Industry News
Chemical Industry News
GAS ALERT: Griffin Markets goes live on BBL IAM platform, expanding TTF–NBP capacity booking options
LONDON (ICIS)--BBL Company said Griffin Markets will go live on 27 January as the second broker connected to its Implicit Allocation Mechanism (IAM) platform, following the initial launch with...
Australia urea imports rise in November 2025 after buyers step in at lower levels
LONDON (ICIS)--In Australia, urea imports increased in November 2025 to 194,356 tonnes compared to 53,612 tonnes in November 2024, according to customs data, as buyers moved earlier than usual in...
Europe MEG demand remains structurally soft, US tariff uncertainty continues
LONDON (ICIS)--The outlook for the European monoethylene glycol (MEG) market is downbeat as long-term consumption is in decline and EU-US trade disputes and tariff uncertainties have caused some...
Carbon border taxes may do more harm than good
Industry argues UK proposals are flawed and will not promote decarbonisation
Lithuania’s LNG terminal kicks off open season for long-term capacity
Klaipeda operator to offer a capacity based on multi-user model CEE companies eye terminal for diversification of supply and routes Terminal may benefit from increased Polish export capacity to...
Spanish LNG arrivals could hit January five-year low, supporting PVB prompt
PVB Day-ahead premium to PEG could remain wide to encourage spot volumes amid depleting tanks January storage obligation reduced by 15% on 24 January (Enagas) could foster sendout Above-norm winds,...
Europe benzene spot prices spike to 16-month high on supply concerns
LONDON (ICIS)--Spot trade surged in Europe late in the week ended 23 January, as the benzene contract window for February opened. That surge helped drive a spike in prices to the highest level since...
EU new car registrations up 1.8% in 2025, well below pre-pandemic – ACEA
LONDON (ICIS)--New car registrations in the EU increased by 1.8% year on year in 2025, but were still well below pre-pandemic levels, according to the latest data from the European Automobile...
PODCAST: Lithuania’s LNG terminal operator CEO lines up long-term plans after record-breaking year
LONDON (ICIS)--Lithuania’s offshore Klaipeda LNG terminal had a record year in 2025. Operator KN Energies anticipates an even better year in 2026. It has launched an open season for long-term...
Europe acetic acid January contract talks near end, Q1 negotiations continue
LONDON (ICIS)--European acetic acid contract price talks for January are close to conclusion, with rollovers heard for agreements that have already been fixed. Q1 negotiations are underway, but are...
Sabic offloads petrochemicals and plastics plants in Europe and Americas
German private equity firms Aequita and Mutares aim to return struggling plants to profitability
Brexit led to decline in UK participation in EU research programmes, report finds
Researchers decry difficulties joining international collaborations following 2016 referendum vote
BASF explores options for biometric imaging business
LONDON (ICIS)--BASF is considering strategic options, including the potential sale of trinamiX, a subsidiary that specializes in biometric imaging and mobile material analysis, the Germany-based...
FBMC WEEKLY: Cold, low wind output in Germany could support French power imports in week 5
LONDON (ICIS)--The German-French spot power price spread could widen through week 5 as France is forecast to maintain its position as the cheapest market in the flow-based market coupling (FBMC)...
Romania’s BRM to introduce new gas contracts including Weekend from early February
BRM to introduce new gas contracts from February Weekend and Monday offerings to bring Romanian hub in line with others in region Less trader time on screen over weekend required LONDON...
Romanian gas trade licensing rules may hit market liquidity – sources
Romania's new licensing regulations clash with EU rules for unilateral recognition Latest order an 'improvement' on previous initial draft Regulation adopted amid concerns over small companies with...
Australian LNG heads to Atlantic, possibly Europe
Two Australian LNG loadings could be heading to Atlantic basin This is not exceptional but is unusual given longer shipping Could reflect weak shipping, and limited Asian spot LNG demand LONDON...
Europe MPGI consumption on a rising trend
LONDON (ICIS)--Demand for European industrial grade monopropylene glycol (MPGI) used in de-icing applications has strengthened in recent weeks, a trend that is expected to underpin overall...
MARGINS: Europe PE margins up despite rising feedstock, gas costs
LONDON (ICIS)--Margins at polyethylene (PE) plants in Europe increased week on week due to higher product and co-product pricing, ICIS Margin Analysis showed on Monday. The increases were mitigated...
Urea price increase catches market off guard
LONDON (ICIS)--Persistent demand from the US, renewed activity from traders for Europe and Australia along with short covering for India and talk of another import tender have boosted urea prices to...