Industry News
Chemical Industry News
Cooler July forecasts suppress Henry Hub futures ahead of July expiry
Storage surplus increases for ninth-straight week Temperate interlude forecast to follow eastern heatwave LNG feedgas demand increases as plant maintenance wraps up HOUSTON (ICIS)--After the first...
Trianel developing 900MW/1800MWh German battery energy storage system
Trianel GmbH is developing one of Germany’s largest battery storage parks The first phase is 900MW/1800MWh, and a further 600MW in preparation Construction is set to begin in 2026, with...
Plant status: Dow Chemical declares FM on BD supply in Bohlen, Germany – sources
LONDON (ICIS)--Here is a plant status report: Name: Dow Chemical Location: Bohlen, Germany Product: Butadiene (BD) Capacity (tonnes/year): 105,000 Event start: end June Event finish: Unknown Reason:...
Europe base oils players mull Middle East conflict, review hedging strategy
LONDON (ICIS)--European domestic base oils participants may review their long-term strategy as uncertainty grows amid the Israel-Iran crisis. Some participants could increase advance purchasing of...
PE Black 100 demand soft in India, prices stable
DUBAI (ICIS)--High-density polyethylene (HDPE) black 100 pipe prices remained stable in India during the week to 25 June, amid a lack of market activity and little-to-no offers from GCC-based...
MidEast PE Pipe prices stable to firm following Iran-Israel ceasefire
DUBAI (ICIS)--High density polyethylene (HDPE) black 100 pipe grade's prices in the Gulf Cooperation Council (GCC) and East Mediterranean (East Med) markets were stable to firm during the week to 25...
US Q1 GDP decline revised to 0.5% annual rate
HOUSTON (ICIS)--US real gross domestic product (GDP) decreased at an annual rate of 0.5% in Q1 2025, the Bureau of Economic Analysis (BEA) said in a third and final estimate on Thursday. The...
Buyers suggest Europe polycarbonate prices may have hit floor as July talks begin
LONDON (ICIS)--Some European buyers of polycarbonate (PC) have suggested prices have hit a floor as negotiations for July extrusion-grade material get underway. Margins have been squeezed for...
European naphtha prices struggle with lackluster demand, volatile oil
LONDON (ICIS)--European open-spec naphtha spot prices grappled with Brent crude prices which continue to fluctuate in response to the conflict in the Middle East. Cracks remained deep in negative...
India fertilizer interactive trade flow map Jan-April 2025
LONDON (ICIS)--The Indian Ministry of Commerce & Industry has released fertilizer trade data for Jan-April...
Poor demand, oversupply drags Europe acrylic acid spot prices close to two-year low
LONDON (ICIS)--The Europe acrylic acid (AA) market has seen spot prices hit a near two-year low. Spot prices, which are at the lowest since August 2023, have softened in recent weeks because of...
US durable goods orders rebound in May; aircraft orders jump
HOUSTON (ICIS)--Following a downward-revised 6.6% decline in April, US durable goods orders rose 16.4% month on month to $343.6 billion in May, according to US Census Bureau data released on...
Europe methanol Q3 contract price settles at €498/tonne, 19% decrease
LONDON (ICIS)--The Europe methanol contract price for the third quarter has settled at €498/tonne, a decrease of €118/tonne from the second quarter. The European contract price (ECP) was agreed...
Sluggish demand casts shadow over European methylene chloride market
LONDON (ICIS)--The European methylene chloride (MEC) market is expected to continue experiencing lackluster demand heading into Q3, with ample supply persisting despite ongoing maintenance at Nobian,...
Global base oils exports to Middle East rise in May
SINGAPORE (ICIS)--Global base oils exports to the Middle East rose in May amid a jump in shipments from Asia to a six-month high. Suppliers in Asia typically account for close to 60% of total...
Contemporary chemistry owes a lot to benzene’s beginnings
Celebrating what started when Faraday found the molecule with no end
India May heavy-grade Group II base oils imports rise to multi-year high
SINGAPORE (ICIS)--India’s Group II heavy-grade base oils imports rose to a multi-year high in May, contrasting with a slump in shipments of Group I heavy neutrals. The dynamic reversed a recent...
German consumers keep saving amid ongoing trade uncertainties
LONDON (ICIS)--Consumer confidence in Germany has fallen slightly, remaining at a low level with no clear direction, according to the latest consumer survey released on Thursday by the Nuremberg...
China BDO prices hit 10-month high, supply to increase
SHANGHAI (ICIS)--1,4 butanediol (BDO) prices in China have hit a 10-month high after rising since late May on the back of tight supply. However, plant restarts and difficulties in passing on higher...
Muted reaction to EU’s latest gas storage filling requirement
Muted market reaction to EU's decision on stocks Strict 1 November deadline removed An effective 80% target for 2025 LONDON (ICIS)— Market reaction was muted on Wednesday to the EU’s...