Industry News
Chemical Industry News
US crops continue to mature with corn silking at 88%, soybean blooming at 85%
HOUSTON (ICIS)--US crops continued to mature towards harvest with corn acreage having reached 88% silking and soybean blooming at 85%, according to the latest crop progress report from the US...
US Tronox cuts dividend, joins Dow
HOUSTON (ICIS)--US-based pigment producer Tronox became the latest company to lower its dividend, joining Dow. Tronox is lowering its dividend by 60%, reducing capital expenditures to less than $330...
CRUDE SUMMARY: Oil prices down following OPEC+ September production hike confirmation
OPEC+ confirms 547,000 barrel/day September production increase Potential further US sanctions on Russia crude provide some support US trade deficit figures set to be released on 5 August LONDON...
Asia base oils supply outlook: Week of 4 August
SINGAPORE (ICIS)--Asia’s Group II heavy-grade base oils price-premium to gasoil holds steady at lower level, close to levels in Q4 2024. Lower heavy-grade base oils margins and falling regional...
US July PX contracts settle at rollover from June on flat demand
HOUSTON (ICIS)--US July paraxylene (PX) contracts have settled at a rollover from June as a result of flat demand from downstream polyethylene terephthalate (PET). Historically, demand picks up for...
Asia base oils demand outlook: Week of 4 August
SINGAPORE (ICIS)--Asia’s base oils demand could get support from moves to lock in supplies to meet seasonal pick-up in demand during final weeks of Q3 2025. Demand could have already gotten steady...
Americas/EMEA base oils demand outlook: Week of 4 August
SINGAPORE (ICIS)--US base oils demand likely to stay lower amid signs of healthy availability of supply. Healthy availability of supply, buyers’ sufficient stocks and seasonal slowdown in...
Global base oils cargo flows: Week of 4 August
SINGAPORE (ICIS)--Large cargo with combination of Group II light and heavy grades loads from Taiwan in early-August 2025 before heading to India. Cargo adds to surge in shipments loading from Taiwan...
Global base oils margins outlook: Week of 4 August
SINGAPORE (ICIS)--Global base oils prices mostly fall relative to feedstock/competing fuel prices, with export values under more pressure. Even at lower levels, price-differentials mostly hold at...
Global base oils arb outlook: Week of 4 August
SINGAPORE (ICIS)--Group II heavy-grade base oils premium to light grades is almost the same in US, Europe and Asia markets at same time and for first time in more than five years. Source: ICIS...
Dutch power September ’25 discount to Germany likely to hold even with strong solar – traders
Dutch September ’25 power contract has averaged a €1.828/MWh discount to Germany since the start of June The spread is likely to remain narrow, even with any additional Netherlands solar boost...
CDI US July ethylene contract prices finalized
HOUSTON (ICIS)--Contract prices for US ethylene have been finalized for July 2025. The July contract settled up 1.5 cents/lb from June to 32.25...
German border points dominate quarterly gas transit capacity auctions
Quarterly transit capacity for gas year 2025 put on block via PRISMA on 4 August Highest booking activity at entry and exit points to German grid Emden Q4 bookings suggest winter supply security...
MARGINS: Europe naphtha-based MEG margins down on more expensive feedstock
LONDON (ICIS)--Contract margins at monoethylene glycols (MEG) plants in Europe fell week on week among producers based on naphtha, while operators using liquefied petroleum gas (LPG) posted an...
Turkey CAN exports nearly double in H1 2025 on sales to Africa, Europe
LONDON (ICIS)--Exports of calcium ammonium nitrate (CAN) from Turkey rose 86% year on year in H1 2025, mainly led by strong demand from Africa and Europe. Every April each year, the Turkish...
Fertiglobe posts 11% drop in Q2 ammonia sales on UAE turnarounds
LONDON (ICIS)--Fertiglobe recorded an 11% drop in Q2 ammonia sales due to the impact of turnarounds in the United Arab Emirates (UAE) and external factors on operating rates. Urea sales also...
East Med PP prices stable ahead of August announcements
DUBAI (ICIS)--Polypropylene (PP) prices were stable during the week ended 1 August in the East Mediterranean (East Med) market amid a lack of trade activity ahead of August price announcements by...
FBMC WEEKLY: French exports likely to continue despite nuclear supply risk in week 32
LONDON (ICIS)--French power exports within the flow-based market coupling (FBMC) region could dip slightly in week 32 amid potential nuclear curtailments due to high river temperatures preventing the...
German caustic soda ECU contract margins fall, caustic prices decrease
LONDON (ICIS)--German spot chlor-alkali contract margins fell in the week ending 1 August, on the back of lower caustic soda contract prices and electrochemical unit (ECU) values. Q3 contract prices...
Slow PE demand in Pakistan amid Monsoon season, long Iran HD material availability
DUBAI (ICIS)--Polyethylene (PE) grades followed different price directions depending on grade during the week ended 1 August in the Pakistani market, with limited trade activity taking place amid...