Industry News
Chemical Industry News
Chile’s inflation flat in August as economic indicators show mixed signals
SAO PAULO (ICIS)--Chile’s monthly rate of inflation stood flat in August, compared with July, while the annual rate went down to 4.0%, from 4.3% in July, according to the statistics office INE....
SHIPPING: Asia-US container rates face downward pressure as imports wane on rising tariffs
HOUSTON (ICIS)--Shipping container rates from Asia to the US will continue to face downward pressure as import volume at the nation’s major container ports is expected to steadily decline over the...
CRUDE SUMMARY: Oil prices up as Sunday’s modest OPEC+ supply increase remains bullish for prices
Modest OPEC+ supply increase continued to be supportive for prices Continued Russian aggression in Ukraine makes Trump’s threats of second phase in sanctions more likely Israeli attacks on Hamas...
Germany August auto output falls 21% amid turnarounds; US tariffs impact industry
LONDON (ICIS)--Germany’s auto production fell 21% year on year in August, due to scheduled maintenance turnarounds and employee holidays, according to data by the German Association of the...
Mexico’s inflation uptick to 3.6% unlikely to deter Banxico rate cut – analysts
SAO PAULO (ICIS)--Mexico’s annual rate of inflation rose to 3.6% in August, up from 3.5% in July, but the rate remains within the central bank’s 2-4% target range for the second consecutive...
Mexico’s Braskem Idesa high leverage, petchems downturn make liquidity relief indispensable – S&P
SAO PAULO (ICIS)--Mexico’s polyethylene (PE) producer Braskem Idesa has posted worsening financials this year while its leverage remains high, making it the perfect storm for a likely liquidity...
US epoxy resins imports no longer exempt from reciprocal tariffs
HOUSTON (ICIS)--Imports of epoxy resins into the US are no longer exempt from reciprocal tariffs as they have been removed from Annex II, according to an Executive Order from 5 September. These are...
Mexico’s new hydrocarbons bill threatens $55 billion petrochemicals investment potential – ANIQ
SAO PAULO (ICIS)--The new hydrocarbons regulations soon to be approved by Mexico's parliament could deter firms from investing billions in the country's petrochemicals sector, chemicals trade group...
Azelis acquires Swiss chemicals distributor Distona
LONDON (ICIS)--Azelis has acquired Swiss industrial chemicals distributor Distona for an undisclosed sum. Distona, of Rapperswil-Jona near Zurich, serves more than 150 customers in the coatings,...
Germany July manufacturing output rises 2.2% from June, chemicals off 0.1%
LONDON (ICIS)--Manufacturing output in Germany rose 2.2% month on month in July, according to the latest statistical data. Month-on-month % change: Chemicals: -0.1% Metal products: -0.2% Machinery:...
Germany’s economy ministry eyes larger gas build following BnetzA power security-of-supply study
BNetzA study suggests Germany needs around 22GW new firm capacity by 2035, up to 35.5GW if energy transition is delayed BNetzA’s model starts from today’s fleet and adds hydrogen-ready gas,...
GASTECH: LNG supply deals and regulatory speed – US political focus at Gastech
MILAN (ICIS)--US officials highlighted new US LNG supply deals with European buyers and faster domestic US regulation at the Gastech conference on Tuesday. “A big part of this trip is to build LNG...
German caustic soda ECU contract margins rise, chlorine values higher
LONDON (ICIS)--German spot chlor-alkali contract margins rose in the week ending 5 September, on the back of higher electrochemical unit (ECU) values. Energy costs also rose, but this was outweighed...
India’s NFL expected to buy 2.5 million tonnes of urea
LONDON (ICIS)--In India, National Fertilizers Limited (NFL) is expected to buy 2.5 million tonnes of urea in its latest tender although a final decision is not confirmed, several traders said today....
Georgia-Pacific acquires US thermoformer Anchor Packaging
HOUSTON (ICIS)--Georgia-Pacific has agreed to acquire Anchor Packaging from private equity firm TJC (formerly The Jordan Company) for an undisclosed sum. Anchor Packaging, based in St Louis,...
INSIGHT: Future US R-PET imports in question after disappointing summer, added reciprocal tariff cost
HOUSTON (ICIS)--The US recycled polyethylene terephthalate (R-PET) market has proven to be extremely volatile over the last few years, between domestic supply shortages which skyrocketed prices, to...
US small business confidence improves, labor quality a top concern
HOUSTON (ICIS)--US small business confidence improved for a second month in August, but employers are worried about a lack of qualified labor, according to the latest survey by the National...
Tory pledge to end net-zero North Sea production restrictions could see rebound in UK gas
End to net-zero pledge could see sharp uptake in domestic production Domestic production fell 21% between 2022 and 2024 Greater domestic production could relieve reliance on foreign gas imports...
Thioesters could explain how proteins first formed on early Earth
Cells use proteins to make other proteins – new research could explain how the first proteins arose without other enzymes directing the process
India’s August lube demand rises
SINGAPORE (ICIS)--India’s lube demand rose in August, curbing the size of any pick-up in blenders’ stocks at a time of year when monsoon rains typically trigger a slowdown in consumption. Lube...