Industry News
Chemical Industry News
Asia rPET supply pressure eases amid more exports to the US
SINGAPORE (ICIS)--The majority of Asian producers of recycled polyethylene terephthalate (rPET) pellets that halted trade to the US in September have recently resumed exports. Short-term market mood...
Brazil’s Braskem Green PE Q3 output slumps on weak demand
HOUSTON (ICIS)--Braskem’s green polyethylene (PE) operating rates dropped sharply in Q3 as the Brazilian polymers major lowered inventories amid weak demand. The ethanol-based polymer, marketed...
Asia-US container rates rise week on week but still face downward pressure
HOUSTON (ICIS)--Prices for shipping containers from Asia to the US rose this week as carriers have successfully pushed through mid-October increases, but most analysts think the rise will be short...
NYMEX: US gas futures move up on chillier long-term forecast
Front-month US natural gas futures rose on 31 October despite continued length in storage volumes and bearish near-term weather outlooks The December Henry Hub contract on NYMEX settled at...
US November benzene contract settles lower, reaches lowest prices since Q1 2021
HOUSTON (ICIS)---On 31 October, the US November 2025 contact settled at $2.46/gal ($739.57) FOB (free on board) US Gulf. This marks the third consecutive monthly drop in the contract price, as well...
European MEG contract market in limbo as November CP not fully confirmed; feedstock costs drop
LONDON (ICIS)--The European monoethylene glycol (MEG) contract price for November has not yet been fully confirmed, following a decline in feedstock costs for next month. The ethylene contract...
Europe November BPA formula contract price up on upstream phenol gains
LONDON (ICIS)--Europe bisphenol A (BPA) formula contract prices have risen for November, taking into account gains in upstream phenol contract costs for November. This marks a change in direction,...
Europe phenol formula contract up for November, on upstream benzene gains
LONDON (ICIS)--The Europe November phenol contract price has edged up, mirroring gains in upstream benzene contract costs. The phenol contract has moved straight with the upstream benzene contract...
CRUDE SUMMARY: Crude prices inch higher, but on track for monthly decline amid oversupply concerns
Market expects OPEC+ production hike at 2 November meeting Freight rates skyrocket following fresh sanctions against Russia US oil rig count down six to 414 – Baker Hughes LONDON (ICIS)—Benchmark...
Canada August GDP falls 0.3%, manufacturing off 0.5%
TORONTO (ICIS)--Canada’s real gross domestic product (GDP) contracted 0.3% month on month in August, following an upward-revised 0.3% July expansion (initial estimate: +0.2%), federal agency...
US October propylene contracts settle down 4 cents/lb to prior month
HOUSTON (ICIS)--US October propylene contract prices settled down 4 cents/lb from the prior month due to the weak demand and low buying interest. US October contract prices for polymer grade...
Global chemicals recovery by 2027 feasible as capacity closures mount – LyondellBasell
HOUSTON (ICIS)--LyondellBasell is cautiously optimistic about a petrochemicals recovery in 2026 and 2027 as plants closure gain pace and China could potentially run at lower operating rates for...
Europe domestic acetone spot prices stable to soft in lengthy market
LONDON (ICIS)--The domestic acetone spot range has consolidated a bit in northwest Europe this week, with some softening at the high end of the range, in a sluggish and lengthy market and in order to...
Lubricants firm FUCHS expects 2025 sales to stagnate
LONDON (ICIS)--FUCHS Group expects 2025 full-year sales to remain at the 2024 level of €3.5 billion, the Germany-based company said in an update on Friday. FUCHS, which is described as the world's...
Turkey’s gas importers up for sale amid international arbitration, Russian negotiations
Nationalised importing group wins arbitration but Turkish government applies for annulment Akfel Group subsidiaries held more than 10% market share Turkey is in negotiations with Russia as long-term...
Europe spot methanol prices soften by 2% as supply outweighs demand
LONDON (ICIS)--European methanol spot prices sank by 2% from the previous week on the back of lackluster buying. Oversupply and flat demand have contributed to the sluggish market trend in October....
ICIS POWER INSIGHT WEEK 44 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 44. FBMC WEEKLY: Strong winds, milder temperatures to...
EUROPEAN GAS STORAGE UPDATE: EU gas stores record last net injections in late October
LONDON(ICIS)--Mild weather in the second half of October, coupled with changing price signals allowed for some net injections into EU storage facilities ahead of November. Additionally, some...
Aramco LPG November contract prices decline
LONDON (ICIS)--Liquefied petroleum gas (LPG) Aramco November contract prices have fallen, with Sonatrach contract prices yet to settle. Prices came under pressure despite much of the northern...
WEEKLY GAS OUTLOOK: LNG sendout and mild temperatures to offset bullish CCGT signals
LONDON (ICIS)-- European gas markets could face mixed price signals in week 45, as below-normal wind output across key hubs is likely to support gas-for-power demand. Nevertheless, mild temperatures...