Industry News
Chemical Industry News
New hydro projects in Ukraine to limit imports from CEE – traders
Ukrainian hydropower producer, Ukrhydroenergo, seeks partners for new hydropower units New units could limit imports, which could cause bearish CEE spot prices, while boosting selling of GOs Ukraine...
Plant status: China’s Anhui Zhonghuifa MIBK unit to shut in from late March
SINGAPORE (ICIS)--Here is a plant status report: Name: Anhui Zhonghuifa New Materials Location: Anhui, China Product: Methyl isobutyl ketone (MIBK) Capacity (tonnes/year): 50,000 Event start: 20...
Major NE Asia PVC producer lowers Apr offer to China
SINGAPORE (ICIS)--A major producer of polyvinyl chloride (PVC) in northeast Asia lowered its offer for April shipments to China effective from Tuesday, market sources said. Its offer stands at...
China’s Wanhua Chemical reports 22.5% drop in 2024 profits
SINGAPORE (ICIS)--China’s Wanhua Chemical posted a net profit of yuan (CNY) 13 billion ($1.8 billion) in 2024, a decrease of 22.5% from the previous year, the company said in a flash result....
Plant status: Indonesia’s Sulfindo to resume normal production after incident
SINGAPORE (ICIS)--Here is a plant status report: Name: Sulfindo Adiusaha Location: Bojonegara, Indonesia Product: Caustic soda, ethylene dichloride (EDC), vinyl chloride monomer (VCM), polyvinyl...
China pushes for greater energy security with new gas storage rules
China pushes for greater energy security with new gas storage rules Gas regulations to see overhaul New storage rules shifts supply responsibility to local governments China’s latest moves to...
KOGAS long-term LNG supply push in competitive bidding
QatarEnergy, ADNOC offer terms Energy traders more competitive on price Sellers offer discounts for higher flexibility SINGAPORE (ICIS)--South Korea’s state-run Korea Gas Corp (KOGAS) is nearing...
INSIGHT: Asia chemical prices to soften in March amid crude oil losses – ICIS
SINGAPORE (ICIS)--Asia’s petrochemical prices in March are expected soften due to downward pressure from crude oil losses. This forecast is driven by bearish sentiment caused by concerns over OPEC...
Global base oils cargo flows: Week of 17 March
SINGAPORE (ICIS)--Global base oils cargo flows: Week of 17 March ASIA Flow of Group II base oils cargoes from Taiwan continues to stay slower over past week. Slowdown raises prospect of sharp fall in...
Taiwan battles gas cost surge, but accelerates LNG strategy
Taiwan’s incumbent announces higher March prices CPC continues to grapple with LNG costs Island ramps up receiving LNG capacity SINGAPORE (ICIS)--Taiwan’s main power company announced a hike in...
China’s Sinopec decreases benzene list prices by CNY100/tonne
SINGAPORE (ICIS)--China’s Sinopec has decreased its domestic benzene list prices by yuan (CNY) 100/tonne, a company source said on 18 March. Its benzene prices were adjusted to CNY6,950/tonne EXW...
China’s Shanghai SECCO drops ACN weekly price by CNY100/tonne
SINGAPORE (ICIS)--China’s Shanghai SECCO Petrochemical has cut its acrylonitrile (ACN) weekly price to yuan (CNY) 9,000/tonne ex-tank, down by CNY100/tonne from the previous week, a company source...
OE-A and LOPEC celebrate innovation with the OE-A Competition and Start-up Competition Awards 2025
This year’s OE-A competition was dominated by projects and products that focus on smart living. 20 entrants from around the world submitted their latest visions and products to the OE-A Competition 2025. From smart patches
Revolution in lithium mining?
Researchers have developed a new process for sustainable lithium extraction, which could help to address the growing global demand for the metals used in electric vehicle batteries and renewable energy storage. Current ways of getting
Inorganic mechanism driving mysterious surge of powerful greenhouse gas
Sunlight triggers nitrous oxide production in ocean surface water
LUMITOS and SPECTARIS present the first digital lab day in May 2025
Following the great success of the virtual battery day, LUMITOS AG is launching a new digital event format for the laboratory industry with the digital lab day. In cooperation with SPECTARIS, the leading industry association
India PP market steady amid holiday lull, activity expected to improve
HYDERABAD, India (ICIS)-- India’s polypropylene (PP) spot prices held steady amid a lack of fresh offers and weak buying interest for imports, with buyers favoring competitively priced domestic...
PVC ADDs final findings expected soon, but uncertainty over implementation likely to persist
HYDERABAD, India (ICIS)--Uncertainty persists over India's anti-dumping investigation into imports of ‘PVC Suspension Resins’ from seven countries, even as the inquiry approaches its formal...
Europe toluene spot interest mainly from gasoline blending
LONDON (ICIS)--Gasoline blending continues to be the center of focus for demand in the toluene spot market in Europe although, at low levels. Consumption for toluene continues to be sluggish from...
India LDPE prices rise on supply concerns, overall PE activity sluggish
HYDERABAD (ICIS)--India’s polyethylene (PE) market activity remained sluggish in the week ending 14 March 2025 as the Holi holidays curtailed market participation, and demand for imported material...