Industry News
Chemical Industry News
Italian Summer ’26 gas contract sustaining premiums over Winter ’26 amid fast-depleting storage
PSV Summer ’26 at premium to Winter ’26 since January 6 sessions amid storage drawdowns Italian seasonal premium to TTF widening amid increased exports year on year towards Austria Traders hope...
Latin America petrochemicals close 2025 under pressure as spreads compress
SAO PAULO (ICIS)--Latin America's major petrochemical producers ended 2025 facing persistent margin compression and oversupplied markets, with some prices weakening further and at the same time...
How did we do? Did ICIS’ recent gas, LNG market forecasts come true?
LONDON (ICIS)--At ICIS, content teams produce many stories, alerts, forecasts and analysis. We look beyond the immediate market noise which can sometimes distract from objective supply and demand...
INSIGHT: Turnaround investors start to eye European chemicals
LONDON (ICIS)--The long downturn and the brutal calculus that chemicals producers have had to apply to their asset bases has started to drive an increased presence for turnaround specialists in the...
Europe EO 2026 adder decreases, January contract down
LONDON (ICIS)--The European ethylene oxide (EO) contract adder for 2026 has decreased by €20/tonne. Contract adder fees for 2026 decrease on soft demand expectations Market sentiment bearish amid...
Mideast polyols Jan sentiment broadly stable on sparse offers, restocking needs
SINGAPORE (ICIS)--Sentiment in the Middle East polyether polyols import market for January-loading cargo may stay broadly stable as sellers largely maintain offers while buyer participation in the...
Archaeon’s lack of metabolism challenges definitions of life
A question that is not the same as asking whether something is alive
Europe MTBE average prices decline alongside lower Eurobob values
LONDON (ICIS)--European methyl tertiary butyl ether (MTBE) average prices declined in the week ending 9 January compared with the prices seen in the previous ICIS report dated 26 December 2025....
Plant status: Saudi’s Luberef to restart Group II base oils unit in mid-Jan
SINGAPORE (ICIS)--Here is a plant status report: Name: Luberef Location: Yanbu, Saudi Arabia Product: Group II base oils Capacity (tonnes/year): 900,000 Event start: 15 November 2025 Event finish:...
Brazil’s sulphur imports from US plunge 40% in 2025 amid trade uncertainty
LONDON (ICIS)--Brazil’s total sulphur imports saw minimal change in 2025, but trade uncertainty prompted a shift in sourcing, resulting in a 40% decline in volumes from its primary supplier, the...
How safe is the next generation of battery chemistries?
Rapid advances mean researchers are struggling to understand these batteries’ safety and fire hazards
ICIS TTF Early Day assessments: 13 January 2026
- US President Donald Trump via social media announced a 25% tariff on goods into the US from countries trading with Iran without offering details or any official notices on federal government...
Taiwan’s FPCC 2025 net income surges by 71% on improved refining margins
SINGAPORE (ICIS)--Formosa Petrochemical Corp's (FPCC) net income surged 71% year on year to New Taiwan dollar (NT$) 9.9 billion ($313 million) in 2025 mainly due to improved refining margins, the...
China ends export tax rebates for chemicals related to solar, battery products
SINGAPORE (ICIS)--China will abolish value-added tax (VAT) rebates on exports of photovoltaic and battery products, and related chemicals such as methanol, ethylene glycol (EG), polyvinyl chloride...
Abadi LNG faces cost squeeze as Indonesia urges faster development
LNG economics tested as Indonesia advances project Domestic gas at the fore of gas plans Prices soft as project presses ahead SINGAPORE (ICIS)--Indonesia’s $20 billion Abadi LNG project is moving...
OUTLOOK FOR 2026: UK likely to maintain net power import position through 2026
UK likely to hold a net power import position through 2026 ICIS Power Foresight shows net power imports could average 4GW between 1 February and 31 December under a base-case scenario Pressure on the...
Heavy maintenance, stronger feedstocks to buoy Asia polyester market
SINGAPORE (ICIS)-- Heavy maintenance of polyester plants in China and stronger feedstock markets are expected to buoy Asian polyester market. Sellers hold firm to offers on heavy maintenance Stronger...
Plant status: China’s Zhejiang Wankai shuts one PET line on technical issue
SINGAPORE (ICIS)--Here is a plant status report: Name: Zhejiang Wankai New Materials Location: Haining, Zhejiang, China Product: Polyethylene terephthalate (PET) Capacity (tonnes/year): 200,000...
India’s AM Green signs green ammonia off-take agreement with Germany’s Uniper
MUMBAI (ICIS)--German state-owned energy firm Uniper Global Commodities has signed a long-term offtake agreement with India’s AM Green for green ammonia from India, official statements showed....
Iran protests on third week; oil spike dampens Mideast, S Asia petrochemical demand
SINGAPORE (ICIS)--Iran’s mass protests running for the third straight week have sent oil prices surging at above $64/barrel in Asian trade, supporting feedstock naphtha prices but constraining...