Industry News
Chemical Industry News
SHIPPING: Asia-US container rates continue to slide as demand lull is likely through January
HOUSTON (ICIS)--Rates for shipping containers from east Asia and China to the US continued to slide this week and analysts expect to see downward pressure through the end of the year amid a demand...
INSIGHT: As US-China trade tensions escalate, with 100% tariff threat, chemical and energy trade flows at risk
NEW YORK (ICIS)--US-China trade tensions are quickly heating up, once again putting chemical and energy trade into focus. US President Donald Trump in a 10 October Truth Social post announced a 100%...
US Dow expects to restart PE units Poly 5, Poly 7 in Freeport ‘next week’
SAO PAULO (ICIS)--Dow expects to restart its units polyethylene (PE) units Poly 5 and Poly 7 at its Freeport, Texas site “in the next week” after a fire on 6 October brought most units down.
Mexico QR, GPS rules for fuel tankers to prompt short-term base oils bottlenecks, unlikely to curb long-term flows
NEW YORK (ICIS)-- New rules for fuel tankers introduced by the Mexican government in late September to help curb illicit fuels distribution are likely to cause a short-term bottleneck of US base oils...
CRUDE SUMMARY: Oil benchmarks fall to multimonth lows on softening risk premium
Israel-Hamas ceasefire drives bearish pressure on crude benchmarks Russian fuel disruptions provides some support for prices US onshore oil rig count down by four to 418 - Baker Hughes LONDON...
Global EG demand slump to continue into Q4 on new capacity additions, tariff obstacles
HOUSTON (ICIS)-- Global ethylene glycols (EG) demand continues to be hampered by new capacity additions, as well as shifting trade flows. The demand outlook for Q4 is bleak as the market continues to...
Canada manufacturing adds jobs in September, following seven declines amid tariff uncertainty
TORONTO (ICIS)--Canada’s manufacturing employment rose by 27,800 or 1.5% from August to 1.848 million in September - partly offsetting the 58,000 jobs lost in the previous seven months amid the...
K ’25: Europe PET recent price tumble defies modest raw material moves
LONDON (ICIS)--European polyethylene terephthalate (PET) prices have been in steep decline, outpacing the drop in raw material costs. From August to September, PX fell €20/tonne, while MEG...
Turkey PE market remains subdued, contract negotiations gather pace at K ’25
LONDON (ICIS)--Turkey’s polyethylene (PE) market remains subdued, with buyers continuing to tread carefully amid a downtrend since spring. The mood is cautious, shaped by bearish sentiment on 2026...
WEEKLY POWER OUTLOOK: Bullish European spot prices expected in week 42 amid low continental wind and cold weather in CEE
LONDON (ICIS)--Forecasts of below-average to well-below-average wind output across the continent are likely to set a bullish tone for European spot power prices in week 42, with a return to colder...
ICIS GAS INSIGHT WEEK 41 NEWS IN BRIEF
This news summary was generated via Ask ICIS LONDON (ICIS)--Please find below a short summary of the key gas stories ICIS published in week 41. Ukraine, CEE demand-supply balance stable despite...
European acetone spot FD market weakens on supply glut and weak demand
LONDON (ICIS)--European acetone spot free delivered (FD) prices decreased this week as offer levels were reduced because of ongoing long supply and weak demand. Demand remains weak and an expected...
ICIS POWER INSIGHT WEEK 41 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 41. FBMC WEEKLY: Wind speeds to ramp up from 9 October,...
European October phenol contract falls, adder rise dilutes feedstock drop
LONDON (ICIS)--The European phenol contract for October fell by €12/tonne. A €22/tonne reduction in the benzene contract for the month was offset by a €10/tonne increase in the Q4 phenol...
UREA: Nola barge trades for October at $375/short ton FOB
In the US, a Nola barge traded at $375/short ton FOB following a very slow start to morning trading. After close of business on 9 October, March traded at $400/short ton...
WEEKLY GAS OUTLOOK: Mild weather could cap European gas prices next week though upside risk remains
LONDON (ICIS)-- European gas markets could maintain bearish pressure through week 42, as geopolitical risk premiums ease and weather fundamentals across much of Europe suppress heating demand. The...
Europe methanol spot prices ease while buying appetite lifts
LONDON (ICIS)--European methanol spot prices declined for the fourth week in a row amid healthy Rotterdam supply. Spot physical trading seen in the week on an FOB Rotterdam (Rdam) basis: Day Deal...
Europe October BPA formula contracts edge lower for second month
LONDON (ICIS)--The Europe bisphenol (BPA) formula contract price has decreased in October for the second consecutive month, amid raw material phenol cost relief. Easing in the phenol contract price...
Ultrapotent thrombin inhibitor combines peptide fragments from a trio of blood-sucking organisms
Hybrid molecule featuring leech, tsetse fly and flea peptide fragments binds thrombin at three sites
Have MOFs now made it?
Will Nobel prize speed porous materials to commercial success?