Industry News
Chemical Industry News
Asia-US container rates mixed as carriers increase blank sailings, announce Nov hikes
HOUSTON (ICIS)--Rates for shipping containers from Asia to the US were mixed week on week but face short-term upward pressure as carriers have introduced general rate increases (GRIs) and have...
CRUDE SUMMARY: Oil prices steady as oversupply concerns vie with US-China trade tensions
Oversupply concerns continue to weigh Zelensky-Trump meeting in White House as war continues Trump-Putin summit could indicate US will ease pressure on Russia US onshore oil rig count remains...
Chemical tanker spot rates fall in both directions between Asia and Europe
LONDON (ICIS)--Chemical tanker spot freight rates between Asia to Europe and the reverse Europe to Asia routes fell in the week ending 17 October compared with the previous week, based on market...
Global EO markets maneuvering derivative market challenges while ramping up for 2026 annual contract discussions
HOUSTON (ICIS)--The US and Europe ethylene oxide (EO) markets are preparing for annual contract discussions through Q4, navigating new and existing regional challenges. US EO contract discussions...
Intra-Europe chemical tanker spot rates rise on delays caused by industrial action
LONDON (ICIS)--Chemical tanker spot freight rates have risen on all ICIS assessed intra-European routes in the week ending 17 October, compared with previous week, as delays caused by industrial...
S Korea C3 exports may decrease year on year on shutdowns
XI'AN (ICIS)--South Korean export volumes for propylene (C3) are expected to be lower in 2026 compared with 2025 amid sustained outages and anticipated long-term shutdowns. According to market...
Europe’s August Group III base oils supply holds firm
SINGAPORE (ICIS)--Europe’s Group III base oils supply rose in August to its highest level this year amid a pick-up in shipments from the Middle East and southeast Asia. Supply showed signs of...
Europe BPA spot prices notionally down, amid weak fundamentals
LONDON (ICIS)--European bisphenol A (BPA) domestic spot prices have notionally been lowered, in an inactive market, as spot buying has pretty much ground to a halt and in the hope of moving some...
C3 traders eye SEA markets as NEA opportunities dry up
XI'AN (ICIS)--Southeast Asia is set to see increased trading activity in 2026 as northeast Asian export opportunities dry up, according to market participants on the sidelines of the International...
ICIS POWER INSIGHT WEEK 42 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 42. FBMC WEEKLY: Low wind set to keep spot prices...
ICIS GAS INSIGHT WEEK 42 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 42. Germany sees higher pipeline imports, rising LNG...
Europe methanol spot prices roll over in steady market conditions
LONDON (ICIS)--European methanol spot prices rolled over this week, reflecting steady market conditions. Despite Equinor's planned maintenance underway this month, the domestic market is...
WEEKLY GAS OUTLOOK: Mild, windy weather set to cap EU gas demand in week 43
LONDON (ICIS)-- European gas demand may drop in week 43 as weather is set to shift considerably to bearish conditions from below-average temperatures and weak renewable generation seen for most of...
Supply of refrigerated ships to weigh on Asia propylene export opportunities
XI'AN (ICIS)--According to ICIS data, northeast Asia propylene supply will exceed overall demand in 2027, raising the question of where this surplus will likely go. According to market participants...
Finnish Inkoo terminal 2026 LNG slot demand weak
By Brendan A'Hearn Finland's Inkoo terminal allocates seven out of 20 slots for 2026 Utilisation of the terminal drops in 2025 with only 10 cargos received so far Inkoo is more expensive than...
Japan’s Daicel plans to integrate Polyplastics business
LONDON (ICIS)--Daicel plans to integrate the Polyplastics engineering plastics business through an “absorption-type company split”, effective 1 April 2026, the Japanese company said in a...
MEGlobal’s Nov MEG ACP down by $20/tonne
SINGAPORE (ICIS)--MEGlobal has nominated its November 2025 monoethylene glycol (MEG) Asian Contract Price (ACP) at $630/tonne, a company source said. The November nomination is $20/tonne lower...
European acetone spot prices soft to steady as supply overhang continues
LONDON (ICIS)--European acetone free delivered (FD) spot prices were soft to stable this week as supply continued to outweigh demand. The market was still digesting the news of the downstream closure...
VIDEO: K ’25: Europe R-PET looking for signs of hope in depressed market
LONDON (ICIS)--Senior Editor for Recycling Matt Tudball discusses the latest developments in the European recycled polyethylene terephthalate (R-PET) market, including: Europe prices under pressure...
ICIS Economic Summary: US economy showing cracks in credit
NEW YORK (ICIS)--The US economy has been incredibly resilient through trade uncertainty, geopolitical turmoil and now what looks to be a prolonged government shutdown. However, cracks may be forming...