Industry News
Chemical Industry News
Indonesia to inject Rp200 trillion to boost economy
SINGAPORE (ICIS)--Indonesia plans to place about rupiah (Rp) 200 trillion ($12.1 billion) from its cash reserves into the economy to boost growth, according to newly appointed finance minister...
China July LLDPE exports to Vietnam surge over sevenfold on year
SINGAPORE (ICIS)--China’s exports of linear low density polyethylene (LLDPE) in July this year increased over seven times compared with July 2024, according to the latest data from the ICIS...
Japan eyes consolidation of ethylene, VAM plants
YINCHUAN, China (ICIS)--Japan is eyeing further restructuring of its petrochemical market, which could see an expansion of its vinyl acetate monomer (VAM) imports in the late 2020s and beyond. Japan...
Plant status: China’s Kellin shuts acetone-, C3-based IPA units
SINGAPORE (ICIS)--Here is a plant status report: Name: Kellin Chemical Location: Zhangjiagang, Jiangsu, China Product: Isopropanol (IPA) Capacity (tonnes/year): 100,000 (acetone-route line) and...
Plant status: Taiwan’s Chang Chun restarts acetic acid unit
YINCHUAN, CHINA (ICIS)--Here is a plant status report: Name: Chang Chun Petrochemical Location: Mai Liao, Taiwan Product: Acetic acid Capacity (tonnes/year): 600,000 Event start: 1 August Event...
AcouBatt and Hovanka win Grand Finale of the third annual INNOVA Europe competition
Students and young entrepreneurs representing Europe’s top business schools participated in the Grand Finale of the third annual INNOVA Europe competition at ESMT. This year’s event brought together eleven leading business schools. This group of
NYMEX: Henry Hub slips on LNG outages as storage surplus looms
US natural gas futures edged lower on 10 September as LNG feedgas demand eased due to plant outages The October 2025 Henry Hub contract on NYMEX settled at $3.029/MMBtu, down 2.9% from the previous...
Argentina’s inflation keeps falling; wider faltering indicators cut Milei hopes
SAO PAULO (ICIS)--Argentina’s annual rate of inflation continued to fall in August, but other indicators are starting to falter, casting doubts about the long-term viability of President Javier...
INSIGHT: Global ethylene and PE cycle to bottom by 2028/2029 even with capacity closures – ICIS analysis
NEW YORK (ICIS)--Growing announcements of cracker and downstream plant shutdowns worldwide are a big step in the right direction, but these are not yet enough to prevent another leg of an...
CRUDE SUMMARY: Crude benchmarks up as geopolitical issues add to risk premium
Israel’s attack on Hamas leadership in Doha yet to lead to any reprisals Russian drones enter Polish airspace US EIA expects bearish outlook for prices from rising inventories LONDON (ICIS)--Oil...
SHIPPING: All terminals open at US Port of Long Beach amid recovery of fallen containers
HOUSTON (ICIS)--All terminals are open and operable at the Port of Long Beach as efforts are underway to recover 67 shipping containers that fell off a vessel on Tuesday. A unified command has been...
Brazil’s inflation posts first fall in 12 months; rates to stay put for time being – analysts
SAO PAULO (ICIS)--Brazil’s annual rate of inflation fell to 5.13%, down from 5.23% in July, although the downward trend still has to consolidate for the central bank to lower interest rates,...
European refinery solvents numbers mixed; supply closely watched
LONDON (ICIS)--European free delivered (FD) spot prices for white spirit and solvent naphtha (C9) consolidated within their existing ranges this week, with some previously reported higher values no...
N America chemical rail traffic falls for first time in four weeks, US off 8.8%
HOUSTON (ICIS)--North American chemical rail traffic fell 2.2% year on year to 44,404 railcar loadings for the week ended 6 September, the first decline after three consecutive increases, according...
US July base oils imports slip
SINGAPORE (ICIS)--US base oils imports fell in July on the back of a slump in shipments from the Middle East. An unusual surge in supplies from Canada cushioned the fall. A seasonal slowdown in US...
Europe MTBE prices rise; average Eurobob levels decrease
LONDON (ICIS)--European methyl tertiary butyl ether (MTBE) average spot prices have increased in the week ending 5 September. The Eurobob gasoline average price was lower compared to the previous...
Plant status: INEOS Oxide schedules ethanolamines maintenance at Lavera – sources
LONDON (ICIS)--Here is a plant status report: Name: INEOS Oxide Location: Lavera, France Product: Ethanolamines Capacity (tonnes/year): 55,000 Event start: Late Q3/early Q4 Event finish: Late...
US producer prices drop unexpectedly in August, first decline in four months
HOUSTON (ICIS)--The US producer price index (PPI) fell 0.1% month on month in August, marking the first decline since April, according to data from the Bureau of Labor Statistics (BLS) on Wednesday....
India seeks comments in MEG anti-dumping investigation
SINGAPORE (ICIS)--India will seek comments in its ongoing anti-dumping investigation into monoethylene glycol (MEG) imports from Kuwait, Saudi Arabia, and Singapore by 17 September, after the...
Nuclear baseload to complement homegrown renewables – European Commission
Nuclear baseload power supply will complement renewable generation in European energy security, Commission president says This homegrown energy is needed to help phase out Russian fossil fuels, she...