Industry News
Chemical Industry News
INEOS Oxide seeking increases on US MEG and DEG, effective 15 April
HOUSTON (ICIS)--INEOS Oxide is seeking a price increase on US monoethylene glycol (MEG) and diethylene glycol (DEG), effective 15 April, according to a customer letter. The price increase nominations...
Global sulphuric acid offers climb on supply concerns, increasing demand
LONDON (ICIS)--Sulphuric acid pricing has firmed across the globe as the ripple effect of the Middle East conflict continues to pressure availability of burner feedstock sulphur - along with oil,...
GRAPHIC DETAIL: Vitol the big seller as May Brent contract expires
LONDON (ICIS)--Vitol was the major seller as the May Brent contract expired on 31 March, responsible for 44 of the 53 June EFP and May/June BFOETM spread trades on the day. This total is the
India’s MEG import duty exemption likely to further increase US export volumes
HOUSTON (ICIS)--India has announced a temporary exemption on basic customs duties on key petrochemicals, including monoethylene glycol (MEG), from 2 April to 30 June, according to the official order....
Europe’s domestic Group I spot prices rally amid “sold out” spot market
LONDON (ICIS)--European Group I base oils spot prices were locked in an upward trend on diesel profitability, tight supply and formulation switching. All grades gained USD$150.00/tonne this week...
Europe SBR spot prices spike by triple digits on feedstock costs and supply tightness
LONDON (ICIS)--European styrene butadiene rubber (SBR) spot prices continued to rocket upwards, with prices assessed at triple-digit increases this week. Spot 1500 dry grade prices have been assessed...
Europe styrene April Blended Formula Index soars on cost, spot gains
LONDON (ICIS)--The Europe styrene April Blended Formula Index was assessed increasing €303/tonne from March, with support from sharply higher spot and feedstock prices in recent weeks. The April...
US natural gas futures trend lower during shoulder season
Henry Hub futures trend lower during shoulder season US LNG feedgas demand increased week on week Storage data shows inventories stood 3% above five-year average HOUSTON (ICIS)—US natural gas...
Hungarian gas flows shift dramatically on 1 April as Ukrainian import demand plunges
Hungarian gas flows change significantly on 1 April Exports to Ukraine fall to zero but Slovakia taking more Regional price spreads also shifting, with Hungary’s MGP rising above Austrian VTP...
Europe Q2 sulphuric acid supply contract talks indicate increases ahead
LONDON (ICIS)--Sulphuric acid supply contract talks are in progress across northwest Europe, with increases seen as likely for both smelter and burner acid. Upstream, burner feedstock sulphur supply...
Industry overcapacity weighs on outlook for Hanwha Total Petchem – Moody’s
LONDON (ICIS)--Despite the Middle East conflict, South Korea’s Hanwha TotalEnergies Petrochemical (HTP) should improve earnings this year, credit watchdog Moody’s said in an update on Thursday....
German chemical industry climate plunges on Middle East war impacts
LONDON (ICIS)--Impacts from the ongoing Middle East war that started on 28 February are hitting Germany’s already struggling chemical industry “with full force,” Munich-based research group ifo...
Indorama Ventures pursues 9 cent/lb PET price surcharge in Mexico
SAO PAULO (ICIS)--Indorama Ventures announced it is seeking a 9 cent/lb ($198/tonne) price surcharge on polyethylene terephthalate (PET) in Mexico for all orders from 1 April. The increase replaces...
Europe Melamine spot prices rise double-digits; pace slows, but import supply remains limited
LONDON (ICIS)--European melamine spot prices continued to climb this week, albeit at a slower pace compared to March. Spot prices have been rising for the past four consecutive weeks, as the Middle...
CDI US March ethylene contract prices finalized
HOUSTON (ICIS)--Contract prices for US ethylene have been finalized for March 2026. The contract price settled at 32.50 cents/lb, a 2.25 cents/lb increase from...
LNG Compass: Developments at Hormuz and Panama
LNG Compass is a column from the ICIS LNG analyst team highlighting key factors impacting supply, demand and prices; helping traders navigate their way through volatile global markets. Panama Canal...
Two states of water & science sleuths
In this episode, we discuss the two-state model of water, how science sleuths are fighting disinformation, and hear the latest headlines.
Explosive growth in metal–organic framework research is concentrated in China
China contributes about 59% of global MOF publications, with the US in second place and the UK towards the bottom, analysis finds
Merck Acquires JSR Chromatography Business
Merck announced that it has successfully closed the acquisition of the chromatography business of JSR Life Sciences. The acquisition adds Amsphere™ Protein A resins and advanced Protein A chromatography capabilities to Merck’s downstream processing portfolio,
UK government nominates Leszek Borysiewicz as next UKRI chair
Immunologist has held numerous roles in scientific administration, including at the University of Cambridge, MRC and CRUK