Industry News
Chemical Industry News
Asia adipic acid gains short-lived as supply-side support collapses
SINGAPORE (ICIS)--While CFR (cost and freight) northeast Asia prices had not seen drops for three consecutive weeks in June, support for Asia adipic acid markets began to buckle at the end of the...
MTBE prices in Europe fall on lower Eurobob gasoline levels
LONDON (ICIS)--European average methyl tertiary butyl ether (MTBE) prices decreased in the week ending 27 June, aligning with diminished Eurobob gasoline values. The MTBE factor to gasoline was...
Europe LPG spot prices decline on upstream price fluctuations
LONDON (ICIS)--Spot prices for large NWE (northwest Europe) liquefied petroleum gas (LPG) cargoes declined into the end of June with prices tracking similar weekly losses in upstream crude oil...
US ethylene market tightens as outages, export shifts drive price gains
HOUSTON (ICIS)--US ethylene spot prices are showing renewed strength in response to constrained supply and a pivot in export flows triggered by geopolitical friction. While derivative demand remains...
Europe MMA expecting summer slowdown despite concerns around Israel-Iran conflict
LONDON (ICIS)--The Europe methyl methacrylate (MMA) market is preparing for the traditional summer slowdown to take effect, although some minor concerns linger around the Israel-Iran conflict. Early...
GRAPHIC DETAIL: British domestic gas demand could see upside risk for power generation
Gas-fired power generation in Britain subdued through summer delivery so far, but upside risk lingers French nuclear curtailment due to hot weather could impact British power imports from France in...
PA spot prices stable for both grades in Europe, flat demand persists
LONDON (ICIS)--European phthalic anhydride (PA) prices were assessed at a rollover in the week ending 27 June for both grades. Availability has been described as ample, with supply characterized as...
Europe E&P series glycol ethers prices steady, feedstocks either stable or lower
LONDON (ICIS)--Spot prices for E&P series glycol ethers were assessed stable in the week ending 27 June, as participants weighed the impact of either stable or soft feedstock costs, muted...
Moody’s downgrades Methanex credit rating post OCI acquisition
NEW YORK (ICIS)--Moody’s Ratings has downgraded Canada-based Methanex Corp’s corporate family rating (CFR) and senior unsecured notes issued by the company to Ba2 from Ba1 (S&P equivalent of...
Turkish polyolefins buyers resist attempts to hike prices
LONDON (ICIS)--Converters in Turkey are poised to keep the arm wrestle with suppliers going for as long as possible, as cashflow pressures mount amid a strict regime of high interest rates and...
Europe DEG spot prices fall for 15th consecutive week
LONDON (ICIS)--Prices in the European diethylene glycol (DEG) spot market were assessed down in the week ending 27 June on ample supply and weak demand. DEG truck values softened, reaching...
Europe MPG spot prices hold steady as feedstock costs rollover
LONDON (ICIS)--Prices in the European mono propylene glycol (MPG) spot market were assessed stable in the week ending 30 June as players waited for the July propylene (C3) contract price. MPG spot...
May air cargo demand rises 2.2% despite Asia-North America decline
LONDON (ICIS)--Global air cargo demand increased in May 2025 compared with a year earlier, according to the International Air Transport Association (IATA), as carriers demonstrated resilience amid...
Europe MEG spot prices in freefall on weak demand, high stocks
LONDON (ICIS)--Prices in the European monoethylene glycol (MEG) spot market were assessed down in the week ending 27 June, with inventories high and some sellers facing physical pressure to offload...
UK solar capacity forecast likely to reach government’s 2030 target range
UK government releases roadmap detailing government and industry actions to deliver 45-47GW of solar by 2030 Two nationally significant infrastructure projects awarded development consent since 9 May...
Americas/EMEA base oils supply outlook: Week of 30 June
SINGAPORE (ICIS)--US Group II base oils price-premium to vacuum gasoil (VGO) rebounds after fall in crude oil prices. Excluding brief dip in June 2025, base oils margins hold in narrow range since...
FBMC WEEKLY: French, German spot prices to be supported by EDF’s nuclear curtailments, heatwave and low wind
LONDON (ICIS)--French power spot prices are expected to spike in the first half of week 27 in line with rising river temperatures and nuclear curtailments. The French power market is to maintain its...
EUROPEAN GAS STORAGE UPDATE: Storage deal brings clarity on targets, muted impact overall
LONDON (ICIS)--EU storage sites continued filling as the second quarter of 2025 came to a close, with geopolitical tensions affecting prices and spreads more than a final deal on EU filling targets....
ICIS Gas Insight week 26 news in brief
Please see below a roundup of key ICIS gas market coverage from 23-27 June 2025, ordered by date of publication. PEG-NBP Day-ahead premium could keep British pipeline exports elevated this summer The...
Americas/EMEA base oils demand outlook: Week of 30 June
SINGAPORE (ICIS)--US base oils demand could stay cautious amid signs of sufficient supplies to cover domestic requirements. Expectations of sufficient supply and seasonal slowdown in demand give...