Industry News
Chemical Industry News
Europe PS July contract prices decrease for fourth consecutive month, distribution prices also lower
LONDON (ICIS)--July contract prices have decreased at a mid-point of €65/tonne in the Europe polystyrene (PS) market, mainly driven by the €72/tonne contract price decrease for upstream styrene....
Europe EPS contract prices fall in July, mainly driven by styrene
LONDON (ICIS)--July contract prices have decreased €70/tonne in the Europe expandable polystyrene (EPS) market, mainly driven by the upstream styrene €72/tonne decrease. This is the fourth...
Europe ABS July contract prices decrease double digits for fourth month in a row
LONDON (ICIS)--July contract prices have decreased €50/tonne in the European acrylonitrile-butadiene-styrene (ABS) market, mainly driven by composite feedstock costs, including the €72/tonne...
CRUDE SUMMARY: Oil prices rally in early trading but faded despite new EU sanctions on Russia crude
EU lowers price cap to $47.60/barrel on Russian crude exports Moscow’s shadow tanker fleet likely to limit impact of EU diktat Missile attacks on Kurdistan unlikely to alter outcome of Ceyhan...
OUTLOOK H2 ’25: Europe PET defies seasonal logic, and winter may hold steady
LONDON (ICIS)--The polyethylene terephthalate (PET) peak season is lost to inconsistent weather and weak economics generally and is unlikely to make a miraculous recovery as winter sets in. Producers...
Canada May manufacturing capacity utilization rises; chemicals rise to 75.3%
TORONTO (ICIS)--Capacity utilization in Canadian manufacturing rose by 2.2 percentage points, from 76.4% in April to 78.6% in May, with utilization in the chemical industry up 3.3 percentage points...
Global base oils exports to Middle East fall in June
SINGAPORE (ICIS)--Global base oils exports to the Middle East likely fell in June amid a dip in shipments from Asia. Supplies from Asia-Pacific typically account for more than half of total shipments...
South Korea June base oils exports to US rise
SINGAPORE (ICIS)--South Korea’s base oils exports to the US improved in June, pointing to moves to prioritize that market even during a round of Group III plant-maintenance work in the northeast...
US consumer sentiment ticks up but remains below average
HOUSTON (ICIS)--US consumer sentiment improved slightly in July to reach its highest value in five months, according to preliminary results of the latest consumer sentiment survey by the University...
INSIGHT: National standards to cut recycled-plastics costs amid virgin glut
HOUSTON (ICIS)--National US standards for recycled plastics would make it easier for companies to collect waste plastic, which would lower costs and make the material more competitive in a market...
Plant status: Unigel Brazil restarts Sao Jose dos Campos PS plant
SAO PAULO (ICIS)--Here is a plant status report: Name: Unigel Location: Sao Jose dos Campos, Brazil Product: Polystyrene (PS) Capacity (tonnes/year): 130,000 Event start: 31 May Event finish: 15 July...
ICIS GAS INSIGHT WEEK 29 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 29. Regulatory hurdles hamper Ukraine power, gas exchange...
European acetone spot prices soften in buyers market
LONDON (ICIS)--The European acetone spot free delivered (FD) market remains a buyers market and prices at the lower end of the range have eased again as a result. Supply more than meets demand as the...
US June housing starts rise, but single-family starts fall 4.6%
HOUSTON (ICIS)--Overall US housing starts and permits rose month on month in June, but the gains were in the volatile multifamily segment whereas starts and permits in the single-family segment fell....
ICIS POWER INSIGHT WEEK 29 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 29. FBMC: Low Wind and Solar Supporting Central and...
WEEKLY POWER OUTLOOK: Bullish Hungarian front week in line with higher demand and limited regional supplies
Hungarian power to remain bullish in week 30 France likely to remain the cheapest power market across Europe UK, German and Dutch prices should remain stable LONDON (ICIS) – Supply concerns and...
WEEKLY GAS OUTLOOK: Varied temperatures, high wind generation could push risk to spot contracts
Below-average temperatures in northwest Europe could bolster gas-fired power demand Upcoming Norwegian pipeline outages could support some prompt products However, gains could be capped by...
EU countries greenlight flexible storage rules, clearing way for implementation
EU countries approve more flexible gas storage targets Rules likely to take effect in September Slovakia abstains over Russian gas phaseout LONDON (ICIS)--The EU’s agreement on revised storage...
INSIGHT: Muted EU reaction to US tariff proposals underplays its true implications
LONDON (ICIS)--A relatively sanguine EU market reaction to the latest US tariff proposals belies the fact that, come August, the bloc could face duties on exports to the country that would have been...
Morphine analogues kill pain with fewer negative side effects
Redesign of the potent painkiller’s core prevents breathing suppression and reduces addiction-related behaviours in mice