Industry News
Chemical Industry News
NYMEX: US gas futures edge lower on warmer weather
Front-month US natural gas futures lowered on 6 February, on above normal temperatures The March 2026 Henry Hub contract on NYMEX settled at $3.422/MMBtu, down nearly 2.5% from the previous session...
CRUDE SUMMARY: Oil prices rise as formal rapprochement between Iran, US does not appear imminent
Talks between US and Iran commenced in Oman on Friday Some suggestions that the meeting had been positive Lack of clarity over next steps added to risk premium US oil rig count rose by one
Canada loses 25,000 jobs, led by manufacturing
TORONTO (ICIS)--Canada’s economy lost 25,000 jobs in January, from December, led by a 28,000 loss in manufacturing, according to data by federal agency Statistics Canada (StatCan) on Friday....
Africa polyolefins prices spike, traders fear a repeat of downtrend post Chinese New Year
LONDON (ICIS)--The African polyethylene (PE) and polypropylene (PP) markets this week saw the biggest week-on-week increases since July last year for the high density polyethylene film grade (HDPE)...
Swiss EMS Group expects 2026 sales decline, but earnings should rise
LONDON (ICIS)--EMS Group expects 2026 net sales to fall year on year due to currency effects, the Swiss supplier of high-performance polymers and specialty chemicals to the auto and other industries...
US, Argentina sign trade deal focused on critical minerals, beef access
SAO PAULO (ICIS)--The US and Argentina have ratified the trade deal agreed in November which is set to eliminate tariffs on hundreds of products while expanding US beef access to the South American...
Tight European acetone supply drives spot prices higher
LONDON (ICIS)--Europe's acetone spot truck prices were higher again this week as spot volumes remained limited in a tight market. Average prices are now around 70% higher than what they were at the...
Romanian government publishes ordinance capping gas and power trading margins, subsequently deletes
Romanian government proposes capping trading margins at 3% Document quickly deleted but traders expect few if any changes Could severely impact Romanian gas and power trading liquidity LONDON...
GAS ALERT: Italian Snam to offer new counterflow service
MILAN (ICIS)--Italian gas transmission system operator (TSO) Snam has announced a new storage services counterflow which will be offered from today, 6 February. The service provides the implicit...
ICIS POWER INSIGHT WEEK 6 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 6. FBMC WEEKLY: Hungary likely to remain at a premium to...
US consumer sentiment ticks up, but worries about jobs and high prices remain widespread
HOUSTON (ICIS)--US consumer sentiment improved slightly in February but remained low from a historical perspective, the University of Michigan said in its preliminary February consumer sentiment...
ACER approves change to avoid price-adjustments in certain market-decoupling events
ACER approves changes to avoid triggering price adjustments in specific market-decoupling situations It applies to events where a partial decoupling occurs in a bidding zone with multiple nominated...
French contango disappears as traders eye tighter nuclear margins in 2027
Contango on French calendar power forwards disappeared on 28 January Rising risk on Cal ’27 contract amid factors, ICIS heard ICIS forecasts still point to contango on higher reactor modulation to...
GAS ALERT: Snam postponed March planned maintenance restoring Italy’s full export capacity to Austria
LONDON (ICIS)--Italy’s transmission system operator (TSO) Snam has postponed a previously scheduled maintenance on the Italian grid that would have disrupted export capacity to Austria at the...
German chemical industry wage bargaining to resume on 23 February
LONDON (ICIS)--Collective wage bargaining for the 585,000 employees in Germany’s chemical-pharmaceutical industry will resume on 23 February after this week's first round of talks failed to yield...
PSV-TTF mechanism ready and on track for approval
PSV-TTF spread cap mechanism ready to be approved according to ministerial sources Government considers it part of structural measures to lower energy costs in Italy Prime Minister aims to present...
Covestro, Fertiglobe, and TA’ZIZ, sign MoU on ammonia supply
LONDON (ICIS)--Covestro, Fertiglobe and Abu Dhabi‑based TA’ZIZ have signed a memorandum of understanding (MoU) to explore cooperation across the ammonia and nitric acid value chains, the...
Germany’s EV production forecast to increase 6% in 2026, following record 2025
LONDON (ICIS)--Germany’s production of electric vehicles (EVs) is expected to increase 6% in 2026, according to projections by German auto industry trade group VDA. The increase would come after...
Germany December production falls 1.9%, chemicals down 2.4%
LONDON (ICIS)--Following three monthly increases, Germany’s overall production from industry, energy and construction fell 1.9% month on month in December, according to government statistical data...
Europe olefins spot price ideas firm on better fundamentals as turnarounds near
LONDON (ICIS)--Ethylene and propylene sellers’ spot price ideas are rising as supply–demand balances improve, supported by earlier production constraints ahead of the planned cracker maintenance...