Industry News
Chemical Industry News
Americas/EMEA base oils supply outlook: Week of 21 July
SINGAPORE (ICIS)--US Group II base oils price-premium to feedstock/competing fuel prices stays in narrow range, increasingly lags year-earlier levels. Source: ICIS Base oils margins hold at levels...
CRUDE SUMMARY: Oil prices slide as sanctions threat on Russia has negligible impact
Latest EU crude price target on Russian unlikely to stem exports Moscow also likely to shrug off Trump’s 50-day deadline for Ukraine deal Iran nuclear talks with European countries likely to weight...
Americas/EMEA base oils demand outlook: Week of 21 July
SINGAPORE (ICIS)--US base oils demand likely to wane amid seasonal slowdown in consumption during summer holidays. Steady outright prices and expectations of healthy availability of supply add to...
Global base oils cargo flows: Week of 21 July
SINGAPORE (ICIS)--Steady flow of Group II base oils cargoes continues to load from Taiwan in past week, with latest shipment moving to southeast Asia. Singapore takes delivery of cargo from US in...
Global base oils margins outlook: Week of 21 July
SINGAPORE (ICIS)--Global base oils prices face more pressure versus feedstock/competing fuel prices, especially for light grades, and especially in Asia. Heavy-grade price-premium to...
Freepoint Eco-Systems partner with Source One to expand EU footprint
LONDON (ICIS)--Freepoint Eco-Systems International Ltd and Source One GmbH announced a new strategic partnership to expand pyrolysis infrastructure in Europe. Freepoint Eco-Systems plans to build...
FBMC WEEKLY: Higher exports, downward nuclear revisions support French power spot prices
LONDON (ICIS)-- French spot power prices could face further support through week 30 amid a significant ramp up in power exports to neighbouring markets in the flow-based market coupling (FBMC) region...
Ethiopia emerges as top destination for Chinese DAP in H1 2025
LONDON (ICIS)--Exports of diammonium phosphate (DAP) from China slumped 60% in the period January-June 2025 year on year, according to customs data. The sharp drop was unsurprising given China's...
Europe MEG spot prices hit five-year low
LONDON (ICIS)--Prices in the European monoethylene glycol (MEG) spot market were assessed stable to soft in the week ending 18 July on the back of oversupply and weak demand. MEG bulk prices...
Mexico’s Pemex unlikely to expand petchems due to ‘stressed’ finances – Moody’s
SAO PAULO (ICIS)--A planned expansion of its petrochemicals business is unlikely to materialize given the Mexican state-owned energy major’s beleaguered finances, according to an analyst at...
Gas capacity bookings highlight interest for exports to central Europe in August
August bookings were made at British and Dutch gas export points, driven by steady Norwegian supplies, storage demand Capacity bookings for flows to Spain from France indicate the continued...
Yara Q2 ammonia production volumes drop year on year
LONDON (ICIS)--Norwegian fertilizer major Yara has posted a decrease in second-quarter ammonia production volumes to 1.75 million tonnes. Contrasting with the drop in production, Yara ammonia...
Europe MPG spot prices steady despite some demand support
LONDON (ICIS)--Prices in the European monopropylene glycol (MPG) spot market were assessed stable in the week ending 18 July as demand in general is constrained. The premium for MPG USP...
Dutch OWE subsidy awards €1.78 million per MW, Air Liquide and Uniper secure largest share
LONDON (ICIS)--On 21 July a spokesperson for the Dutch Ministry of Climate and Green Growth told ICIS that €1.78 million per megawatt (MW) of electrolysis capacity is the average grant amount for...
Zero-priced Italian PUN hours to reoccur in August, ICIS forecast shows
ICIS Power Foresight is predicting 23 hours in August during which the Italian PUN price will fall below €10/MWh, six of which will be zero-priced 'Low-cost' hours have been occurring more and more...
Uzbekistan Jan-April 2025 urea interactive trade map
LONDON (ICIS)--The UN Comtrade database has released Uzbekistan’s urea trade data for January-April...
Belgian gas transit to remain elevated in Q3
West-to-east gas flows across Europe to persist, with ZTP key facilitator Germany key demand hub due to injection demand, eastern Europe pulling flows British exports to Belgium likely to slow in Q4...
European PVC spot prices fall, under pressure from Asia
LONDON (ICIS)--European polyvinyl chloride (PVC) spot prices trended down in the week ending 18 July, as the long global market weighed on availability. Domestic free delivered (FD) spot prices fell...
South Korea H1 2025 sulphuric acid interactive trade map
LONDON (ICIS)--South Korea’s Trade Statistics Promotion Institute (KTSPI) has released sulphuric acid trade data for January-June...
Plant status: TotalEnergies’ Gonfreville, France cracker site restart underway
LONDON (ICIS)--Here is a plant status report: Name: TotalEnergies Location: Gonfreville, France Product: ethylene, propylene, butadiene (BD) Capacity (tonnes/year): 525,000 (ethylene), 260,000...