Industry News
Chemical Industry News
Naftogaz exports pressure Hungarian, Slovak gas hubs as Ukraine weighs wider market access
Traders expect government decision on export access for independent producers Increased outflows to Hungary pressure Hungarian and Slovak hubs relative to VTP Ukrainian storage levels ahead of target...
MARGINS: Europe cracker margins rise amid slightly lower feedstock costs
LONDON (ICIS)--Cracker margins in Europe were up week on week on the back of slightly lower feedstock costs, ICIS Margin Analysis showed on Monday. In the week to 25 September: Naphtha costs fell by...
FBMC WEEKLY: Weak wind generation to underpin CWE spot prices in week 40
LONDON (ICIS)--Low winds across Europe later in the week are expected to support flow-based market coupling (FMBC) power prices this week, while low precipitation will likely provide further upside...
CRUDE SUMMARY: Crude prices higher after US-Iran peace talks falter again
Trump indicates possibility of further US-Iran talks this week Evidence that Middle East oil exports higher in September Global tanker rates at record levels with no end in sight for rate inflation...
INSIGHT: China August chemical exports diverge amid varying fundamentals
SINGAPORE (ICIS)--China export trends for major chemicals diverged in August, with shipments of high volume items like styrene, methanol and polyvinyl chloride (PVC) rising strongly from the same...
Europe PE100 Black pipe spot firms in late September
LONDON (ICIS)--European spot values were heard in a range of €1,400-1,550/tonne DDP (delivery, duty paid) for spot PE100 Black in late September, firming from earlier in the month. Some values were...
German chemicals industry urges BNetzA to retain higher-methane scenario
VCI urges BNetzA to retain Scenario 3 after consultation Slower hydrogen growth could preserve methane demand and network capacity beyond 2045 BNetzA will review submissions before deciding whether...
300MW electrolyser construction starts off Spanish ‘hydrogen valley’
Project tests benefits of siting in renewable energy-rich country
PMMA gripped by ongoing post-summer sluggish demand hangover
LONDON (ICIS)--The Europe polymethyl methacrylate (PMMA) market has been sluggish throughout September, as the post-summer hangover continues. The month started with a slow recovery from the seasonal...
Europe PP co-polymer spot prices edge up
LONDON (ICIS)--European spot polypropylene (PP) homopolymer injection moulding and raffia prices were stable in the week ending 25 September, while co-polymer values edged higher at the low end of...
Elemental sulfur found in mammalian cells for first time
Analysis suggests that there could be tens of grams of S8 across a human body
INSIGHT: Brazil’s tight election race puts fiscal credibility at center stage amid slowing growth
SAO PAULO (ICIS)--Brazil's presidential race has become neck and neck with the first round of voting on 4 October, and the winner's approach to the country's strained public finances will shape...
GAS ALERT: SOCAR signs LNG and upstream gas agreements, including Absheron FID
LONDON (ICIS)--Azerbaijan’s state-owned energy company SOCAR signed a series of agreements covering upstream oil and gas development, LNG marketing, financing and gas supply during the Second...
GAS ALERT: Greece’s Revithoussa unable to receive LNG cargoes during 24 Sep-8 Oct maintenance
LONDON (ICIS)--Greece’s Revithoussa LNG terminal is unable to receive cargoes during a two week maintenance period running from 24 September to 8 October. On the 24 September-8 October gas days...
Petkim constrained by structural overcapacity in European chems market – Fitch
LONDON (ICIS)--Fitch Ratings late on Friday pointed to “structural overcapacity in the European chemicals market” as it affirmed Turkish producer Petkim’s long-term issuer default rating (IDR)...
GAS ALERT: EWE Gasspeicher to auction H-gas capacity for remainder of 2026/27 storage year
FRANKFURT (ICIS)--German storage operator EWE Gasspeicher will auction 880GWh, equivalent to around 82 million cubic meters (mcm), of H-gas storage capacity for the remainder of storage year 2026/27...
Europe MMA September contracts stable as rising costs yet to fully bite
LONDON (ICIS)--Europe methyl methacrylate (MMA) September freely negotiated contracts settled at rollovers in the week ending 25 September. This reflects the slight decrease in the September price...
India industrial output rises 8% in August, lifted by manufacturing, power sectors
MUMBAI (ICIS)--Factory output in India as measured by the index of industrial production (IIP) increased by 8% year on year in August led by growth in the power and manufacturing sectors. In July,...
Argentina’s Milei re-election bid turns shakier as recovery yet to reach millions – economist
SAO PAULO (ICIS)--A year away from Argentina's next presidential election, the economic figures and the polling numbers no longer look the way President Javier Milei would want them to if he is to...
Bangladesh LNG subsidy could add procurement risk
The article has been corrected to show in the first paragraph that Bangladesh has spent more than two and a half times its full-year LNG subsidy allocation in the first three months of fiscal year...