Industry News
Chemical Industry News
INSIGHT: Global Impact of Iran Conflict on PVC
NEW YORK--The conflict in the Middle East following the bombing of Iran by the US and Israel and the subsequent retaliatory responses by Iran on the 28 February has brought significant volatility to...
Europe Group I base oils rally braced for diesel spike
LONDON (ICIS)--European Group I base oils prices jumped this week amid higher feedstock and shipping costs, but there may be further upside on the cards as the threat of higher diesel prices persists...
GAS ALERT: Italy extends authorization for Piombino LNG terminal beyond July 2026
MILAN (ICIS)--The Italian government extended the authorization of the Piombino LNG terminal beyond its current deadline of 4 July 2026 in order to guarantee national energy security. With a decree...
Canada chem-plastics exports fall for 10th month in January
TORONTO (ICIS)--Exports of basic and industrial chemical, plastic and rubber products from Canada fell 17.3% year on year to Canadian dollar (C$) 3,002 million (US$2,207 million) in January,...
INSIGHT: China closes key Two Sessions summit, new industries set as priorities
SINGAPORE (ICIS)--China concluded its biggest annual political meeting, known as the Two Sessions, on Thursday, with clear messages that new industries such as AI will stay in the centre stage to...
Jantzen Renewables announces Romanian 360MW battery ready to build
LONDON (ICIS)--Danish-Romanian energy company, Jantzen Renewables, announces Romanian 360MW BESS project reached ready-to-build status. The Repono 1 battery will be located in Bljesti, Teleorman...
Orlen submits updated Zl 1.14 billion offer to buy Grupa Azoty Polyolefins
LONDON (ICIS)--Orlen on Thursday submitted an updated non-binding offer to acquire all shares in fellow Polish company Grupa Azoty Polyolefins (GA Polyolefins). The offer values the subsidiary of...
Indorama acquires Venator’s Spanish TiO2 business
LONDON (ICIS)--Indorama Corporation has completed the acquisition of Venator’s TiO2 manufacturing site in Huelva, Spain and associated assets, a strategic move aimed at broadening its portfolio...
Europe March contract prices rise for both polymeric and pure MDI
LONDON (ICIS)--March contracts for polymeric and pure methylene diphenyl diisocyanate (MDI) for the European market were assessed this week at increases. POLYMERIC MDIAssessed prices for March were...
European spreads to TTF adapt to Iran war supply dynamics
NBP, PVB, PEG front-month spreads to TTF begin to correct back to pre-war levels Inter-European competition for reduced LNG supply recedes after initial shock Perceived length of conflict to drive...
EU opens ADD investigation into butyl-A, 2-EHA imports
LONDON (ICIS)--The European Union (EU) has opened an initial investigation into anti-dumping duties (ADDs) on imported butyl acrylate and 2-ethylhexyl acrylate (2-EHA). The enquiry will assess...
Europe TDI March contract prices assessed at reductions
LONDON (ICIS)--March contracts for toluene diisocyanate (TDI) for the European market were assessed this week at decreases. Final March prices were consistent with absolute numbers received from...
Europe polyols March contract prices assessed at increases
LONDON (ICIS)--Slabstock conventional flexible polyether polyols contract prices in Europe for March were assessed this week as higher compared with the previous month. Prices for March were assessed...
UPDATED: Iran war curbs appetite for long term LNG capacity in Germany, increasing reliance on spot cargoes
Update: this article has been updated to include information on Deutsche ReGas' full allocation of slots at Mukran in October 2025. Additional reporting by Ghassan Zumot Traders say uncertainty and...
Plant status: SEPC planned HDPE and LDPE maintenance in Saudi Arabia to finish early April
LONDON (ICIS)--Here is a plant status report: Name: Saudi Ethylene and Polyethylene Co (SEPC) Location: Al-Jubail, Saudi Arabia Product: High-density polyethylene (HDPE), Low-density polyethylene...
ICIS EXPLAINS: QatarEnergy has declared force majeure on LNG supplies – what is next?
Market watches for customer reaction after QatarEnergy LNG force majeure Differences based on whether the offtaker is an LNG consumer or reseller Duration of the war, Hormuz access will be key...
US gas futures gain on strong demand signals
Henry Hub futures gain on bullish demand Late winter seasonality reduces colder weather bullish influence Storage data shows inventories stood 0.9% below five-year average HOUSTON (ICIS)--US natural...
Fear Europe MMA supply will tighten further as prices hit one-year high
LONDON (ICIS)--The Europe methyl methacrylate (MMA) market is bracing for further price increases as levels hit one-year highs. In the fallout of the US-Iran war, supplies of MMA to Europe, which...
Brenntag acts quickly to pass on war-induced cost increases – CEO
LONDON (ICIS)--Brenntag is moving quickly to pass on to customers the cost increases caused by the US-Iran war, which entered its 13th day on Thursday. “What we see now is clearly pricing moving...
Fertilizer stocks rally buoys Europe chemicals as markets sink
LONDON (ICIS)--A surge in fertilizer stocks in the wake of supply fears drove a rally in the Europe chemicals index despite bearish general market trading as oil prices continue to hover close to the...