Industry News
Chemical Industry News
Dow will shut down three upstream European assets
Dowopens in a new tab announced that, as a follow-up to the European asset actions first announced in April 2025, its Board of Directors has approved the shutdown of three upstream assets in Europe, in
NYMEX: US gas futures fall on cooler late-July forecast
US natural gas futures tumbled on 9 July following concerns that cooler mid-to-late July weather would build up a persistent gas storage surplus The August Henry Hub contract on NYMEX settled at...
US gasoline supplies fall as demand rises
HOUSTON (ICIS)--US gasoline supplies fell during the week ended 4 July, as demand rose. Gasoline stocks declined week on week, according to the US Energy Information Administration (EIA). Refinery...
US proposes 50% tariffs on Brazil, motivated by trade, politics
HOUSTON (ICIS)--The US proposed on Wednesday 50% tariffs on imports on Brazil, citing that country's treatment of its former president, its policies on social media, as well as its policies on trade....
CRUDE SUMMARY: Oil prices up after resumption of attacks in Red Sea
At least four seafarers killed after attack on tanker It is believed this assault was carried out by Yemeni Houthis Latest US inventory data shows significant build in crude stocks LONDON...
Orion S.A. to shutdown production lines in the Americas and EMEA
HOUSTON (ICIS)--Orion S.A announced on 8 July 2025 its plans to shut down three of its five carbon black production lines at several locations in the Americas, Europe, Middle East, and Africa (EMEA)....
SHIPPING: Asia-USEC average container rates to fall faster than Asia-USWC – Xeneta
HOUSTON (ICIS)--Average spot rates for shipping containers from east Asia and China to the US East Coast are likely to fall faster than rates to the West Coast, and could be within $1,000/FEU...
US proposes tariffs for seven more countries, effective 1 August
HOUSTON (ICIS)--The US has proposed tariffs on seven more countries on Wednesday, which will take effect on 1 August. The following table summarizes the seven latest tariffs and shows US imports from...
Mexico’s Pemex debt with US suppliers doubles in 2025; warn of potential service disruptions
SAO PAULO (ICIS)--US engineering services companies supplying Pemex have demanded Mexico’s President to act on the country’s state-owned energy major’s debt with them - on course to double in...
European refinery solvents FD spot numbers mixed
LONDON (ICIS)--Average free delivered (FD) solvent naphtha (C9) spot prices edged up, while white spirit on average fell this week. Hexane numbers, meanwhile, were stable. Some players saw prices...
N American weekly chemical rail traffic rises 0.7%, US up 2.3%
HOUSTON (ICIS)--Following a 1.2% decline last week, North American chemical rail traffic rose 0.7% year on year to 46,151 railcar loadings for the week ended 5 July, according to the latest freight...
US ammonia exports rise by 36% in January-May year on year
LONDON (ICIS)--The US exported 36% more ammonia in January-May 2025 year on year, according to customs data. The top importer of US ammonia was Morocco, followed by Belgium. Morocco imports ammonia...
EU Commission sets out chemical recyling mass-balance accounting approach
LONDON (ICIS)--The EU Commission has published proposals to allow mass balance for chemical recycling using a fuel-exempt accounting approach under the Single Use Plastics Directive (SUPD). It added...
John Cockerill Hydrogen acquires McPhy’s French electrolyzer gigafactory
LONDON (ICIS)--Belgian electrolyzer manufacturer John Cockerill Hydrogen has acquired key assets of French McPhy Energy, including its 1GW capacity electrolyzer production plant in Belfort, France...
Romania-Hungary annual gas transport capacity allocated on second day of auctions
Several gas years on offer from Romania to Hungary were initially oversubscribed on 7 July, going into a second day of auctions on 8 July Not all capacity was snapped up as expected Annual capacity...
Mexico inflation falls to 4.32%, auto sector woes continue
SAO PAULO (ICIS)--The annual inflation rate in Mexico fell to 4.32% in June, down from 4.42% in May, but the petrochemical-intensive automotive sector’s woes continue, the country’s statistical...
Europe July ECH price talks show some rises on mixed costs, lethargic market
LONDON (ICIS)--European epichlorohydrin (ECH) price talks for July are pointing to relative stability, albeit with some firming in certain cases, as mixed raw material cost trends are weighed against...
EU clears OMV, ADNOC to acquire Canada’s NOVA Chemicals
LONDON (ICIS)--Austrian energy and petrochemicals firm OMV and Abu Dhabi National Oil Co (ADNOC) have received clearance from the European Commission for their bid to acquire joint control of...
Denmark launches tender to boost gas storage ahead of winter
Denmark is set to hold a tender process in September to boost gas inventories ahead of winter Gas reserves were only 33% full on 1 July, far below the EU’s recommended target of 60% for
ICIS EXPLAINS: The European Commission publishes its delegated act for low-carbon hydrogen
This summary was created by ICIS hydrogen editor Jake Stones and ICIS policy and regulation analyst Aayesha Pathan LONDON (ICIS)--On 8 July 2025, the European Commission published its much-awaited...