Industry News
Chemical Industry News
New Turkish PET resin plant estimated start-up pushed to mid-October
LONDON (ICIS)--Turkey's SASA estimates that its sister company Merinos, will now start up its new 330,000 tonnes/year polyethylene terephthalate (PET) plant in Gaziantep, Turkey in the middle of...
ICIS BIOMETHANE COUNTRY FOCUS: Portugal
LONDON (ICIS)--This country focus is part of ICIS Biomethane Insight. If you would like to know more, access previous reports or price history, or share feedback, please send an email to...
WEEK 39 ICIS EUROPEAN BIOMETHANE MARKETS: Lithuania reaches 17 operating plants; biogas acquisitions continue in Italy
Subscriber notice: The following content is part of ICIS Biomethane Insight. If you would like to know more, access previous reports or price history, or share feedback, please send an email...
European acetone truck spot up as market tightens
LONDON (ICIS)--European acetone spot truck prices increased this week, with various supply restrictions contributing to a tighter market. Several players are now assessing the market as tight,...
Canada August manufacturing sales expected up 1.1%, led by chemicals, primary metals
TORONTO (ICIS)--Canada’s manufacturing sales likely rose 1.1% month on month in August, led by increases in the chemicals and primary metals sectors, according to a flash estimate by federal agency...
European phenol Q4 adder talks ongoing as costs set to surge in October
LONDON (ICIS)--Negotiations for European phenol fourth-quarter contract adders have begun as producers point to the prospect of tighter supply and sharply rising energy costs, while buyers worry...
BASF confirms it is in talks to acquire German specialty firm Evonik
LONDON (ICIS)--BASF is in talks regarding a potential takeover of Evonik, the German major announced on Friday. The chemicals bellwether confirmed that it is in exploratory talks with RAG-Stiftung...
WEEKLY POWER OUTLOOK: Reduced nuclear availability to underpin European prompt power in week 40
European power prices are likely to remain driven by gas market volatility in week 40, with French and Eastern European nuclear curtailments providing bullish sentiment to prompt contracts. Most...
Plant status: South Africa’s Sasol restarts LDPE plant after turnaround
LONDON (ICIS)--Here is a plant status report: Name: Sasol Location: Sasolburg, South Africa Product: Low density polyethylene (LDPE) Capacity (tonnes/year): 220,000 Event start: Late July to early...
Europe ethanolamines prices slip on muted post summer restocking
LONDON (ICIS)--European ethanolamines prices faced further erosion in September in response to relatively subdued post summer restocking, sufficient regional supply and a muted downstream outlook for...
Ethylene oxide – Europe
USES The majority of ethylene oxide (EO) is used in the production of ethylene glycol. Monoethylene glycol (MEG) is used for polyester fibers, resins and antifreeze formulations and PET film for...
Brazil court blocks Braskem funding for Mexican unit’s US bankruptcy plan
SAO PAULO (ICIS)--A Sao Paulo bankruptcy judge ordered Brazilian petrochemicals major Braskem to immediately halt payments and guarantees supporting the US Chapter 11 restructuring of its Mexican...
US consumer sentiment falls to four-month low, inflation expectations jump to 4.6%
HOUSTON (ICIS)--The University of Michigan’s Index of Consumer Sentiment fell from 51.7 points in August to a fourth-month low of 48.1 in September and was down 15% from January, it said in its...
Acetic acid – Asia
USES Acetic acid (AA) is a chemical intermediate and solvent with applications in construction, bottling, pharmaceuticals and textiles. Purified terephthalic acid (PTA) and vinyl acetate monomer...
CRUDE SUMMARY: Crude prices ease on prospect of phased US-Iran truce
US and Iran exploring prospect of easing reciprocal blockades Iran’s nuclear capabilities likely to prove main sticking point if negotiations mature Prospect of US diesel ban widening WTI-Brent...
German storage injections drop in week 39
Net injections fell to near zero on 22 September on lack of commercial incentive Shippers only filling what they need amid market-led approach from government Market tightness to transfer to Summer...
US August durable goods orders flat, following 0.9% July increase
HOUSTON (ICIS)--Following a 0.9% July increase, new orders for US-manufactured durable goods were flat month on month at $338.6 billion in August, according to US Census Bureau data on Friday. Orders...
German consumer confidence falls on rising energy prices
LONDON (ICIS)--Consumer confidence in Germany suffered a “significant setback”, according to the September survey of about 2,000 consumers released by the Nuremberg Institute for Market Decisions...
WEEKLY GAS OUTLOOK: European gas prices could slide on Hormuz headlines, storage still key
LONDON (ICIS)--European gas markets will likely continue experiencing volatility in week 40 though could trace lower amid reports that Iran is offering a proposal for a phased opening of the Strait...
Netherlands seeks phaseout of EU gas storage targets beyond 2027
Dutch government seeks phaseout of EU filling targets in their current form after 2027 Supplier obligations could replace some state buying, with the aim to reduce distortion to seasonal TTF spreads...