Industry News
Chemical Industry News
APIC ’26: Shortage of MEG to curtail higher polyester run rates in India
FUKUOKA, Japan (ICIS)--The shortage of co-feedstock monoethylene glycol (MEG) in the India market will likely curtail higher downstream polyester run rates heading into June. The country’s overall...
APIC ’26: Plant status: S Korea’s GS Caltex to restart No 1 RFCC
FUKUOKA, Japan (ICIS)--Here is a plant status report: Name: GS Caltex Location: Yeosu, South Korea Product: Propylene Capacity (tonnes/year): 230,000 Event start: 7 May 2026 Event finish: 29 May 2026...
China major producers’ polyolefin inventories stable amid weak fundamentals
SINGAPORE (ICIS)--The combined polyethylene (PE) and polypropylene (PP) inventories of Chinese state-owned petrochemical giants Sinopec and PetroChina were stable, market sources said. On 29 May,...
Asia glycerine supply to lengthen in Q3 on enhanced biodiesel mandates
SINGAPORE (ICIS)--Asia glycerine suppliers may face increasing pressure to unload their stocks ahead of the expected lengthening in supply in the third quarter due to the enhanced biodiesel mandates...
APIC ’26: Malaysia chemical producers focus on stability amid industry challenges
FUKUOKA, Japan (ICIS)--Malaysia's chemical producers are focused on operational stability, disciplined cash flow and cost optimization amid increased uncertainty over geopolitical tensions, the...
APIC ’26: S Korea chemicals executive calls for Asia collaboration amid Mideast conflict
FUKUOKA, Japan (ICIS)--Individual corporate efforts within the petrochemical industry will not be sufficient to overcome impact of Strait of Hormuz's closure and deteriorating profitability due to...
Asia TiO2 spot indicative prices soften on sluggish demand
SINGAPORE (ICIS)--Titanium dioxide (TiO2) spot indicative prices in Asia were stable-to-soft so far on Friday. There were offers heard slightly below $2,500/tonne FOB (free on board) China, lower...
APIC ’26: Plant status: Taiwan’s FPCC resumes No 1 RFCC production after turnaround
FUKUOKA, Japan (ICIS)--Here is a plant status report: Name: Formosa Petrochemical Corp (FPCC) Location: Mailiao, Taiwan Product: Propylene Capacity (tonnes/year): 350,000 (No 1 RFCC) Event start:...
APIC ’26: India chemical sector transformation faces supply chain risks
FUKUOKA, Japan (ICIS)--India's petrochemical industry is undergoing a significant transformation while navigating instability caused by the war in the Middle East, an industry executive said on...
APIC ’26: Japan chemicals industry shifts focus to structural reforms – JPCA
FUKUOKA, Japan (ICIS)--The Japanese petrochemical industry is navigating significant volatility driven by shifting global trade policies and geopolitical risks, the chairman of the Japan...
New alliance for research-based spin-offs: Renowned research institutions join forces
With the launch of the Academic Spin-out Alliance, Vienna’s leading universities and key players in the Austrian innovation system are sending a clear signal for the future of the region. The aim of the new
APIC ’26: Plant status: South Korea’s LG mulling keeping No 3 cracker shut for longer
FUKUOKA, JAPAN (ICIS)--Here is a plant status report: Name: LG Chem Location: Yeosu, South Korea Products: Ethylene, propylene Capacity (tonnes/year): 900,000 ethylene; 450,000 propylene Event start:...
APIC ’26: Plant status: Taiwan’s FPCC to keep No 1 cracker shut for foreseeable future
FUKUOKA, JAPAN (ICIS)--Here is a plant status report: Name: Formosa Petrochemical (FPCC) Location: Mailiao, Taiwan Products: Ethylene, propylene Capacity (tonnes/year): 700,000 (ethylene), 360,000...
APIC ’26: Plant status: Taiwan’s FPCC sets turnaround for the No 3 cracker in Q3
FUKUOKA, JAPAN (ICIS)--Here is a plant status report: Name: Formosa Petrochemical (FPCC) Location: Mailiao, Taiwan Product: Ethylene, propylene Capacity (tonnes/year): 1.2 million (ethylene), 600,000...
US May PG contracts surge again as significant supply concerns continue; separate price increase proposals implemented
HOUSTON (ICIS)--Propylene glycol (PG) continues to be very tight in the US due to ongoing production outages, as well as reduced availability of PG supply since Dow's decision to close their plant in...
APIC ’26: Plant status: South Korea’s Lotte restarts Yeosu cracker from turnaround
FUKUOKA, JAPAN (ICIS)--Here is a plant status report: Name: Lotte Chemical Location: Yeosu, South Korea Product: Ethylene, propylene Capacity (tonnes/year): 1,200,000 (ethylene), 665,000 (propylene)...
US gasoline supplies decline as demand remains elevated
HOUSTON (ICIS)--US gasoline supplies declined during the week ended 22 May, as gasoline demand remained elevated. Gasoline stocks decreased week on week, according to the US Energy Information...
NYMEX: US gas futures jump on the first day of July contract trading
Front-month US natural gas futures rose on 28 May despite strong gas production The July 2026 Henry Hub contract on NYMEX settled at $3.285/MMBtu, up nearly 6.1% from the previous session US gas...
US regulator accepts revised UP-NS merger application, delays review to collect more data
HOUSTON (ICIS)--The US regulator that oversees America’s Class 1 railroads has accepted a revised merger application from Union Pacific (UP) and Norfolk Southern (NS) but delayed the review process...
Argentina’s central bank turns corner on reserves, but widespread recovery elusive – economist
SAO PAULO (ICIS)--Argentina's central bank has shifted from merely buying dollars to actively building foreign exchange reserves for the first time in years, but broader recovery remains sluggish and...