Industry News
Chemical Industry News
Plant status: Belgium’s JBF sees modest improvement in PET run rates
LONDON (ICIS)--Here is a plant status report: Name: JBF Global Europe Location: Geel, Belgium Product: PET Capacity (tonnes/year): 432,000 Event start: End February Event finish: Unknown Reason:...
Europe March BPA formula contract down, tracking costs
LONDON (ICIS)--The Europe bisphenol A (BPA) formula contract price settles lower in March, reflecting upstream cost relief. This snaps the recent uptrend seen over the past four months, as poor...
ICIS POWER INSIGHT WEEK 9 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 9. FBMC WEEKLY: Spring-like temperatures and sunshine to...
Europe methanol spot prices soften, ending bullish Q1 pricing streak
LONDON (ICIS)--European methanol spot prices cooled off this week, ending a seven-week streak of increases across Q1. Spot physical trading seen in the week on an FOB Rdam basis: Day Deal...
BASF Louisiana MDI expansion on track for Q3 completion
LUDWIGSHAFEN, Germany (ICIS)--BASF expects its $1 billion methylene diphenyl diisocyanate (MDI) plant expansion in Geismar, Louisiana, to be completed and producing by the third quarter of this year,...
European phenol contracts track down with benzene for March
LONDON (ICIS)--The European phenol contract for March and the European net phenol contract for March have decreased by €27/tonne, tracking the decrease in the upstream benzene contract for March...
DMT Europe February price indicator shifts up after another increase on PX
LONDON (ICIS)--The February contract indicator for Europe dimethyl terephthalate (DMT) increased, according to ICIS calculations. The assessed February range was, therefore, up by €6/tonne on both...
European acetone truck price stable but tightness remains in market
LONDON (ICIS)--European acetone spot prices were unchanged this week, although prices above and below the range were also reported in some cases. Some sources quoted prices mostly in the top half of...
Plant status: INEOS Styrolution restarts ABS facility in Mexico
HOUSTON (ICIS)--Here is a plant status report: Name: INEOS Styrolution Location: Altamira, Tamaulipas, Mexico Product: Acrylonitrile Butadiene Styrene (ABS) Capacity (tonnes/year): 206,000 Event...
Europe PTA February contract price reacts to slight increase on upstream PX
LONDON (ICIS)--The Europe purified terephthalic acid (PTA) February contract has increased, based on ICIS calculations. Consequently, the February PTA contract price is up by €7/tonne, to reach...
GAS ALERT: TAP capacity could rise by 1mcm/day from the next gas year
MILAN (ICIS)--Market test results show interest for an expansion of the Trans Adriatic Pipeline (TAP) capacity by about 1 million cubic meter (mcm) per day. TAP, together with Italian and Greek...
Brazil plays both sides of protectionism debate; Braskem set for earnings boost on state aid
SAO PAULO (ICIS)--Beleaguered Brazilian petrochemicals major Braskem is in line for a significant financial lifeline after the Senate approved a major expansion of tax incentives for the chemicals...
WEEKLY GAS OUTLOOK: Geopolitics trump fundamentals in week 10
LONDON (ICIS)—Geopolitical developments will remain the key driver for the direction of the European gas markets in week 10. Across the hubs, the equilibrium between concerns around low storage...
Europe ethylene March contract price talks to continue Monday, propylene March contract settled
LONDON (ICIS)--March contract reference price negotiations for ethylene will continue into next week because no full settlement has been finalized. There has been some progress, with three bilateral...
Europe benzene March contract settles lower as poor fundamentals dominate
LONDON (ICIS)--The European benzene March contract price has settled at €763/tonne, down by €27/tonne from February. The settlement was confirmed by two sellers and three buyers on Friday. The...
SEFE offers fixed-fee and first-come, first-served Rehden storage
SEFE is remarketing Rehden storage year 26/27 capacity via a PRISMA pay-as-bid auction (284.4mcm) and will shortly open a fixed-fee first-come (FCFS), first-served booking route via email SEFE is...
Sempra reports Costa Azul LNG mechanical completion, Port Arthur on track
ECA LNG Phase 1 reached mechanical completion Port Arthur LNG Phase 1 remains on track for commercial operations around end-2027 Company plans to sell a 45% stake in Sempra Infrastructure Partners...
GAS ALERT: Energinet announces gas outage at German-Danish interconnection point
LONDON(ICIS)--Denmark’s gas transmission system operator posted on 27 February two urgent market messages (UMMs) about outages at the entry point of the interconnection point in Ellund in the...
FORTNIGHTLY MARKET COMMENT: Milder weather pressures PVB prompt, geopolitical fears fuel limited gains
LONDON (ICIS)--The PVB Day-ahead contract averaged €29.888/MWh between 12 and 26 February, around €0.900/MWh lower than the previous fortnight, showing less volatility period on period....
MARKET HICHLIGHT: NBP March-April ’26 spread tight on mild weather, SSW risk
Additional reporting by Harvey Bassett LONDON (ICIS)--ICIS price assessment data shows that the British NBP April ’26 contract moved to a premium over March ’26 on 25 February, breaking the...