Industry News
Chemical Industry News
Global base oils arb outlook: Week of 7 July
SINGAPORE (ICIS)--US Group II export base oils price-premium to vacuum gasoil (VGO) starts Q3 2025 at slightly lower levels than at start of Q3 2024. Source: ICIS In Q3 2024, US base oils price...
Europe MEG spot prices fall on lack of demand
LONDON (ICIS)--Prices in the European monoethylene glycol (MEG) spot market were assessed at a decrease in the week ending 4 July on the back of low demand. MEG bulk prices decreased to...
Argentina’s May base oils supply rises
SINGAPORE (ICIS)--Argentina’s base oils supply rose to a nine-month high in May amid still-elevated domestic output, a rebound in imports and a pause in exports. The dynamic pointed to a sustained...
MET Group acquires German natural gas storage operator KGE
By Tobey Barnett European energy company MET Group said on Monday 7 July it had acquired 100% of gas storage operator KGE, based in Gronau, Germany. KGE operates a H-gas storage facility in...
MTBE prices in Europe drop on lower Eurobob gasoline values
LONDON (ICIS)--Average methyl tertiary butyl ether (MTBE) prices fell in Europe in the week ending 4 July, in line with a decrease in average Eurobob gasoline levels. The MTBE factor to gasoline was...
India’s RCF unlikely to acquire two million tonne urea target despite huge initial interest
LONDON (ICIS)--In India, urea purchases under a fresh import tender are expected to be half of targeted two million tonnes as global availability in July-mid August is limited. Rashtriya Chemicals...
Brazil’s Novonor, fund seeking to acquire its Braskem controlling stake notify competition authority
SAO PAULO (ICIS)--Braskem’s controlling stakeholder Novonor and the potential buyer for its stake at the Brazilian petrochemicals major have notified competition authority CADE about the...
India settles phos acid for Q3 as country prepares for Rabi season with additional purchases
LONDON (ICIS)--The phosphates fertilizer market is entering a critical period as stakeholders in India must make key decisions over the next few weeks that will significantly affect India's...
FBMC WEEKLY: Above average French nuclear supply to pressure spot prices in week 28
LONDON (ICIS)-- Ample French nuclear availability and high solar output in France, alongside well above average wind generation across parts of the flow-based market coupling (FBMC) region, are...
July Europe PA contract price rises €20/tonne on higher OX costs
LONDON (ICIS)–-The European phthalic anhydride (PA) contract price for July has increased by €20/tonne from June, tracking the feedback orthoxylene (OX) July contract price. This is the first...
Europe MPG spot prices stable to soft on dull demand
LONDON (ICIS)--Prices in Europe’s mono propylene glycol (MPG) spot market were assessed stable to soft in the week ending 4 July on the back of good supply and sluggish consumption. MPG spot prices...
Europe VAM spot pricing stable, activity limited
LONDON (ICIS)--European vinyl acetate monomer (VAM) spot pricing is stable at €950-1,020/tonne FD (free delivered) NWE (northwest Europe), following the recent settlement of June contract pricing...
Asia to Europe chemical tanker spot rates edge up
LONDON (ICIS)--Chemical tanker spot freight rates on Asia to Europe routes were assessed slightly higher in the week ending 4 July compared with the previous week, based on market feedback. The move...
German caustic soda ECU contract margins fall as ECU falls, costs slightly higher
LONDON (ICIS)--German spot chlor-alkali contract margins fell in the week ending 4 July, on the back of lower electrochemical unit (ECU) values. The calculated value of chlorine decreased week on...
Less than 1% of 300,000 environmentally relevant chemicals in the US have monitoring data
The actual number of chemicals tracked may be even lower
Carbon in an ice world
Antarctica may seem pristine and almost devoid of life, but there’s plenty of chemistry going on. Victoria Atkinson explains what it can tell us about the climate and pollution across the globe
CustomCells secures its future with new investors
The investor process for the insolvent CustomCells Group has been completed. As announced by the insolvency administrator Dr. Malte Köster (law firm WILLMERKÖSTER), an agreement to acquire the specialist for battery cell technology has been
Finalists Announced for the ISC3 Innovation Challenge 2025 on “Sustainable Chemistry & Climate Change”
The finalists of the €25,000 6th ISC3 Innovation Challenge – dedicated to innovations in Sustainable Chemistry and Climate Change – have been selected! After a rigorous evaluation process, an internationaljury of 36 experts from diverse
Cellulose instead of Crude Oil: Sustainable Foams Developed
Foams have numerous possible potential applications, for example ranging from the automotive, household and mechanical engineering sectors to leisure and sports applications. Until now, it has been common practice to produce these materials from crude
Brazil’s Petrobras mulls acetic acid, MEG plants in Rio as part of $6 billion capex plan
SAO PAULO (ICIS)--Petrobras is mulling production plants for acetic acid and monoethylene glycol (MEG) at its site in Rio de Janeiro as part of its 2025-2029 capital expenditure plans of Brazilian...