Industry News
Chemical Industry News
East China acetone inventories down by 14% to 21,500 tonnes
SINGAPORE (ICIS)--Acetone inventories at Jiangsu ports in east China have decreased to 21,500 tonnes in the week ended 31 October, ICIS data showed on Friday. The inventories were down by 14% from...
China PET export prices up on firm feedstocks, but oversupply may limit gains
SINGAPORE (ICIS)--China’s polyethylene terephthalate (PET) export prices have rebounded on firm upstream feedstock prices and the country’s determination to curb pricing wars in the industry....
Plant status: China’s Fujia Dahua Petrochemical restarts PX plant
SINGAPORE (ICIS)--Here is a plant status report: Name: Fujia Dahua Petrochemical Location: Dalian, Liaoning, China Product: Paraxylene (PX) Capacity (tonnes/year): 700,000 Event start: 16 September...
Plant status: China’s Shandong Lihuayi restarts PDH unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Shandong Lihuayi Group Location: Dongying, Shandong, China Product: Propylene Capacity (tonnes/year): 600,000 Event start: 3 October 2025 Event...
China phenol suffers intensified supply-demand wrestle, weaker cost support
SINGAPORE (ICIS)--China’s phenol market failed to sustain its September bullishness into October, with prices fluctuating downwards amid muted demand and weakening cost-side support. Sluggish...
LNG sentiment still sour amid faltering Chinese demand
China’s demand drag weighs on LNG sentiment Bearish mood prevails at Singapore energy summit Russian gas pipeline deal adds long-term pressure SINGAPORE (ICIS)--The exuberance that swept the...
PetroChina Q3 profits drop 3.9% as weaker prices bite into margins
SINGAPORE (ICIS)--China’s biggest oil and gas producer PetroChina posted a 3.9% year-on-year decrease in net profits in the third quarter, as a general price decline eroded margins. -million yuan...
Austrian OTC gas liquidity trumped by rising exchange trades
OTC liquidity on the Austrian VTP trumped by rising exchange trading in gas year 2024 Regional trading patterns shifted amid cessation of Russian gas via Ukraine Liquidity likely to remain vulnerable...
Plant status: Celanese Singapore restarts VAM unit
SINGAPORE (ICIS)--Here is a plant status report: Name: Celanese Location: Pulau Sakra, Singapore Product: Vinyl acetate monomer (VAM) Capacity (tonnes/year): 210,000 Event start: 20 October Event...
AI models for drug design fail in physics
State-of-the-art AI programs can support the development of drugs by predicting how proteins interact with small molecules. However, researchers at the University of Basel have shown that these programs only memorize patterns, rather than understanding
Patented technology against plastic waste
The Leipzig-based chemistry start-up aevoloop has raised around €3.25 million in a seed investment round. Together with just under €5 million in funding from the EU and the Free State of Saxony, the company can
Illinois researchers convert food waste into jet fuel, boosting circular economy
Airplane travel is more popular than ever, and our desire for fast transportation means jet fuel has become a major contributor to greenhouse gas emissions. Now, researchers at the University of Illinois Urbana-Champaign have discovered
Tightened supply may support Asia polyols, despite feedstock declines
SINGAPORE (ICIS)--Despite recent weakness in feedstock propylene oxide (PO), tightened supply may lend support to polyols prices as regional demand stays largely flat. Buying activity remains flat...
Asia MEK market finds support as China domestic price recovers
SINGAPORE (ICIS)--China’s domestic methyl ethyl ketone (MEK) prices have rebounded as selling pressure on producers eased slightly, recovering from a 2025 low in the previous week stemming from...
INTERVIEW: Chemical firms’ sustainability efforts part of Singapore growth plans – EDB
SINGAPORE (ICIS)--Despite a global downturn in the petrochemical industry, specialty chemicals and energy businesses are forging ahead in Singapore, with new plants planned in Jurong Island as part...
Plant status: Taiwan’s Dairen Chem No 2 VAM unit to remain shut
SINGAPORE (ICIS)--Here is a plant status report: Name: Dairen Chemical Location: Mai Liao, Taiwan Product: Vinyl acetate monomer (VAM) Capacity (tonnes/year): 300,000 (No 2) Event start: 10 June...
India TDI activity improves; southeast Asia PMDI weakness persists
SINGAPORE (ICIS)--Seasonal upticks in demand emerged in India as increased inquiries emerged in India post-Diwali, though weakness is likely to persist in neighboring southeast Asian markets. India...
Asia PME biodiesel prices diverge amid mixed feedstock trends, shifting demand
SINGAPORE (ICIS)--Palm methyl ester (PME) biodiesel export values in southeast Asia diverged in the week ended 30 October. Malaysia’s crude palm oil (CPO) benchmark fell to ringgit (M$) 4,252/tonne...
East China MEG inventories decrease slightly on delayed arrivals
SINGAPORE (ICIS)--Monoethylene glycol (MEG) inventories in east China decreased slightly to 469,000 tonnes on 31 October, down by around 0.4% from 24 October, ICIS data showed, due to delayed cargo...
Plant status: China’s Hangjin Technology restarts its PO lines
SINGAPORE (ICIS)--Here is a plant status report: Name: Hangjin Technology Location: Huludao, Liaoning province, China Product: Propylene oxide (PO) Capacity (tonnes/year): 120,000 Event start: 20...