Industry News
Chemical Industry News
CRUDE SUMMARY: Oil rebounds on softer US dollar, fresh attacks in Middle East
UAE faces another attack in Fujairah and Shah Iraq’s production dwindles by around 3 million barrels/day US dollar softens ahead of US Federal Reserve meeting LONDON (ICIS)--Oil prices edged higher...
MEGlobal announces price increase nominations for April US MEG, DEG
HOUSTON (ICIS)--MEGlobal announced a 6 cent/lb increase on US monoethylene glycol (MEG), and a 7 cent/lb increase on US diethylene glycol (DEG) to its North America benchmark price, effective 1...
Indorama Ventures announces price increase nominations for April on US MEG, DEG, TEG
HOUSTON (ICIS)--Indorama Ventures has announced it is seeking price increases on US monoethylene glycol (MEG), diethylene glycol (DEG) and triethylene glycol (TEG), effective 1 April, according to a...
EU March epoxy sees differing pace of response to ME conflict
LONDON (ICIS)--Europe epoxy price agreements are varied for March so far, ranging from rollovers to varying degrees of increase, depending on the time of settlement and source. This is due to players...
EU ECH March sentiment measured in response to ME conflict
LONDON (ICIS)--The Europe epichlorohydrin (ECH) freely negotiated contract price sentiment is modestly firmer for March - linked to this month's upstream propylene contract price, despite the Middle...
China butyl-A players eyes supply-demand dynamics amid Middle East crisis-related price surge
SINGAPORE (ICIS)--Since the US and Israel launched military operations against Iran on 28 February, the conflict has continued to escalate, severely constraining traffic through the Strait of Hormuz...
European PVC producers target increases for March on energy costs, tighter market
LONDON (ICIS)--European polyvinyl chloride (PVC) contract negotiations for March have centered on double to triple-digit increases, on the back of higher energy and feedstock costs for the month....
Poland’s Gaz-System pushes back commissioning of Gdansk 2 FSRU by six months to 2030
Start of regasification services at Gdansk 2 postponed by six months to 1 Jan 2030 Date by which FID must be taken moved forward five months to 31 July 2026 Binding open season to launch
Plant status: ILBOC base oils unit in Spain to undergo planned maintenance May-June
LONDON (ICIS)--Here is a plant status report: Name: ILBOC Location: Cartagena, Spain Product: Base oils Group II and Group III Capacity (tonnes/year): Group II 260,000; Group III 636,283 Event start:...
UKA December ’26 sell-off has limited impact on UK power far curve
UKA December ’26 shed 17% between 27 February and 16 March, while NBP prices have been supported by the US-Iran war Trader told ICIS the UKA sell-off is why the back end of the UK
Risk rolls down TTF curve as gas markets reassess duration of Iran war
TTF reprices sharply up as risk from Iran War lifts prompt, near curve around 60% in recent weeks Risk increasingly rolling down the curve as markets begin to price prolonged LNG disruption over...
Plant status: Wacker Europe VAM production impacted by ethylene supply constraint
LONDON (ICIS)--Here is a plant status report: Name: Wacker Location: Burghausen, Germany Product: Vinyl acetate monomer (VAM) Capacity (tonnes/year): 200,000 Event start: Week of 9 March Event...
No gas cap coming but emergency measures must be ready – EU energy commissioner
EU energy commissioner rules out broad gas price cap at ministerial summit No structural changes expected but ready for emergency options if crisis worsens EU leaders to hear options to curb energy...
High oil prices could raise US mortgage rates, hurt home sales – economist
HOUSTON (ICIS)--High oil prices in the wake of the ongoing US-Iran war could lead to an uptick in US mortgage rates and thus hurt home sales in coming months. In February, US pending home sales
Azoty’s Prozap to design second TNT facility for Polish Armaments Group
LONDON (ICIS)--Prozap, a unit of Grupa Azoty, has signed an agreement with fellow Polish company Nitro-Chem to design a second, new TNT facility, Azoty said on Tuesday. The design work for...
Italian and German routes dominate April ‘26 gas capacity bookings
Limited bookings in April PRISMA auctions, strongest interest at Italian and German border points Italy’s Mazara del Vallo sees largest capacity bookings at 16mcm/day, signalling sustained Algerian...
Indorama Ventures announces temporary war surcharge on US PET
HOUSTON (ICIS)--Indorama Ventures has announced it is implementing a temporary 5 cent/lb ($110/tonne) war surcharge on all grades of polyethylene terephthalate (PET) resin, effective immediately,...
Gas prices replace EUAs as main driver for the German Q2 ’26 power contract
German Q2 ’26 power has moved away from its earlier correlation with EUA prices and is now more closely tracking TTF gas movements Gas prices are likely to remain the key driver, as the market...
Plant Status: Dow Argentina HDPE plant running well after scheduled maintenance – sources
SAO PAULO (ICIS)--Here is a plant status report: Name: Dow Chemical Location: Bahia Blanca, Argentina Products: High-density polyethylene (HDPE) Capacity (tonnes/year): 71,000 Event start: 7 February...
APG Polytech seeking 9.5 cent/lb increase on US PET due to the ongoing Middle East conflict
HOUSTON (ICIS)--APG Polytech announced it is seeking a 9.5 cents/lb increase on US polyethylene terephthalate (PET), effective for all shipments on or after 13 March 2026, according to a customer...