Industry News
Chemical Industry News
CRUDE SUMMARY: Crude soars to above $100/barrel threshold as Iran war enters 10th day
Iran appoints new supreme leader Saudi Aramco, together with other Persian states, cut oil production G7 eyeing possibility of crude release from emergency stocks LONDON (ICIS)--Oil prices surged by...
Middle East tensions drive sharp price rises in Europe’s LPG market
LONDON (ICIS)--Prices in the liquefied petroleum gas (LPG) market in Europe increased as the market tries to understand the impact of the US-Iran conflict. There is tightness in both propane and...
Europe LPG prices see triple-digit increase
LONDON (ICIS)--Liquefied petroleum gas (LPG) spot prices increased last week, due to uncertainty over the Middle East conflict. The triple-digit increases were also because of the rise on crude oil...
Europe DEG, TEG spot prices climb on supply tightness
LONDON (ICIS)--European diethylene glycol (DEG) spot prices climbed on the back of higher production costs and tight supply in early March. The Middle East conflict continues to cause turmoil in the...
FBMC WEEKLY: Weak fundamentals outweigh Middle East war for European power spot prices
LONDON (ICIS)--While the Middle East conflict continues to impact power prices, the effect on Day-ahead prices in the flow-based market coupling region (FBMC) in week 11 is likely to be dampened by...
US-Iran war could pressure European wholesale gas market liquidity
US–Iran war turmoil could see sharp drop in European gas liquidity. Volatility and soaring hedging costs push traders to retreat Rebound hinges on calmer geopolitics, market stabilisation LONDON...
Some Russian LNG will swing from Europe to Asia in the “near future” – Novak
Novak says Russian LNG to Europe could be swung to Asia in “near future” Insufficient length in Novatek tanker fleet for more exports to Asia Timeline and logistics unclear LONDON (ICIS)--Russia...
Europe MEG spot prices firm; March contract stalls on feedstock surge amid Middle East conflict
LONDON (ICIS)--European monoethylene glycol (MEG) spot prices have increased in early March. Concerns over the US-Iran conflict are mounting as feedstock costs jump higher this week. MEG spot prices...
Intra-Europe chemical tanker spot rates soar on US-Iran war impact
LONDON (ICIS)--The week ending 6 March brought chaos and strong upward pressure to spot chemical tanker markets, resulting in all ICIS assessed intra-European spot freight rates rising sharply from...
Plant status: Orlen declares FM at Plock, Poland cracker – sources
LONDON (ICIS)--Here is a plant status report: Name: Orlen Location: Plock, Poland Products: Ethylene, propylene, butadiene (BD) Capacity (tonnes/year): 700,000 (ethylene), 385,000 (propylene),...
Global bunker prices surge by 30-35%, tracking soaring crude as US-Iran crisis persists
HOUSTON (ICIS)--Global bunker fuel prices have surged by 30-35% over the past week as the US-Iran conflict and closure of the Strait of Hormuz has sent crude oil prices soaring to multiyear highs,...
Indian government reassures farmers of adequate fertilizers stocks for upcoming kharif season
LONDON (ICIS)--The Indian Department of Fertilizers has guaranteed that fertilizer inventories in the country are secure for the upcoming Kharif season. On 6 March, the Department of Fertilizers...
CORRECTED: GAS ALERT: Portugal to Spain flows cut to zero in early April
(Correction: The dates of the outage in the first paragraph have been amended) LONDON (ICIS)--Maintenance work will bring the Spain-Portugal VIP Iberico interconnector offline between 6-10 April,...
Transatlantic westbound chemical tanker spot rates rise on US-Iran war, soaring fuel costs
LONDON (ICIS)--Chemical tanker spot freight rates on transatlantic (TA) westbound routes rose in the week ending 6 March compared with the previous week, based on market feedback. The move in ICIS...
European E&P series glycol ethers prices jump as market reacts to cost changes and new uncertainty
LONDON (ICIS)--Spot prices for European E&P series glycol ethers jumped in the first week of March as market participants reacted to recent surging energy and feedstock costs on the back of new...
Volatile gas markets to drive UK power front-month prices
By Anna Coulson and Harvey Bassett UK power April ‘26 contracts at a premium to European counterparts Gas market volatility to remain key price driver, UK likely to import power next month ICIS...
Plant status: Cornerstone begins turnaround at US Waggaman melamine plant
HOUSTON (ICIS)--Here is a plant status report: Name: Cornerstone Chemical Company Location: Waggaman, Louisiana, US Product: Melamine Capacity (tonnes/year): 80,000 Event start: 9 March Event finish:...
MARGINS: Europe naphtha-based PE margins down sharply on soaring upstream costs
LONDON (ICIS)--Margins for naphtha-based polyethylene (PE) plants in Europe fell sharply week on week as feedstock and energy costs surged amid the escalating conflict in the Middle East, hitting...
First half-Möbius molecule made
Twisted structure is an unprecedented case of a compound that becomes aromatic by breaking its own symmetry
German caustic soda ECU contract margins fall in week as energy prices rise
LONDON (ICIS)--Average German membrane electrochemical unit (ECU) contract margins fell in the week ending 6 March. The ECU value fell, with the calculated value of chlorine lower. Average energy...