Industry News
Chemical Industry News
CRUDE SUMMARY: Crude benchmarks volatile as quiet day finishes the week
Quiet end to the week leads to stable market Midweek demand news continued to fuel slight bullish sentiment Market remains on edge about possible flare-ups in Iran-Israel conflict Late news emerging...
Evonik boosts polybutadiene products capacity in Shanghai
LONDON (ICIS)--German chemicals company Evonik is “localizing” the final production step of its POLYVEST ST-E 60 silane-functionalized polybutadienes in Shanghai, China, to improve supply...
Industrial action in southern Spain causes minor disruption to PET deliveries
LONDON (ICIS)--Protests unrelated to petrochemicals and resulting in road blockades around the port of Algeciras, Spain, have caused minimal disruption to deliveries of polyethylene terephthalate...
Germany’s chemical industry expects improvement in H2
LONDON (ICIS)--Germany’s chemical industry expects business to start picking up in the second half of 2025, following stagnation in the first half, chemical producers’ trade group VCI said in an...
Plant Status: MOL plans summer HDPE maintenance in Tiszaujvaros, Hungary
LONDON (ICIS)--Here is a plant status report: Name: MOL Petrochemicals Location: Tiszaujvaros, Hungary Product: High density polyethylene (HDPE) Capacity (tonnes/year): 220,000 unit 2 (total site...
Europe methanol spot prices slump following feedstock downturn
LONDON (ICIS)--European methanol spot prices slumped 16% in Week 26 following a cooling off in feedstock markets. Spot physical trading seen in the week on an FOB Rotterdam (Rdam) basis: Day Deal...
Mexico cuts rates to 8% but monetary easing to slow from now – analysts
SAO PAULO (ICIS)--Mexico’s central bank cut interest rates by 50 basis points (bps) to 8.0% and spoke of a “slack” in the economy, but the pace of monetary easing to prop up consumption may...
Europe spot acetone prices trade sideways on thin demand
LONDON (ICIS)--European acetone spot prices were stable despite volatile feedstock costs earlier in the week, with demand still poor. There were a couple of mentions of firmer spot offers this week,...
OCI Global finalizes sale of methanol unit to Methanex for $1.6 billion
LONDON (ICIS)--OCI Global has finalized the sale of its methanol unit to Methanex, the two companies confirmed on Friday. The deal was valued at $1.6 billion on a cash-free debt basis, made up of...
Europe PTA industry holds out for better demand amid volatile crude prices
LONDON (ICIS)--The situation in the Middle East and the ensuing bullish effect on crude oil prices dominated discussions in the European purified terephthalic acid (PTA) market. Having witnessed...
German hydrogen retrofitting plans risk squeezing fallback pipeline capacity
Operators warn repurposing lines like Ellund must be system coordinated to avoid undermining gas supply security Early hydrogen retrofits could reduce fallback gas capacity Critical in the case of...
ICIS HYDROGEN INSIGHT WEEK 26 NEWS IN BRIEF
LONDON (ICIS)--Please find below a short summary of the key hydrogen stories ICIS published in week 26. Summarized in order of publication. ArcelorMittal Cancels German Hydrogen Project:...
US core PCE inflation edges up, consumer spending weak amid tariff worries
HOUSTON (ICIS)--A key US inflation measure edged up in May while consumer spending was weak, according to economic data released on Friday The core personal consumption expenditures (PCE) index ran...
European acetone MMA contract rolls over, tracking upstream propylene
LONDON (ICIS)--The Europe acetone methyl methacrylate (MMA) contract has settled at a rollover for July, in line with upstream propylene. Prices also rolled over in June, with two months of decreases...
WEEKLY GAS OUTLOOK: Flow patterns could shift on injection demand as Europe enters Q3 2025
LONDON(ICIS)—European gas markets are expected to record less volatility in week 27 following the US-proposed ceasefire for the Middle East. The release of the EU storage regulation update has also...
Fluxys and ENAP sign MoU to advance hydrogen cooperation in Chile
LONDON (ICIS)--Belgian gas grid operator Fluxys and Chile’s state-owned energy company ENAP have signed a memorandum of understanding (MoU) to deepen cooperation on hydrogen infrastructure...
US, China to further ease ethane, rare earth trade restrictions
HOUSTON (ICIS)--The US and China have made further progress on easing trade restrictions that each country had imposed on shipments of ethane and rare earth products. A spokesperson for China's...
Europe ACN July contract price increases marginally on ammonia
LONDON (ICIS)--An increase in the feedstock market of ammonia and a rollover in the monthly propylene settlement resulted in the formula-based Europe acrylonitrile (ACN) contract price for July...
Europe July propylene oxide contract price rolls over with propylene
LONDON (ICIS)--The European propylene oxide (PO) contract price for July rolled over as upstream propylene (C3) values held steady. July PO prices were assessed at €1,572-1,672/tonne FD (free...
South Korea’s May base oils output rises
SINGAPORE (ICIS)--South Korea’s base oils output rose to a four-month high in May following the completion of maintenance work on a key Group II unit in late April. Base oils output still held...