Industry News
Chemical Industry News
East China MEG inventories decline further on limited imports
SINGAPORE (ICIS)--Monoethylene glycol (MEG) inventories in east China decreased to 755,000 tonnes on 8 May, down by around 5.3% from 30 April, ICIS data showed, largely due to limited import...
Asia TiO2 halts uptrend in post-holiday market
SINGAPORE (ICIS)--Titanium dioxide (TiO2) spot indicative prices in Asia were unchanged so far on Friday. Buy and sell indications were in the range of $2,500-2,600/tonne FOB (free on board) China,...
Plant status: S Korea‘s Hanwha Impact shuts No 3 PTA unit for maintenance
SINGAPORE (ICIS)--Here is a plant status report: Name: Hanwha Impact Corporation Location: Ulsan, South Korea Product: Purified terephthalic acid (PTA) Capacity (tonnes/year): 450,000 Event start: 8...
Polytives additives coming to Canada: German start-up enters North America
Polytives GmbH is launching a partnership with the established Canadian distributor Simcoe Plastics Ltd., enabling the young company to systematically expand its international presence: Simcoe Plastics will take over the distribution of Polytives additives in
China sulphur plunges as supply concerns ease
SINGAPORE (ICIS)--Sulphur prices in China declined dramatically on Thursday, as potential reopening of the Strait of Hormuz eased concerns over future supply. Both spot and electronic trading prices...
China’s sulphur port inventories down 6,000 tonnes on more trading
SINGAPORE (ICIS)--China’s sulphur port inventories fell to around 1.263 million tonnes on 7 May, because of more trading in the domestic market, ICIS data showed. This marks a decrease of 6,000...
China’s DAP port inventories stable at 20,000 tonnes on no arrivals
SINGAPORE (ICIS)--China’s diammonium phosphate (DAP) port inventories were around 20,000 tonnes on 7 May, as there are no new volumes arriving at the ports, ICIS data showed. The inventories were...
Court rules against 10% tariffs US imposed under Section 122
HOUSTON (ICIS)--A US court ruled on Wednesday that the US lacked the authority to impose 10% tariffs under Section 122, a measure the government adopted as a bridge before it could impose a more...
US Olin Q1 earnings beats guidance
HOUSTON (ICIS)-- Olin swung to a Q1 net loss but still managed to beat its earlier guidance for the quarter, the US-based chloralkali producer reported on Thursday. It reported $86.2 million in...
Mexico cuts rates to 6.50% as softer inflation, slowing economy seal final move in easing cycle – analysts
SAO PAULO (ICIS)--Mexico's central bank cut its benchmark interest rate by 25 basis points (bps) to 6.50% on Thursday, bringing a two-year easing cycle to a close as a dip in April inflation and a...
Sempra’s Costa Azul LNG begins startup activities, targets first LNG in June
Energia Costa Azul LNG has introduced feedgas to its system, and first LNG is expected in June Port Arthur LNG Phase 1 and 2 construction remain on time and on budget Sempra said global buyers
Tronox expects three former Venator plants to restart in Europe
HOUSTON (ICIS)--Tronox expects three pigment plants formerly owned by Venator Materials could start up, although the one in the UK could take some time, the CEO of the US-based producer said on...
Iran rejects US plan for Strait of Hormuz, demands reparations – Iran military advisor
HOUSTON (ICIS)--Iran has rejected a US plan for reopening the Strait of Hormuz and will demand reparations in any deal, a senior Iranian official said on Al Mayadeen, an Arab independent television...
Chinese plants may reduce TiO2 output on scarce sulfuric acid
HOUSTON (ICIS)--Pigment producers in China could reduce output because of shortages of sulfuric acid, which is used by about 80% of its plants to make titanium dioxide (TiO2), the CEO of US-based...
NYMEX: US gas futures edged higher following a smaller than expected gas storage injection
Front-month US natural gas futures edged up on 7 May following the EIA gas storage report The June 2026 Henry Hub contract on NYMEX settled at $2.769/MMBtu, up nearly 1.4% from the previous session...
UAE TA’ZIZ secures financing for Abu Dhabi methanol plant targeted for 2028
HOUSTON (ICIS)--TA’ZIZ Methanol Company has secured $2 billion in financing for UAE’s first world-scale methanol plant in Al Ruwais Industrial City, Abu Dhabi, its parent companies said on...
German March manufacturing orders rise as customers front-load
LONDON (ICIS)--Germany’s manufacturing orders rose 5.0% month on month in March, and after excluding orders for aircraft and other big-ticket items they rose 5.1%, according to statistical data...
Cheniere boosts 2026 production outlook by 1mtpa
Total production outlook ranges 52-54mtpa across two US plants Cheniere plans to market extra volumes Next Corpus Christi midscale train to reach first LNG within days HOUSTON (ICIS)--US LNG producer...
CRUDE SUMMARY: Crude prices fall for third consecutive session amid US-Iran temporary peace deal optimism
Strait of Hormuz could reopen as US and Iran edge closer to temporary agreement Permanent peace deal could be harder to achieve, key points contentious for both sides UAE said to have shipped 6...
Physical chemist receives 15-year US federal research funding ban
Former tenured university professor found to have fabricated or falsified data in 12 research papers