stocks deplete
LONDON (ICIS)-- Latvian gas storage operator Conexus has significantly revised down withdrawal capacity at its Incukalns facility as stocks have depleted, an urgent market message from Thursday...
Asia VCM market sentiment improves, but buyers avoid spot commitments
SINGAPORE (ICIS)--Sentiment in the Asian vinyl chloride monomer (VCM) market has been buoyed by recent downstream bullishness. There has been a rise in prices of major derivative polyvinyl chloride...
Asia’s caustic soda conditions still healthy, unfazed by policy actions in China
SINGAPORE (ICIS)--Caustic soda prices in Asia are seeing little effect from policy actions in China. Domestic conditions in China were unaffected by the possibility of increased electricity costs for...
TTF March-April ’26 spread trade may be ‘widow maker’ amid heightened volatility, traders warn
LONDON (ICIS)--The TTF March ’26 to April ’26 spread is likely to experience volatility over coming weeks as March reacts to winter weather fundamentals while Q2 dynamics remain stable. ICIS...
China’s domestic sulphur rises further on more buying interest
SINGAPORE (ICIS)--China’s domestic sulphur prices continued to rise as more enquiries took place. Sellers were less inclined to move out cargoes on bullish market expectations. They actively raised...
LNG SPOTLIGHT: TTF-East Asian LNG price correlation to keep strong in 2026
LONDON (ICIS)--European TTF gas and Asian spot LNG markets were closely aligned in 2025, with a high correlation and narrowing price variation reinforcing a structurally tighter inter-basin...
China’s domestic urea prices rise on improved trading
SINGAPORE (ICIS)--China’s domestic urea prices increased as trading activity improved. The surge in urea futures prices on 14 January stimulated trading activities. Traders increased purchases...
Landmark €4.55 billion investment in Ireland’s research sector and universities announced
Plan targets research, education and innovation
Haltermann Carless completes divestment of production site in USA
Haltermann Carless has completed the divestment of its manufacturing facility in Manvel, Texas, USA. The site has been decommissioned and transferred to the new owner. The transaction was completed at the end of 2025. This
Change of leadership at ViscoTec
After exactly 23 years with the company, Technical Managing Director Martin Stadler is leaving ViscoTec. Overall responsibility will be assumed with immediate effect by the previous Commercial Managing Director, Franz Kamhuber, who thus stands for
Important new source of oxidation in the atmosphere found
Hydroperoxides are strong oxidants that have a significant influence on chemical processes in the atmosphere. Now, an international research team involving the Leibniz Institute for Tropospheric Research (TROPOS) has shown that these substances also form
PerPlacsBio Launched: Biodegradable Plastics Transform Agriculture and Forestry
The University of Münster, the University of Applied Forest Sciences Rottenburg and the nova-Institute have launched the project PerPlacsBio – Prospects for bio-based and biodegradable plastics in agriculture and forestry. The project is funded by
US Nov retail sales rise 0.6% from Oct, faster than expected
HOUSTON (ICIS)--US retail and food services sales were $735.9 billion in November - up 0.6% month on month (October: -0.1%), and up 3.3% year on year from November 2024, the US Census Bureau reported...
OUTLOOK FOR 2026: Upside risk for Italian power prices amid bullish gas and carbon picture
ICIS predicting bullish gas and carbon prices in Q1 2026 This is likely to support Italian power prices due to country’s reliance on gas-fired generation Growing solar capacity will pressure...
BP to book up to $5bn Q4 write-down for green business
LONDON (ICIS)--BP is set to absorb a $4-5 billion post-tax impairment for its fourth-quarter 2025 financial results, primarily driven by the performance of its transition business, encompassing green...