Industry News
Chemical Industry News
US harvest stays steady with corn 11% completed, soybeans at 9%
HOUSTON (ICIS)--US corn harvesting is 11% completed with soybeans at 9%, according to the latest crop progress report from the US Department of Agriculture (USDA). The current rate of corn harvest...
Plaquemines LNG requests extra time for commissioning
Venture Global asks FERC for in-service deadline extension Filing cites pandemic, project size, future weather issues for delays Export plant to finish Phase 1 in 2026, then Phase 2 in 2027 HOUSTON...
NYMEX: US gas futures ease following drop of LNG feedgas nominations
US natural gas futures edged lower on 22 September, as LNG feedgas nominations dropped over the weekend The October 2025 Henry Hub contract on NYMEX settled at $2.806/MMBtu, down 2.9% from the...
CRUDE SUMMARY: Crude benchmarks finish down as excess supply vies with geopolitical risk premium
Tensions in Europe are rising Concerns situation in Middle East could escalate Likely supply glut in Q4 capping impact of geopolitical concerns LONDON (ICIS)--Oil prices were down as geopolitical...
Colombia’s Ecopetrol seeks LNG supply for proposed Pacific coast project
Colombia's Ecopetrol is seeking LNG supply from August 2026 Domestic gas production forecast to decline, with various LNG infrastructure projects considered Supply bids due on 24 September HOUSTON...
Global petrochemicals issues keep fueling Brazil’s Braskem cash burn, high leverage – S&P
SAO PAULO (ICIS)--Brazilian polymers major Braskem’s financial flexibility continues to narrow as the downturn in global petrochemicals is causing a fast cash burn, so much so that measures to...
Asia base oils supply outlook: Week of 22 September
SINGAPORE (ICIS)--Asia’s Group II base oils prices stay firm relative to feedstock and gasoil prices. Firm margins point to still-balanced-to-tight fundamentals, sustaining incentive for refiners...
Asia base oils demand outlook: Week of 22 September
SINGAPORE (ICIS)--Asia’s base oils demand could turn more cautious amid signs of healthy availability and unusual change in trade flows. Limited build-up of surplus supplies so far in Q3 2025 had...
Americas/EMEA base oils supply outlook: Week of 22 September
SINGAPORE (ICIS)--US base oils prices hold in narrow range versus feedstock prices. Source: ICIS Steady Group II margins contrast with sharper fall in margins in H2 September 2024. Steady Group II...
Americas/EMEA base oils demand outlook: Week of 22 September
SINGAPORE (ICIS)--US base oils demand likely to stay more muted. Seasonal slowdown in demand in Q4 2025 incentivizes blenders to separately cut current stock levels. Unexpectedly quiet Atlantic...
Global base oils arb outlook: Week of 22 September
SINGAPORE (ICIS)--Europe’s Group II base oils prices maintain steep premium to FOB US and FOB Asia export prices. ICIS Europe’s Group II base oils prices also maintain steep premium to US...
Global base oils cargo flows: Week of 22 September
SINGAPORE (ICIS)--Cargo loadings from Taiwan could face weather-related delays over coming days. Any delays would follow loading of several more shipments from Taiwan in past week that headed on to...
Global base oils margins outlook: Week of 22 September
SINGAPORE (ICIS)--Global base oils margins mostly hold at levels that sustain incentive for refiners to separately maintain high output. Incentive for refiners to separately maintain high output puts...
China’s sulphur imports climb on demand from chemicals, fertilizer sectors
LONDON (ICIS)--Chinese sulphur imports rose by 7% in the first eight months of the year, driven by strong demand from the fertilizer and chemical sectors. Imports accelerated during the summer months...
Austrian gas industry frustrated with government over Renewable Gas Act delays
Austrian government should pass the Renewable Gas Act by the beginning of 2026 - FGW Past delays to passing this Act causing “unrest” to Austrian gas industry amid discrepancy between goals and...
Russia remains top NPK supplier to India while China’s DAP share collapses
LONDON (ICIS)--India’s diammonium phosphate (DAP) imports rose 15.9% in the period January-July 2025 year-on-year, reaching 2.34 million tonnes, up from 2.02 million tonnes in the same period of...
CEE gas markets face abundance of supplies but more ambitious vision for region needed – US, EU stakeholders
US government invites CEE, SEE traders, policymakers to discuss LNG needs Vertical Gas Corridor one part of more ambitious vision – US DoE official Denmark, Poland position Nordic Route as most...
India fuels Morocco’s DAP export boom as MAP volumes slide
LONDON (ICIS)--Morocco’s total diammonium phosphate (DAP) exports rose by 29.4% year on year in January to July 2025, reaching 2.45 million tonnes, compared with 1.89 million tonnes in the same...
China’s DAP exports to Ethiopia soar, MAP shipments to Brazil plunge
LONDON (ICIS)--China’s total diammonium phosphate (DAP) exports fell 21.7% year on year in the period January-July 2025, dropping from 2.02 million tonnes to 1.58 million tonnes, revealing the...
Teflon diet earns trio the 2025 Ig Nobel chemistry prize
The prizes that first make you laugh, then make you think reward more irreverent scientific ideas.