Industry News
Chemical Industry News
Plant status: China’s Qingdao Haiwan runs new ECH unit at 100% in late Sep
SINGAPORE (ICIS)--Here is a plant status report: Name: Qingdao Haiwan Group Location: Qingdao, Shandong, China Product: Epichlorohydrin (ECH) Capacity (tonnes/year): 150,000 (2 x 75,000) Event start:...
East China benzene inventories drop as consumption exceeds arrivals
SINGAPORE (ICIS)--Benzene inventories at shore tanks along eastern China decreased to 107,000 tonnes on 30 September, according to ICIS data, as consumption outpaced arrivals. Inventories at local...
Plant status: China’s Qingdao Haiwan runs new epoxy resins unit at 100% in late Sep
SINGAPORE (ICIS)--Here is a plant status report: Name: Qingdao Haiwan Group Location: Qingdao, Shandong, China Product: Epoxy resins Capacity (tonnes/year): 150,000 Event start: 29 September 2025...
Asia epoxy resins producer margins squeezed on high feedstock ECH prices
SINGAPORE (ICIS)--Asia's epoxy resins market is expected to stay supported by firm prices of feedstock epichlorohydrin (ECH). Epoxy resins producer margins squeezed amid firm feedstock ECH prices...
Plant status: China’s Hengli Petrochemical to shut No 1 PTA unit
SINGAPORE(ICIS)--Here is a plant status report: Name: Hengli Petrochemical Location: Dalian, China Product: Purified terephthalic acid (PTA) Capacity (tonnes/year): 2.2 million Event start: 9 October...
Plant status: S Korea’s Kumho P&B restarts epoxy resins units in late Sep
SINGAPORE (ICIS)--Here is a plant status report: Name: Kumho P&B Chemicals Location: Yeosu, South Korea Product: Epoxy resins Capacity (tonnes/year): 90,000 + 62,000 + 45,000 Event start: 4...
ICIS Analyst View: Scaled-down but resilient: Russia’s Arctic LNG-2 emerges as source of flexible supply
Russia’s Arctic LNG 2 project was originally planned as a 19.8mtpa facility, with three 6.6mtpa trains due to be brought onstream in Russia’s north, close to the existing Yamal LNG facility....
Plant status: Taiwan’s Nan Ya to shut No 1 MEG unit for maintenance in mid-Oct
SINGAPORE (ICIS)--Here is a plant status report: Name: Nan Ya Plastics Location: Mailiao, Taiwan Products: Monoethylene glycol (MEG) Capacity (tonnes/year): 460,000 (No 1) Event start: Mid-October...
Asia chemical markets face bearish outlook, soft prices ahead of China’s Golden Week
SINGAPORE (ICIS)--Asian chemical markets are experiencing broad-based bearish sentiment and strong downward pressure on prices heading into China's Golden Week holiday from 1–7 October, driven by...
China major producers’ polyolefin inventories rise on reduced buying activities
SINGAPORE (ICIS)--The combined polyethylene (PE) and polypropylene (PP) inventories of Chinese state-owned petrochemical giants Sinopec and PetroChina rose slightly as buyers retreated from the...
Change of managing directors at 5-HT Chemistry & Health
Dr. Frank Funke and Stefan Kohl, long-standing managing directors of Digital Hub Rhein-Neckar GmbH, which acts as the supporting organization for 5-HT Chemistry & Health, will hand over management to Dr. Harald Sussek on October
BASF to exit hydrosulfites business and close production facility in Ludwigshafen
BASF has decided to exit the hydrosulfites business and will close the respective production facility in Ludwigshafen. As a result, the company will phase out the supply of Hydrosulfite F as well as HydroBlue® 90,
US September PGI, PG-USP contracts rise slightly with seasonal demand uptick
HOUSTON (ICIS)--US propylene glycol (PG) contracts rose slightly month on month for September. Although propylene feedstock prices continue to remain low, there have been some seasonal demand...
TotalEnergies poised for Mozambique LNG restart
Mozambique LNG construction work restart imminent Expects lifting of force majeure “very quickly” Operations to start in 2029 LONDON (ICIS)--French major TotalEnergies is “ready” to restart...
US corn harvest at 18%, soybeans at 19% completed
HOUSTON (ICIS)--US farmers have completed harvesting on 18% of the corn acreage and 19% of the soybean crop, according to the latest crop progress report from the US Department of Agriculture (USDA)....
NYMEX: US gas futures slightly up as tropical storm forecast to miss the Carolinas
US natural gas futures saw slight gains on 29 September, as the chance of weather-related decline in demand eased on the first day of trading under the new front month The November 2025 Henry Hub...
Turkey polyolefins prices near pandemic troughs as US, Middle East, Korea, CIS sellers sprint to clinch Q4 restocking
LONDON (ICIS)--Polypropylene (PP) and polyethylene (PE) spot prices in Turkey extended their downward trajectory last week, reaching their lowest levels in over five years, with the speed of...
Occidental Petroleum in talks to divest chemicals division
HOUSTON (ICIS)--Oil and gas major Occidental Petroleum (Oxy) is in advanced talks to sell its chemicals division, OxyChem, in an effort to reduce overall debt, according to multiple reports. The...
Asia base oils supply outlook: Week of 29 September
SINGAPORE (ICIS)--Asia’s base oils prices slip versus gasoil prices amid recent rise in crude oil prices. Heavy-grade base oils margins stay relatively firm even with recent downward pressure....
CRUDE SUMMARY: Crude plummets on global supply growth concerns
OPEC+ set to hike November production at upcoming meeting this weekend Second monthly 137,000 barrel/day increase likely as unwinding of 1.65 million barrel/day tranche gathers pace Iraq-Turkey...