Industry News
Chemical Industry News
European BD export indications stable-to-soft; Asia market falls sharply
LONDON (ICIS)--European butadiene (BD) export prices were stable-to-soft this week, due to losses seen in the Asia market. Sharp downward pricing pressure in Asia continued this week as prompt spot...
CRUDE SUMMARY: Crude prices show large weekly gain despite hopes of weekend peace talks
Reports that Iranian foreign minister on the way to Islamabad No formal talks planned but reports that US envoys also heading to Pakistan Oil prices set for continued gains while Strait of Hormuz...
Europe styrene weighted average up for fifth consecutive month in April
LONDON (ICIS)--The Europe styrene monthly weighted average spot price has been assessed higher for a fifth consecutive month in April. The April weighted average was assessed at $1,718/tonne, up by...
Plant status: AmSty US Allyn’s Point PS site turnaround set for early May – sources
HOUSTON (ICIS)--Here is a plant status report: Name: Americas Styrenics (AmSty) Location: Allyn's Point, Connecticut Product: General purpose polystyrene (GPPS) Capacity (tonnes/year): 115,000 Event...
US consumer sentiment picks up after Iran war ceasefire
HOUSTON (ICIS)--The University of Michigan’s Index of Consumer Sentiment fell to 49.8 points in April, down 6.6% from 53.3 in March, but was higher than initially expected, the university said in...
Mexico’s Alpek poised to beat earnings target as Middle East conflict widens PET, PP spreads – bank
SAO PAULO (ICIS)--Mexican petrochemicals major Alpek could surpass its full-year 2026 earnings target as disruption to shipping through the Strait of Hormuz drives a sharp expansion in margins for...
Europe methanol spot prices cool off after hitting record highs
LONDON (ICIS)--European methanol spot prices declined by 2% based on the ICIS mid-point, after reaching record highs last week. This marks the first decrease since late February 2026. Uncertainty...
Plant status: TotalEnergies’ Gonfreville PX, OX production shuts due to maintenance
LONDON (ICIS)--Here is a plant status report: Name: TotalEnergies Location: Gonfreville, France Products: Paraxylene (PX) and orthoxylene (OX) Capacity (tonnes/year): 110,000 PX, 110,000 OX Event...
IMO’s green ambitions could run aground, as Net-Zero Framework hangs in balance
World's shipping regulator faces pivotal week — and the odds against it have shortened considerably While the IMO does not need full consensus, its April 2025 MEPC 83 approval only required a...
Norway’s Yara sees ammonia production drop as Middle East conflict hits fertilizer market
LONDON (ICIS)--Yara’s ammonia production has dropped to 1.61 million tonnes in the first quarter of 2026 from 1.72 million tonnes in the same period a year ago, the Norwegian fertilizer major said....
European acetone spot truck prices flounder on low demand, increased supply
LONDON (ICIS)--European spot acetone truck prices decreased this week as demand tailed off at month end and the extreme tightness noted previously in April eased. This is a result of some slight...
Mitsubishi Chem delays startup of UK EVOH expansion to 2027
LONDON (ICIS)--The startup of Mitsubishi Chemical Group’s (MCG) 21,000 tonne/year capacity expansion for ethylene vinyl alcohol (EVOH) copolymer resin at Hull in northeast England has been delayed...
Europe ethanolamines prices extend gains in April in tight market
LONDON (ICIS)--Europe ethanolamines prices have seen another consecutive month of significant increases in April on the back of tightening domestic and international supply, cost hikes and a spate of...
ICIS POWER INSIGHT WEEK 17 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 17. FBMC WEEKLY: Wide renewable and nuclear margins to...
Plant status: Anwil’s PVC production reduced in Poland – market sources
LONDON (ICIS)--Here is a plant status report: Name: Anwil Location: Wloclawek, Poland Product: Polyvinyl chloride (PVC) Capacity (tonnes/year): 340,000 Event start: March Event finish: Unknown...
Plant status: Socar methanol Karadagh plant restart April
LONDON (ICIS)--Here is a plant status report: Name: Socar Location: Karadagh, Azerbaijan Product: Methanol Capacity (tonnes/year): 561,000 Event start: January Event finish: April Reason: Planned...
Apollo to acquire 40% stake in Canadian gas processing and NGL business
TORONTO (ICIS)--US private equity firm Apollo has agreed to acquire the 40% stake in Canada’s Pembina Gas Infrastructure (PGI) held by KKR, also a private equity firm. PGI has 23 gas processing...
WEEKLY POWER OUTLOOK: UK likely to be net power importer in front week amid strong price premiums
LONDON (ICIS)--The UK is likely to remain a net power importer through week 18, with ICIS data showing prices are at a significant premium to the French counterpart and above the Dutch and German...
Poland’s Azoty makes estimated Zl 4.1bn Q4 net loss on impairments
LONDON (ICIS)--Poland’s Grupa Azoty late on Thursday posted an estimated Q4 2025 net loss of zlotych (Zl) 4.1 billion ($1.1 billion) versus a loss of Zl 103 million in the same quarter of the...
Plant status: Japan’s Keiyo Ethylene restarts cracker from turnaround
SINGAPORE (ICIS)--Here is a plant status report: Name: Keiyo Ethylene Location: Chiba, Japan Product: Ethylene, propylene Capacity (tonnes/year): 768,000 (ethylene), 450,000 (propylene) Event start:...