Industry News
Chemical Industry News
Brazil’s Petrobras, Mexico’s Pemex sign MoU eyeing Gulf pre-salt frontier, petchems and fertilizers
SAO PAULO (ICIS)--Brazil's state-owned oil company Petrobras and its Mexican peer Pemex signed a memorandum of understanding (MoU) on Tuesday for strategic and technical cooperation across oil...
CRUDE SUMMARY: Crude losing ground as bearish signals hit market
Progress in US-Iran peace deal easing supply concerns Lingering weak Chinese demand weighing on market sentiment NYMEX WTI front-month contract rolls to August LONDON (ICIS)--Oil prices continued to...
Dow CEO Fitterling builds solid foundation, setting stage for next growth phase
NEW YORK (ICIS)--As he approaches the end of his long tenure as CEO of Dow, Jim Fitterling has solidly positioned the company for the coming challenges in the global chemical market amid profound...
Germany industry cuts GDP forecast, despite US-Iran MoU
LONDON (ICIS)--Germany’s top industrial trade group BDI expects only little GDP growth in 2026, even after considering the recent US-Iran memorandum of understanding (MoU) on ending the Middle East...
Europe June ECH largely softer on propylene; muted conditions
LONDON (ICIS)--Europe freely negotiated epichlorohydrin (ECH) contract prices largely edged lower in June, tracking a decline in upstream propylene costs and reflecting subdued ECH market...
Europe June epoxy prices largely stable despite cost pressures
LONDON (ICIS)--Europe epoxy resin prices have broadly stabilised in June, following a recent upward trend, despite cost pressures, amid slowing demand and growing supply - led by a jump in South...
Gas-power price link to remain, decarbonisation targets at risk – ACER
Gas to continue to set power prices and underpin flexibility, ACER says Biomethane viable decarbonised alternative More action needed to address fragmented policies and trading barriers LONDON...
GAS ALERT: French nuclear outage at Golfech 2 plant ended on 23 June
Samya Nabi contributed to this article LONDON (ICIS)--The forced outage at the French nuclear plant Golfech 2 has ended on 23 June, a week in advance compared to previous forecasts, its operator EDF...
Plant status: Thailand’s TPI Polene shuts EVA line into H1 July
SINGAPORE (ICIS)--Here is a plant status report: Name: TPI Polene Location: Map Ta Phut, Rayong, Thailand Product: Ethylene vinyl acetate (EVA) Capacity (tonnes/year): 65,000 Event start: 18/19 June...
Plant status: Thailand’s TPI Polene prolongs EVA output cut into H1 July
SINGAPORE (ICIS)--Here is a plant status report: Name: TPI Polene Location: Map Ta Phut, Rayong, Thailand Product: Ethylene vinyl acetate (EVA) Capacity (tonnes/year): 93,000 EVA/LDPE Event start:...
Microdroplet chemistry enables catalyst-free skeletal editing
Hydroxyl radicals power transformation of aniline into pyridine
Plant status: China’s ZRCC Lyondell restarts its No 1 SM-PO plant
SINGAPORE (ICIS)--Here is a plant status report: Name: ZRCC Lyondell Chemical Location: Zhejiang, China Product: Styrene monomer (SM), propylene oxide (PO) Capacity (tonnes/year): 620,000 (SM);...
China’s Jiangsu Longsheng Yungang plans green methanol project
SINGAPORE (ICIS)--China’s Jiangsu Longsheng Yungang Bio-Energy is planning to install a 180,000 tonne/year green methanol project at Lianyungang in Jiangsu province, a source familiar with the...
China’s Yuneng Energy Chemical New Material plans epoxy chain in Yulin
SINGAPORE (ICIS)--China’s Shaanxi Yuneng Energy Chemical New Material is planning to construct an integrated epoxy resin project in Yulin, Shaanxi province, northwest China, a source close to the...
Indonesia removes import tariffs on LPG, plastic raw materials
SINGAPORE (ICIS)--Indonesia’s rupiah (Rp) 26.34 trillion ($1.47 billion) budget for the second half of 2026 includes the removal of import duties on liquefied petroleum gas (LPG) for the...
China May toluene exports rise on year amid divergent domestic and overseas blending demand
SINGAPORE (ICIS)--China’s toluene exports in May was 129,850 tonnes, up 55.3% month on month and 122.0% year on year, according to the ICIS Supply and Demand Database. Robust overseas demand for...
Plant status: China’s Xinjiang Juli to shut TDI unit for maintenance late-June
SINGAPORE (ICIS)--Here is a plant status report: Name: Xinjiang Juli Chemical Location: Xinjiang, China Product: Toluene diisocyanate (TDI) Capacity (tonnes/year): 200,000 Event start: 24 June 2026...
Japan June flash manufacturing PMI rises to 54.9 as output growth accelerates
SINGAPORE (ICIS)--Japan’s manufacturing purchasing managers’ index (PMI) rose to 54.9 in June from 54.5 in May, supported by a faster increase in output due to higher demand, according to flash...
Plant status: Taiwan’s FCFC to keep No 2 SM line down in July 2026
SINGAPORE (ICIS)--Here is a plant status report: Name: Formosa Chemicals and Fibre Corp (FCFC) Location: Mailiao, Taiwan Product: Styrene monomer (SM) Capacity (tonnes/year): 350,000 Event start:...
China’s May methanol imports down 38.5% from Apr on Strait of Hormuz disruption
SINGAPORE (ICIS)--China’s methanol imports in May reached 345,926 tonnes, down by around 38.5% month on month and down by 73.2% year on year, according to the ICIS Supply & Demand Database,...