Industry News
Chemical Industry News
MEGlobal’s Jul MEG ACP rolls over
SINGAPORE (ICIS)--MEGlobal has nominated its July 2026 monoethylene glycol (MEG) Asian Contract Price (ACP) at $820/tonne, a company source said. The July nomination remains unchanged from June ACP....
Plant status: China’s Shanxi Lu’an to raise run rate of Group III base oils unit in late June
SINGAPORE (ICIS)--Here is a plant status report: Name: Shanxi Lu’an Group Location: Changzhi, Shanxi, China Product: Group III coal-based base oils Capacity (tonnes/year): 350,005 Event start: 23...
Asia PA under pressure from weak demand despite balanced supply conditions
SINGAPORE (ICIS)--Asia's phthalic anhydride (PA) market was mixed for the week as weak downstream demand continued to weigh on purchasing activity despite relatively balanced supply conditions. In...
Asia MA mixed as China tightness offsets seasonal demand lull
SINGAPORE (ICIS)--Asia’s maleic anhydride (MA) market was assessed mixed during the week as tighter producer inventories and firmer domestic prices in China supported regional offers, while...
Oil prices fall by more than 4% on US-Iran peace deal
SINGAPORE (ICIS)--Oil prices fell to their lowest levels since March in early Monday trade after the US and Iran reached an initial deal to end the war and resume vessel traffic through the Strait of...
Iran war deal reached as Trump says Strait of Hormuz to re-open
SINGAPORE (ICIS)--US President Donald Trump said that a deal to end the Iran war and re-open the Strait of Hormuz and end the US naval blockade of Iranian ports is now "complete," according to a...
INPEX bid to halt strikes at Ichthys LNG denied, says shutdown possible this week
Fair Work Commission says INPEX application to stop strikes falls short INPEX manager says offshore unit could shut by 16-17 June Unions and INPEX talks on wage-work conditions have made progress...
UPDATE: INPEX bid to halt strikes at Ichthys LNG denied, says shutdown possible this week
Fair Work Commission says INPEX application to stop strikes falls short INPEX manager says offshore unit could shut by 16-17 June Unions and INPEX talks on wage-work conditions have made progress...
NYMEX: LNG demand bump outweighs mild weather outlook, raising US gas futures
Front-month US natural gas futures lost more than 3% of value on the week but posted slight day-on-day gains on 12 June as LNG feedgas demand continued to rebound The July Henry Hub contract on
Asia-US container rates rise further, at highest since July ’25, as liquid tanker rates soften
HOUSTON (ICIS)--Rates for shipping containers from Asia to the US rose again this week, reaching the highest since July 2025 amid the ongoing crisis in the Middle East, while rates for liquid...
Colombia inflation accelerates as presidential runoff tightens ahead of 21 June vote
SAO PAULO (ICIS)--Colombia's annual rate of inflation rose to 5.84% in May, from 5.68% in April, statistics office Dane data showed, as voters prepare to choose between two sharply contrasting...
CRUDE SUMMARY: Oil prices fall to multimonth lows on optimism US-Iran peace deal could be signed within days
Brent hit its lowest since 17 April amid Trump suggestions peace deal is imminent Iranian sources deny that a memorandum of understanding will be signed US oil rig count rose two to 433 - Baker...
Brazil inflation up for third month, complicating rate cuts while industry loses momentum
SAO PAULO (ICIS)--Brazil's annual rate of inflation stood in May at 4.72%, up from April’s 4.39%, on the back of price rises in food and housing, among others, the country’s statistics office...
Turkey PP losses in large ranges on mixed views on fundamentals; buyers remain in standstill
LONDON (ICIS)--Polypropylene (PP) spot prices softened again by higher double digits this week, compared to the previous week, and were ranging widely, reflecting a varied landscape both on the...
Argentina inflation hits nine-month low in May, chemicals lead industrial bright spot
SAO PAULO (ICIS)--Argentina's consumer prices rose at their slowest monthly pace in nine months in May, albeit still over the 2% mark, while chemicals output surged in April, continuing the good...
Protected pricing may fade as Q3 sulphur contract negotiations intensify
LONDON (ICIS)--Third-quarter contract negotiations for sulphur across the US and northwest Europe are accelerating, with a marked shift in sentiment pointing to the erosion of long-standing pricing...
European acetone truck spot continues downward spiral on long supply and weak demand
LONDON (ICIS)--European acetone spot truck prices continued on a downward trajectory this week. Prices were noted above and below the range. In one case, prices were quoted much below, but this was...
India’s HPCL sells more naphtha but at lower premiums
SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has sold naphtha this week for late June loading at lower premiums, bringing its total June exports to slightly over 100,000 tonnes....
French project to relaunch former Vencorex chloralkali platform fails
LONDON (ICIS)--A project to relaunch the former Vencorex chloralkali production platform at Le Pont-de-Claix near Grenoble, France, has failed, officials confirmed in a statement. Production was...
US consumer sentiment ticks up as gasoline prices ease in early June
HOUSTON (ICIS)--US consumer sentiment ticked up as gasoline prices eased in early June, the University of Michigan said in its preliminary June consumer sentiment report on Friday. The university’s...