Industry News
Chemical Industry News
NYMEX: Henry Hub steadies after prior day’s storage-driven losses
US natural gas futures edged slightly higher on 12 September following the previous day’s larger-than-expected storage build The October front-month contract settled at $2.941/MMBtu, up 0.2% from...
Europe PTA under pressure amid weak demand and trade shifts
LONDON (ICIS)--European purified terephthalic acid (PTA) demand remains weak, with low downstream activity and poor summer performance limiting offtake. Imports from South Korea and Mexico face...
European PET demand weak amid imports, economic pressure
LONDON (ICIS)--European polyethylene terephthalate (PET) demand continues to struggle following a poor summer season, with weak consumer activity and high-cost inventories weighing on sentiment....
Colombia’s manufacturing surges but consumer confidence retreats in August
SAO PAULO (ICIS)-Colombia's petrochemicals-intensive manufacturing sectors posted their strongest performance in over three years during August, though consumer confidence declined sharply. The...
CRUDE SUMMARY: Crude prices end week higher as geopolitical risk outweighs oversupply concerns
Ukraine continues to strike Russian oil infrastructure Middle East tensions ease but market wary of further Israeli moves to target Hamas leadership IEA predicts major crude oversupply in Q4 US oil...
Canada Q2 manufacturing capacity utilization falls to 76.7%, but chemicals rise
TORONTO (ICIS)--Canadian manufacturing capacity utilization fell to 76.7% in Q2, but utilization in the chemical industry rose, according to data from federal agency Statistics Canada (StatCan) on...
Plant status: Dow BD turnaround ongoing in Terneuzen, Netherlands – sources
LONDON (ICIS)--Here is a plant status report: Name: Dow Chemical Location: Terneuzen, Netherlands Product: Butadiene (BD) Capacity (tonnes/year): Two lines totalling 175,000 Event start: September...
ICIS GAS INSIGHT WEEK 37 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 37. GRAPHIC DETAIL: Russian LNG exports and sanctions: The...
Plant status: INEOS Oxide schedules glycol ethers maintenance at Lavera – sources
LONDON (ICIS)--Here is a plant status report: Name: INEOS Oxide Location: Lavera, France Product: Glycol ethers Capacity (tonnes/year): 135,000 Event start: Late Q3/early Q4 Event finish: Late...
ICIS POWER INSIGHT WEEK 37 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 37. FBMC WEEKLY: Low wind, high temperatures to support...
Europe acetone FD spot weakness continues as September demand disappoints
LONDON (ICIS)--The European acetone free delivered (FD) spot market remains weak. Supply is long and demand is limited on disappointing September restocking and underlying demand softness. Prices are...
UK’s Atome signs 10-year fertilizer offtake deal with Yara for Paraguay CAN plant
SAO PAULO (ICIS)--Atome has finalized a minimum 10-year offtake agreement with Norwegian major Yara for the entire 260,000-tonne annual production of calcium ammonium nitrate (CAN) from its Villeta...
Europe methanol spot prices extend gains for seventh straight week
LONDON (ICIS)--European methanol spot prices continue to rise for the seventh consecutive week, supported by an active trading period. The last four weeks saw steady spot appetite in the European...
US consumer sentiment falls for second month; housing affordability improves
LONDON (ICIS)--US consumer sentiment fell for a second consecutive month in September amid worries about jobs, inflation, and tariffs and trade, according to preliminary findings of the Michigan...
Future of Hungary’s 2.4GW Paks II nuclear reactors uncertain amid court ruling
By Johnathan Hamilton-Eve and Tatjana Jovanovic European Court of Justice annulled European Commission approval on Hungarian state aid funding for Paks II NPP project on 11 September Court ruling...
WEEKLY POWER OUTLOOK: High wind power output likely to pressure German, UK spot prices in week 38
LONDON (ICIS)-- Well above average wind power output forecast across central western Europe and the UK could pressure spot prices across certain regions through week 38. FRONT-WEEK PRICE DRIVERS UK...
Ukrainian gas import demand may lift October ’25 Austrian VTP premium over TTF
Naftogaz must step up injections to hit winter target Polish maintenance work to cut flows later in October Slovak route may reopen if premiums widen LONDON (ICIS)--Rising Ukrainian demand for...
Latest issue of ICIS Chemical Business now live – Top 100 Chemical Companies
NEW YORK (ICIS)--The latest issue of ICIS Chemical Business featuring the ICIS Top 100 Chemical Companies is now live. Under "Latest Issue" click "Download" to access the PDF magazine. We present the...
WEEKLY GAS OUTLOOK: European gas prices could ease in week 38 on strong winds, mild temperatures
FRANKFURT (ICIS)--European gas prices are likely to face downward pressure in week 38 as mild temperatures and strong winds are forecast to curb CCGT runs across key gas hubs. Renewables are set to...
Germany CPI inflation accelerates: early data points to soft August manufacturing
LONDON (ICIS)--Inflation in Germany, as measured by the consumer price index (CPI), rose 2.2% year on year in August, accelerating from a 2.0% pace in both June and July, according to government...