Industry News
Chemical Industry News
Europe December adipic acid contract prices settle at increases
LONDON (ICIS)--The Europe adipic acid (ADA) freely negotiated December contract price has been assessed at an increase from November. The ICIS monthly freely negotiated ADA northwest Europe (NWE) net...
Custom codes for recycled polymers, amendment to Reg. 2022/1616 due in Q2 2026
LONDON (ICIS)--The European Commission sees an “urgent need to ensure a level-playing field” for European recyclers in light of lower-priced imports of feedstocks and finished goods entering the...
Cypriot offshore gas field Aphrodite gets FEED work go-ahead
Aphrodite partners give go-ahead for FEED works Negotiations ongoing on sale of gas to Egypt Production from Aphrodite could start in 2031 LONDON (ICIS)--The consortium developing the Aphrodite gas...
OUTLOOK ’26: European PVC could be facing calm before a dead cat bounce
LONDON (ICIS)--Polyvinyl chloride (PVC) has had an undeniably rocky time since 2022. Construction demand consumes most of the polymer that is produced in Europe, and it never rebounded from the...
Plant status: NOC’s Ras Lanuf, Libya cracker off line – sources
LONDON (ICIS)--Here is a plant status report: Name: National Oil Corporation (NOC) Location: Ras Lanuf, Libya Products: Ethylene, propylene Capacity (tonnes/year): 360,000 (ethylene), 185,000...
Europe POM prices decrease in Q4
LONDON (ICIS)--European polyacetal (POM) Q4 prices were assessed at a decrease from Q3. The majority of polyacetal (POM) contracts dropped in Q4 compared with Q3. Prices have been assessed at a...
OUTLOOK ’26: Latin American PE market seeks alternatives amid persistent challenges
SAO PAULO (ICIS)-- 2025 was marked by challenges similar to those seen in 2024, including global polyethylene (PE) oversupply outpacing demand growth, intense competition in local markets from...
OUTLOOK ’26: European PC consumption on the mend as Chinese import market matures
LONDON (ICIS)--European consumption of polycarbonate (PC) is expected to recover slightly in 2026, although remaining below the recent peak annual usage in 2021. The import market may mature, as...
Plant status: JNC eyes oxos turnaround in early May
SINGAPORE (ICIS)--Here is a plant status report: Name: JNC Petrochemical Location: Goi, Japan Product: 2-ethylhexanol Capacity (tonnes/year): 75,000 Event start: early May 2026 Event finish: early...
Iran’s Iranol issues Group I base oils sales tender for Jan 2026
SINGAPORE (ICIS)--Iran's Iranol issued a Group I base oils sales tender for export comprising bulk lots of SN150, SN600, and BS150. 3,000 tonnes of SN150, 2,000 tonnes of SN600, and 1,000 tonnes of...
Iran’s Sepahan issues Group I SN500 base oils tender for Dec 2025/Jan 2026
SINGAPORE (ICIS)--Iran's Sepahan Oil Company issued a Group I SN500 base oils tender for export on 23 December, according to market sources. A bulk lot totaling 12,000 tonnes of SN500 was initially...
European Commission opens public consultation on SUPD impact
LONDON (ICIS)--The European Commission presented an early Christmas present to the European plastics market before it closed for the holiday period by opening a public consultation on the impact of...
Europe PBT prices stable in Q4
LONDON (ICIS)--Prices of polybutylene terephthalate (PBT) in Europe, across all grades, have remained steady from Q3 to Q4. Availability continues to be ample for market participants, both from...
Plant status: S Korea’s OCI lowers plasticizers ops to around 45% in Dec
SINGAPORE (ICIS)--Here is a plant status report: Name: OCI Company Location: Pohang, South Korea Product: Plasticizers Capacity (tonnes/year): 120,000 Event start: December 2025 Event finish: Unknown...
OUTLOOK ’26: New US capacity, EU CBAM set to reshape global ammonia market in 2026
LONDON (ICIS)--Further production coming on stream and the Carbon Border Adjustment Mechanism (CBAM) coming into full force are expected to be key drivers for the ammonia market in 2026. Tight supply...
OUTLOOK ’26: Volatility ahead for urea as trade patterns shift
LONDON (ICIS)--The global urea market is set for another turbulent year in 2026, as rising costs, weaker crop prices, tightening regulations, geopolitical uncertainty and shifting trade flows...
OUTLOOK ‘26: Asia TiO2 to see effects of oversupply with demand set to remain sluggish
SINGAPORE (ICIS)--Asia’s titanium dioxide (TiO2) spot market is set to see the impact of oversupply continuing into 2026 with demand not expected to experience a dramatic recovery for H1 2026 at...
OUTLOOK ‘26: Europe base oils Group II supply could grow, Group III imports likely to be reduced
LONDON (ICIS)--European base oils Group II availability could increase with global capacity increases, while the Group III market is likely to see fewer imports in H1 2026 compared to H1 2025. Group...
Morocco interactive fertilizer trade flow map January-October 2025
LONDON (ICIS)--Morocco's Office des Changes has released fertilizer trade data for January-October 2025. Select a product from the drop-down menu...
YEAR IN REVIEW: Nordics maintain strong net power export position in 2025
Nordic power exports have been rising since September, averaging 6.94GW so far through December Nordic wind sector showed mixed progress in 2025, with Danish 3GW CfD re-tender, continued Swedish...