Industry News
Chemical Industry News
NanYa Plastics seeking price increase on US PET resins on elevated costs
HOUSTON (ICIS)--NanYa Plastics is seeking a 6 cents/lb price increase on US polyethylene terephthalate (PET) effective 1 October. The price increase can be attributed to the increased cost of energy,...
M&G Polimeros announces price increase on US PET, R-PET on volatile raw materials, freight costs
HOUSTON (ICIS)--M&G Polimeros announced a 6 cents/lb price increase on US polyethylene terephthalate (PET) and recycled PET (R-PET), effective 1 October. The price increase can be attributed to...
NYMEX: US gas futures ease on softer LNG feedgas nominations and ample storage
US natural gas futures fell on 19 September, as above-average storage volumes and reduced feedgas demand weighed on the Henry Hub benchmark The October 2025 Henry Hub contract on NYMEX settled at...
Europe PS September contract prices decrease driven by styrene, distribution also assessed
LONDON (ICIS)--September contract prices have decreased €45/tonne in the Europe polystyrene (PS) market, almost in line with the €46/tonne decrease for upstream styrene. Styrene and PS prices...
RAIL: New intermodal service from US railroads UP, NS shows no need for merger – ACD
HOUSTON (ICIS)--Chem industry trade groups are opposed to the announced merger of Class 1 railroads Union Pacific (UP) and Norfolk Southern (NS), and the president and CEO of the Alliance for...
Europe EPS September contract prices decrease to lowest level since July 2023
LONDON (ICIS)--September contract prices have decreased €40/tonne in the Europe expandable polystyrene (EPS) market, mainly driven by the €46/tonne decrease for upstream styrene. Styrene and...
Europe ABS September contract prices fall for sixth month, feedstock costs
LONDON (ICIS)--Contract prices have decreased €25/tonne for September in the Europe acrylonitrile butadiene styrene (ABS) market, mainly driven by composite feedstock costs including...
CRUDE SUMMARY: Oil prices down as supply glut continues to outweigh US interest rate cut
Concerns over softening crude demand continue to weigh Recent US interest rate cut fails to provide significant boost to prices Reports European Commission plans to ban Russian LNG imports by 2027 US...
Europe PET sellers battle for volume as PET prices hit breaking point
LONDON (ICIS)--Prices for European polyethylene terephthalate (PET) are unsustainably low without a significant market shift to restore margins. "Desperation to keep plants open and running is so...
Plant Status: TPC Group US Texas BD unit on reduced rates
HOUSTON (ICIS)--Here is a plant status report: Name: TPC Group Location: Houston, Texas, US Product: Butadiene (BD) Capacity (tonnes/year): 508,000 Event start: Early September Reason: Reduced rates...
Plant status: Nobian Rotterdam chlor-alkali FM resolved late July
LONDON (ICIS)--Here is a plant status report: Name: Nobian Location: Rotterdam (Botlek), the Netherlands Product: Caustic soda, chlorine Capacity (tonnes/year): Caustic soda 713,000 dmt, chlorine...
Plant status: Spain’s Plastiverd cuts PET rates to align with domestic market
LONDON (ICIS)--Here is a plant status report: Name: Plastiverd Location: El Prat de Llobregat, Spain Product: PET Capacity (tonnes/year): 210,000 Event start: September Event finish: Unknown Reason:...
Plant status: Italy’s Plastipak reduces PET output as per other European sites
LONDON (ICIS)--Here is a plant status report: Name: Plastipak Location: Verbania, Italy Product: PET Capacity (tonnes/year): 160,000 Event start: September Event finish: Unknown Reason: Commercial...
European acetone FD spot stable, demand weak
LONDON (ICIS)--European acetone free delivered (FD) spot prices were steady this week according to the majority of market feedback. Prices below the assessed range were also heard but were not...
ICIS POWER INSIGHT WEEK 38 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 38. FBMC WEEKLY: France likely to maintain export...
ICIS GAS INSIGHT WEEK 38 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 38. OPINION: Vertical Gas Corridor - more pain than gain?...
WEEKLY POWER OUTLOOK: Lower wind and cooler temperatures likely to support spot prices across central western Europe in week 39
LONDON (ICIS)-- With week 38 largely characterized by high wind output and warm weather in central western Europe, an easing of wind power production and temperatures in week 39, is likely to drive...
Solidarity union warns Polish PM imports of Russian ferts threaten country’s economic security
LONDON (ICIS)--Polish trade union Solidarity on Friday wrote to Poland’s prime minister Donald Tusk warning that the huge scale of Russian and Belarusian fertilizer imports “pose a real threat to...
MOVES: Austria’s Lenzing appoints new CFO
LONDON (ICIS)--Austrian fibers and chemical company Lenzing has appointed Mathias Breuer as its new chief financial officer (CFO), effective 1 January 2026, it said in an update on Friday. Breuer,...
WEEKLY CRUDE OUTLOOK: Crude set to be rangebound, but economic storm clouds are gathering
LONDON (ICIS)--Crude prices gave up early-in-the-week gains as a gloomier outlook for the US economy and longer-term oversupply fears offset bullish geopolitical factors. Lower US inflation in August...