Industry News
Chemical Industry News
TTF discount to Asia price widens on reduced weather risk, rising LNG shipping rates
TTF sheds winter risk premium as on mild December forecasts, LNG supply growth Growing US supply, higher shipping rates supportive of TTF discount to EAX TTF Curve backwardation may drive elevated...
China domestic MLLDPE prices weighed down by ample supply, poor demand
SINGAPORE (ICIS)--Metallocene linear low-density polyethylene (MLLDPE) prices in China's domestic market continue to be weighed down by poor demand and ample availability. Locally-produced...
Europe PMMA consumption expected to crater in 2025
LONDON (ICIS)--European polymethyl methacrylate (PMMA) consumption will fall considerably from 2024 levels in 2025, alongside a similar drop in imported volumes, according to ICIS trade and...
TTF discount to Asia price widens on reduced weather risk, rising shipping rates
TTF sheds winter risk premium as on mild December forecasts, LNG supply growth Growing US supply, higher shipping rates supportive of TTF discount to EAX TTF Curve backwardation may drive elevated...
Plant status: China’s Shandong Hualu Hengsheng shuts adipic acid plant
SINGAPORE (ICIS)--Here is a plant status report: Name: Shandong Hualu Hengsheng Location: Dezhou, China Product: Adipic acid (ADA) Capacity (tonnes/year): 80,000 Event start: 29 November Event...
East China’s SM inventory rises 0.3% with less arrivals from last week
SINGAPORE (ICIS)--Styrene monomer (SM) stocks in east China increased by 0.3% week on week, ICIS data showed on Wednesday. Total inventories were 172,300 tonnes, increasing by 500 tonnes from the...
SE Asia MLLDPE prices under pressure with some suppliers keen to destock
SINGAPORE (ICIS)--Spot prices of metallocene linear low-density polyethylene (MLLDPE) in southeast Asia are seeing pressure, as suppliers look to relieve inventory pressure amid weak demand. Some...
ICIS TTF Early Day assessments: 3 December 2025
- Planned and unplanned maintenance has rendered 50.4mcm/day offline on 3 December, with process problems at the Norwegian gas asset at Troll amounting to 8mcm/day - Gassco - LNG storage at major...
UKRI opens up grant proposal data to explore using AI to smooth peer review
Surging applications has led the UK’s main funder to look at ways to reduce the burden on reviewers
GAS ALERT: The European Council and European parliament reach provisional agreement on Russian gas phase out
The European Council presidency and representatives of the European Parliament reached a provisional agreement on regulations to phase out imports of Russian natural gas, including LNG, according to...
Plant status: China’s Sinopec Great Wall to shut acetic acid plant
SINGAPORE (ICIS)--Here is a plant status report: Name: Sinopec Great Wall Energy and Chemical Location: Ningdong, Ningxia, China Product: Acetic acid Capacity (tonnes/year): 410,000 Event start:...
China average BDO plants’ run rate down on plant maintenance
SINGAPORE (ICIS)--The average run rate of butanediol (BDO) plants in China fell as Xinjiang Xinye shut No 2 plant for catalyst change. While Inner Mongolia Huaheng restarted No 3 line and Xinjiang...
Plant status: China’s Sinochem Quanzhou shuts HDPE unit for maintenance
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...
Plant status: China Datang Duolun to restart PP units
SINGAPORE (ICIS)--Here is a plant status report: Name: China Datang Duolun Location: Inner Mongolia, China Product: Polypropylene (PP) Capacity (tonnes/year): 460,000 (two in total) Event start: 30...
Malaysia-UAE trade deal to eliminate tariffs on plastics by 2030
SINGAPORE (ICIS)--The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Malaysia has entered into force, immediately initiating the phased elimination of tariffs on key plastic...
Plant status: Malaysia’s PETRONAS shuts butac plant; feedstock-related
SINGAPORE (ICIS)--Here is a plant status report: Name: Petronas Chemicals Location: Kerteh, Terengganu, Malaysia Product: Butyl acetate (butac) Capacity (tonnes/year): 50,000 Event start:...
Asia MEG lull market sustains, trade to be subdued until year-end
SINGAPORE (ICIS)--Asia’s spot monoethylene glycol (MEG) market is set to end 2025 on a dull note as weak fundamentals continue to weigh on discussions. Spot MEG prices returned to below $500/tonne...
China Nov PP output falls on unplanned plant shutdowns
SINGAPORE (ICIS)--China’s polypropylene (PP) output in November fell by 1.9% month on month to around 3.31 million tonnes amid unplanned plant shutdowns, ICIS data showed. On a year-on-year basis,...
China Nov PE output falls slightly on plant shutdowns
SINGAPORE (ICIS)--China’s polyethylene (PE) output in November fell by 0.5% month on month to around 2.78 million tonnes, as some plants were shut down, ICIS data showed. On a year-on-year basis,...
Plant status: China’s Shenma Group begins ADA unit turnaround
SINGAPORE (ICIS)--Here is a plant status report: Name: Shenma Group Location: Pingdingshan, China Product: Adipic acid (ADA) Capacity (tonnes/year): 150,000 Event start: 2 December Event finish: 8...