Industry News
Chemical Industry News
ICIS GAS INSIGHT WEEK 46 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 46. GAS ALERT: SEFE to auction 2.7TWh at Jemgum for the...
European spot FD acetone stable to soft as market oversupply continues
LONDON (ICIS)--Acetone spot free delivered (FD) prices were stable to soft in Europe this week as supply continued to outweigh demand. Destocking is now slowly beginning in the chain, further...
WEEKLY POWER OUTLOOK: Drop in temperatures, low wind, likely to support prices in northwest Europe through week 47
LONDON (ICIS) – Colder temperatures and below average wind output across northwest Europe are likely to be bullish drivers for spot prices through the front week. WEATHER OUTLOOK The latest MetDesk...
ADNOC-Covestro deal gets conditional EU approval
LONDON (ICIS)--The European Commission has conditionally approved the acquisition of German polymers major Covestro by Abu Dhabi National Oil Company (ADNOC), it said on Friday. The takeover offer...
US gas futures up on bullish heating demand, record LNG exports
Henry Hub futures rose this week on seasonal heating demand and strong LNG feedgas flows Weather forecasts throughout mid-November show above-to-near-normal for the eastern half of US Storage data...
EUROPEAN GAS STORAGE UPDATE: Softer year-on-year demand, withdrawals keep European storage steady around 80%
LONDON (ICIS)--European gas storage has hovered in the low-80s since late September, below 2022-2024 levels. As of 13 November 2025, EU sites including strategic stocks were 81.2% full, about 10.5...
US Q3 cumene production rises year on year
HOUSTON (ICIS)--US Q3 production of cumene increased year on year, according to data from the American Fuel & Petrochemical Manufacturers (AFPM). US cumene production in Q3 2025 did rise from the...
US Q3 propylene production down year on year; inventory up year on year
HOUSTON (ICIS)--US Q3 production of propylene fell year on year, according to data from the American Fuel & Petrochemical Manufacturers (AFPM). US propylene production in Q3 2025 slightly...
WEEKLY GAS OUTLOOK: Colder, calm weather to support EU gas consumption in week 47
LONDON(ICIS)--European gas demand is expected to rise in week 47 as below-average temperatures, coupled with projections of weak wind output, increase consumption from both the residential and power...
Vynova completes closure of Beek, Netherlands PVC plant
LONDON (ICIS)--Vynova has concluded the permanent shutdown of its Beek, Netherlands polyvinyl chloride (PVC) plant as of 13 November, according to a company source. Vynova’s Beek plant had a...
FORTNIGHTLY MARKET COMMENT: Belgian gas prices dip, Interconnector imports rebound from maintenance
LONDON (ICIS)--Belgium’s ZTP gas prices ticked down between 30 October – 13 November, with both the Day-ahead and December ’25 contract shedding about 4% of their value. This was constituent...
Germany’s Freudenberg to acquire full ownership of Japan Vilene nonwovens JV
LONDON (ICIS)--Specialty chemicals and industrial group Freudenberg will acquire Toray’s 25% stake in the two companies’ Japan Vilene nonwovens joint venture (JV) for about €100 million,...
Moody’s downgrades Poland’s Synthos on earnings deterioration
LONDON (ICIS)--Ratings agency Moody’s on Thursday downgraded Polish synthetic rubber and styrene producer Synthos, pointing to a deterioration in the company’s earnings. “The downgrade of...
FORTNIGHTLY MARKET COMMENT: PVB prompt ticks down in early November on stable consumption
LONDON (ICIS)--The Spanish PVB Day-ahead and front-month contracts recorded limited volatility with a downward trend affecting both contracts between 30 October – 13 November amid overall demand...
FORTNIGHTLY MARKET COMMENT: NBP sinks lower on bearish weather fundamentals
LONDON (ICIS)--The NBP Day-ahead product slumped between 30 October – 13 November, shedding nearly 8% as a mild, windy weather pattern weighed on gas demand. Forecasts of lower wind during certain...
Researcher wins €50,000 in damages as European Anti-Fraud Office removes ‘unlawful’ press release
EU court rules that inaccurate allegations of grant misuse damaged the researcher’s reputation, career and health
Indian tender to tighten urea supply even as Chinese exports return
LONDON (ICIS)--Urea supply is set to stay constrained following India’s announcement of a larger-than-expected volume of 2.5 million tonnes. This Indian demand will absorb the additional Chinese...
Asia PET weekly assessment
Spot prices of polyethylene terephthalate (PET) were assessed at $740-760/tonne FOB...
Plant status: China’s Sinochem Quanzhou shuts HDPE unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Sinochem Quanzhou Petrochemical Location: Quanzhou, Fujian, China Product: High density polyethylene (HDPE) Capacity (tonnes/year): 400,000...
BASF partners with Air Liquide, Shenergy to cut carbon in MDI production
SINGAPORE (ICIS)--BASF has entered into cooperation with Air Liquide and China’s Shenergy Group to produce methylene diphenyl diisocyanate (MDI) and its derivatives with lower carbon footprint, the...