Industry News
Chemical Industry News
SI Group is on track for financial restructuring – Moody’s
HOUSTON (ICIS)--SI Group is on track to restructure its finances because its high financial leverage and weak liquidity are unsustainable, Moody's Ratings said on Friday. SI Group's total available...
NYMEX: US gas futures reverse recent gradual gains on weaker near-term fundamentals
Front-month US natural gas futures dipped lower on 5 September after the latest data showed a larger-than-average storage build, which will likely not be the last large increase in volumes The...
EU pauses probe into ADNOC acquisition of Covestro, putting deal in doubt
BARCELONA AND NEW YORK (ICIS)--The European Commission has paused its investigation into ADNOC's planned acquisition of Germany-based Covestro until it receives further information requested for the...
Plant status: US Indorama begins scheduled turnaround on PG, PO at Port Neches, Texas site
HOUSTON (ICIS)--Here is a plant status report: Name: Indorama Ventures Location: Port Neches, Texas, USA Product: Propylene glycol (PG), propylene oxide (PO) Capacity (tonnes/year): 66,000 (PG),...
CRUDE SUMMARY: Oil prices down as increased US crude inventories exacerbate impact of OPEC+ supply talk
US EIA weekly report showed crude inventories unexpectedly rose last week This followed similar news from the API Concerns OPEC+ may announce another output increase keeping oil prices under pressure...
Japan agrees to buy billions in US ag, energy as part of trade deal
HOUSTON (ICIS)--Japan has agreed to purchase $8 billion/year of US agricultural imports and $7 billion/year of US energy as part of a framework agreement reached by the two countries, the US...
Plant status: Japan’s Keiyo Ethylene to undergo cracker overhaul in H2 January 2026
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:...
Plant status: Japan’s Crasus Chemical to overhaul cracker in Q1 2026
SINGAPORE (ICIS)--Here is a plant status report: Name: Crasus Chemical (formerly known as Resonac) Location: Oita, Japan Product: Ethylene, propylene, crude C4s Capacity (tonnes/year): 694,000...
European PET prices slip below €900/tonne psychological barrier
LONDON (ICIS)--The long-standing psychological threshold of €900/tonne free delivered (FD) Europe has been breached, indicating a downturn in prices within the European polyethylene terephthalate...
Canada August light vehicle sales fall 2.9%; government suspends EV mandate
TORONTO (ICIS)--Sales of light vehicles (passenger autos and light trucks) in Canada fell 2.9% year on year to an estimated 160,000 units in August, according to DesRosiers Automotive Consultants...
Dismal Europe PET demand in peak summer season spreads into September
LONDON (ICIS)--In Europe, the demand landscape for polyethylene terephthalate (PET) remains bleak as buyers and sellers criticize the lackluster low-end consumption that continues to plague the...
ICIS POWER INSIGHT WEEK 36 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 36. FBMC WEEKLY: German, Austrian power imports likely...
WEEKLY POWER OUTLOOK: Weak wind, solar in Europe drive bullish momentum early in week 37
LONDON (ICIS)--A lull in wind generation and below-average solar output are likely to support spot prices across western Europe in the first half of the week. However, rising wind generation later in...
Europe toluene September contract price flat on previous month
LONDON (ICIS)--The European toluene September contract price has been assessed at a rollover on August. The September toluene contract was assessed at $880/ tonne FOB (free on board) NWE (northwest...
European acetone domestic spot prices slide as September demand fails to deliver
LONDON (ICIS)--European acetone domestic spot prices were slightly weaker this week as supply outstripped demand. Some sources saw prices as steady, but others said some sellers had reduced numbers...
Canada loses 66,000 jobs in August, unemployment rate rises to 7.1%
TORONTO (ICIS)--Canada’s economy lost nearly 66,000 jobs month on month in August and the unemployment rate rose to 7.1% (July: 6.9%), according to data from federal agency Statistics Canada...
High US gas production set to cap Henry Hub prices
US natural gas producers expected to maintain output Storage above five-year average set to leave LNG demand impact modest 2H 2025 Henry Hub prices expected soft and stable, with mild winter upward...
Europe methanol spot prices rise for sixth straight week amid strong demand
LONDON (ICIS)--European methanol spot prices have firmed for the sixth consecutive week, buoyed by sustained buying appetite for September-loading volumes. Prices have rebounded this quarter to...
ICIS GAS INSIGHT WEEK 36 NEWS IN BRIEF
This news summary was generated via Ask ICIS LONDON (ICIS)--Please find below a short summary of the key gas stories ICIS published in week 36. LNG arrivals drive French PEG gas winter downside amid...
Long-term fixed-price offtake contracts for hydrogen proving unworkable – Investing in Hydrogen conference
LONDON (ICIS)--On 2-3 September, ICIS attended the Investing in Hydrogen conference presented by Leader Associates. Here are four key talking points raised in panel discussions at the event, which...