Industry News
Chemical Industry News
US, Argentina sign trade deal focused on critical minerals, beef access
SAO PAULO (ICIS)--The US and Argentina have ratified the trade deal agreed in November which is set to eliminate tariffs on hundreds of products while expanding US beef access to the South American...
Tight European acetone supply drives spot prices higher
LONDON (ICIS)--Europe's acetone spot truck prices were higher again this week as spot volumes remained limited in a tight market. Average prices are now around 70% higher than what they were at the...
Romanian government publishes ordinance capping gas and power trading margins, subsequently deletes
Romanian government proposes capping trading margins at 3% Document quickly deleted but traders expect few if any changes Could severely impact Romanian gas and power trading liquidity LONDON...
GAS ALERT: Italian Snam to offer new counterflow service
MILAN (ICIS)--Italian gas transmission system operator (TSO) Snam has announced a new storage services counterflow which will be offered from today, 6 February. The service provides the implicit...
ICIS POWER INSIGHT WEEK 6 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 6. FBMC WEEKLY: Hungary likely to remain at a premium to...
US consumer sentiment ticks up, but worries about jobs and high prices remain widespread
HOUSTON (ICIS)--US consumer sentiment improved slightly in February but remained low from a historical perspective, the University of Michigan said in its preliminary February consumer sentiment...
ACER approves change to avoid price-adjustments in certain market-decoupling events
ACER approves changes to avoid triggering price adjustments in specific market-decoupling situations It applies to events where a partial decoupling occurs in a bidding zone with multiple nominated...
French contango disappears as traders eye tighter nuclear margins in 2027
Contango on French calendar power forwards disappeared on 28 January Rising risk on Cal ’27 contract amid factors, ICIS heard ICIS forecasts still point to contango on higher reactor modulation to...
GAS ALERT: Snam postponed March planned maintenance restoring Italy’s full export capacity to Austria
LONDON (ICIS)--Italy’s transmission system operator (TSO) Snam has postponed a previously scheduled maintenance on the Italian grid that would have disrupted export capacity to Austria at the...
German chemical industry wage bargaining to resume on 23 February
LONDON (ICIS)--Collective wage bargaining for the 585,000 employees in Germany’s chemical-pharmaceutical industry will resume on 23 February after this week's first round of talks failed to yield...
PSV-TTF mechanism ready and on track for approval
PSV-TTF spread cap mechanism ready to be approved according to ministerial sources Government considers it part of structural measures to lower energy costs in Italy Prime Minister aims to present...
Covestro, Fertiglobe, and TA’ZIZ, sign MoU on ammonia supply
LONDON (ICIS)--Covestro, Fertiglobe and Abu Dhabi‑based TA’ZIZ have signed a memorandum of understanding (MoU) to explore cooperation across the ammonia and nitric acid value chains, the...
Germany’s EV production forecast to increase 6% in 2026, following record 2025
LONDON (ICIS)--Germany’s production of electric vehicles (EVs) is expected to increase 6% in 2026, according to projections by German auto industry trade group VDA. The increase would come after...
Germany December production falls 1.9%, chemicals down 2.4%
LONDON (ICIS)--Following three monthly increases, Germany’s overall production from industry, energy and construction fell 1.9% month on month in December, according to government statistical data...
Europe olefins spot price ideas firm on better fundamentals as turnarounds near
LONDON (ICIS)--Ethylene and propylene sellers’ spot price ideas are rising as supply–demand balances improve, supported by earlier production constraints ahead of the planned cracker maintenance...
Plant status: China’s Tongling Jintai Chemical shuts propylene glycol unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Tongling Jintai Chemical Location: Tongling, China Product: Propylene glycol Capacity (tonnes/year): 100,000 Event start: 3 February Event...
WEEKLY POWER OUTLOOK: Very low wind output through start of week 7 likely to boost German power spot prices
By Anna Coulson and Gemma Blundell-Doyle LONDON (ICIS)–Very low wind power production through the start of week 7 is likely to be a bullish driver for German power spot prices. WEATHER OUTLOOK The...
PODCAST: Light at the end of the tunnel for economy, but Europe chemicals still in crisis
BARCELONA (ICIS)--Improving sentiment in manufacturing, especially in the US, raises hopes of a turning point – but industry needs strong action to save it, especially in Europe. Big jump in US...
Short term outlook firm for urea despite medium term headwinds
LONDON (ICIS)--The outlook for urea’s price direction remains upward in the short term, even after the recent unprecedented price surge driven by expectations that India may soon issue an import...
GAS ALERT: Deutsche ReGas extends Mukran LNG terminal outage to 7 February
FRANKFURT (ICIS)--Deutsche ReGas has extended the period of sharply reduced entry capacity at Germany’s Mukran LNG terminal until 7 February citing adverse weather conditions, according to a GIE...