Industry News
Chemical Industry News
CSS/CDS MONTHLY: Gas-to-coal switching incentive likely to stay amid escalation in Middle East conflict
By Johnathan Hamilton-Eve and James Riley LONDON (ICIS)--As with the wider energy market, the ongoing Middle East conflict and the resulting tightening of global LNG supply has had a significant...
US Philadelphia region manufacturing continues to expand in March
HOUSTON (ICIS)--Manufacturing activity in the broader Philadelphia region continued to expand in March, according to the “Manufacturing Business Outlook Survey” by the Federal Reserve Bank of...
LNG Compass: Qatar counts the cost of Iranian attacks
LNG Compass is a column from the ICIS LNG analyst team highlighting key factors impacting supply, demand and prices; helping traders navigate their way through volatile global markets. Summary...
Austria’s strategic gas reserves unlikely to be released despite rising LNG supply risks
Rising gas supply risk on Qatar LNG attack Austrian regulator says release of strategic gas reserves still “very unlikely” Market players to watch for what qualifies as an emergency LONDON...
Europe melamine March contract prices straddle pre and post war landscape
LONDON (ICIS)--Europe's melamine contract prices in March displayed a stark difference between pre and post war agreements, resulting in rollovers to triple-digit increases. Melamine spot prices in...
European SBR March contact prices up by double-digits due to upstream moves; spot prices also trending up
LONDON (ICIS)--European styrene butadiene rubber (SBR) March contracts have been assessed at double-digit increases due to upward feedstock movements. SBR market participants are increasingly...
HYDROGEN: Moeve reaches FID on first 300MW phase of 2GW Spanish renewable hydrogen hub
LONDON (ICIS)--On 2 March, Spanish energy company Moeve announced that it had taken final investment decision (FID) on a 300MW renewable hydrogen project in Andalusia, supported by €304 million in...
US January new home sales fall 17.6% from December
HOUSTON (ICIS)--Sales of new single-family houses in the US were at a seasonally-adjusted annual rate of 587,000 in January – down 17.6% from December, and down 11.3% year on year from January...
Extended duration of Qatari Ras Laffan outage – effect on gas price & balance
Authors: Florian Boehnke, Alex Froley, Andreas Schroeder. Support by Matteo Mazzoni, Ed Cox Missile attacks on Qatari Ras Laffan City are confirmed to have caused “extensive damage” to LNG...
Turkey expects LNG deliveries as Iranian gas supplies reportedly decrease
WARSAW (ICIS)--Turkey was expected to import at least one LNG cargo at its southern Dortyol terminal as Iranian gas supplies had reportedly started to decrease on 19 March. The Castillo de Caldelas...
Traders fear long-term disruption to Qatari LNG but TTF only prices in shorter delays
TTF prices surge at the open on news of “extensive” damage to Ras Laffan Quick sell-off after strong open characteristic of trading patterns in past few weeks Risk of further escalation remains,...
Argentina prepares for first private LNG import season, with new risk attached
State-owned Energia Argentina released tender documents to select a private LNG importer Bids are due on 6 April, with winning bidder expected to begin arranging LNG cargoes for April deliveries The...
German fertilizer trade group assures on supplies amid Middle East conflict
LONDON (ICIS)--Despite the Middle East conflict and its global repercussions, Germany is not experiencing fertilizer supply problems, agrochemicals trade group IVA said in an update on Thursday....
Lack of chemical vessels causes panic for European toluene market
LONDON (ICIS)--European toluene buyers are starting to panic over the lack of vessel availability for April loading, sources say. Spot demand for toluene has been low and stagnant over the past...
Strong US gas production stands in contrast to chaos engulfing Middle East
Henry Hub futures eases on strong gas production and late winter seasonality Late winter seasonality reduces colder weather's bullish influence Storage data shows inventories stood 2.6% above...
INSIGHT: Jet fuel markets surge to record highs as momentum overwhelms historical resistance
LONDON(ICIS)--Europe’s jet fuel market is experiencing unprecedented turbulence as the US/Israel-Iran conflict triggers major disruptions across crude and refined product flows, with aviation fuel...
LANXESS’ supply chains intact, despite Middle East conflict – CEO
LONDON (ICIS)--LANXESS’ supply chains have so far not been affected by the Middle East conflict that started on 28 February, the CEO of the Germany-based international chemicals producer said on...
Electrostatic decatalysis offers a new way to suppress parasitic side reactions
Study demonstrates how charge engineering can deactivate competing reaction pathways to boost ammonia electrosynthesis
As UK cuts airborne lab worries persist about future of funding following changes
Poor communication is being blamed by government ministers for concerns as research councils pause grants to revamp system
New method identifies hazardous substances in cosmetics and food
Substances capable of mutating human genetic material – altering and permanently damaging it – are present in many everyday products. Researchers at Justus Liebig University Giessen (JLU) have, for the first time, detected mutagens and