Industry News
Chemical Industry News
Europe domestic acetone spot prices stable to soft in lengthy market
LONDON (ICIS)--The domestic acetone spot range has consolidated a bit in northwest Europe this week, with some softening at the high end of the range, in a sluggish and lengthy market and in order to...
Lubricants firm FUCHS expects 2025 sales to stagnate
LONDON (ICIS)--FUCHS Group expects 2025 full-year sales to remain at the 2024 level of €3.5 billion, the Germany-based company said in an update on Friday. FUCHS, which is described as the world's...
Turkey’s gas importers up for sale amid international arbitration, Russian negotiations
Nationalised importing group wins arbitration but Turkish government applies for annulment Akfel Group subsidiaries held more than 10% market share Turkey is in negotiations with Russia as long-term...
Europe spot methanol prices soften by 2% as supply outweighs demand
LONDON (ICIS)--European methanol spot prices sank by 2% from the previous week on the back of lackluster buying. Oversupply and flat demand have contributed to the sluggish market trend in October....
ICIS POWER INSIGHT WEEK 44 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 44. FBMC WEEKLY: Strong winds, milder temperatures to...
EUROPEAN GAS STORAGE UPDATE: EU gas stores record last net injections in late October
LONDON(ICIS)--Mild weather in the second half of October, coupled with changing price signals allowed for some net injections into EU storage facilities ahead of November. Additionally, some...
Aramco LPG November contract prices decline
LONDON (ICIS)--Liquefied petroleum gas (LPG) Aramco November contract prices have fallen, with Sonatrach contract prices yet to settle. Prices came under pressure despite much of the northern...
WEEKLY GAS OUTLOOK: LNG sendout and mild temperatures to offset bullish CCGT signals
LONDON (ICIS)-- European gas markets could face mixed price signals in week 45, as below-normal wind output across key hubs is likely to support gas-for-power demand. Nevertheless, mild temperatures...
Supply overhang to continue weighing on Asia Group I base oils
SINGAPORE (ICIS)--The Asia Group I base oils market has remained under sustained pressure for months, with improving supply and disproportional buying continuing to shape market dynamics throughout...
ICIS GAS INSIGHT WEEK 44 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 44. Is the TTF pricing in an LNG oversupply? Traders say...
WEEKLY POWER OUTLOOK: Mild temperatures and snowmelt to pressure French power spot in week 45
LONDON (ICIS)--Bearish signals for the French power front week are intensifying on Friday as the temperature forecast is revised upwards and French run-of-river output is expected to remain robust...
Chemical profile: Europe base oils
Uses Base oils are the main component of finished lubricants and are derived from the heavy crude oil fraction in vacuum distillation. They are refined to impart physical and chemical properties that...
US Chicago manufacturing contracts for 23rd month
HOUSTON (ICIS)--Manufacturing activity in the Chicago area contracted for a 23rd consecutive month in October, according to the “Chicago Business Barometer” by the Institute for Supply...
Quasiparticle solves mystery of vanishing conductivity
Electrons determine the properties of all materials: they decide whether a metal conducts electricity, how a semiconductor functions or which magnetic effects occur. In some materials, the electrons behave in a particularly unusual way: they
Otto’s ozoniser and the value of nurturing inventors
Marius-Paul Otto (1870–1939) patently used his entrepreneurial spirit to clean up
Global cooperation essential to cut carbon emissions in lithium-ion battery supply chain
Emissions could be cut a third by 2060
Taiwan October propylene contract price down
SINGAPORE (ICIS)--These are the settlements between a key producer and its end-users: Month Contract Prices ($/tonne, DEL) October 2025 Around 780 (provisional) September 2025...
Asia MEG rebound momentum capped by long supply, slowing demand
SINGAPORE (ICIS)--Long spot supply and slowing demand have capped the recent monoethylene glycol (MEG) price rebound in Asia. Crude gains support MEG market Long supply, slowing demand cap price...
ANALYSIS: One year US-China trade truce has limited impact on LNG and shipbuilding
Minimal impact on US-China LNG trade Trump hopes China to purchase US LNG Limited impact on shipbuilding industry SINGPAORE (ICIS)--The LNG market reacted calmly to the October 30 meeting between...
East China DEG inventories rise on low consumption
SINGAPORE (ICIS)--Diethylene glycol (DEG) inventories at Jiangsu in east China increased by around 25% from 24 October, due to soft consumption. The total inventories were 42,400 tonnes on 31...