Industry News
Chemical Industry News
Europe PET market sees shift in momentum as Middle East tensions add caution
LONDON (ICIS)--The European polyethylene terephthalate (PET) market registered a noticeable change in pace this week, with both buyers and sellers reporting increased enquiries and a more cautious...
Europe BPA spot prices stable to soft in fairly balanced but slow market
LONDON (ICIS)--European bisphenol A (BPA) spot sentiment is stable to soft this week, in line with business done and as sufficient supply weighed against low demand. A domestic spot deal for four...
Germany wholesale prices keep rising in December, but chems fall 1.0%
LONDON (ICIS)--Germany’s wholesale prices rose 1.2% year on year in December, for a 12th straight increase in 2025, according to data by the country’s federal statistics office. As in November,...
Relocated US etac plant completion, start-up put on hold – Viridis
HOUSTON (ICIS)--Construction at the new site of a Viridis renewable ethyl acetate (etac) plant has been put on hold, the company said this month. The 50,000 tonne/year plant, which had...
Reliance oil to chems earnings jump in Q3 despite weaker chems margins
LONDON (ICIS)--Reliance Industries’ fiscal third-quarter oil to chemicals segment earnings firmed by 14.6% compared with the same period a year earlier, as a stronger transportation fuel crack...
US Dec industrial production rises 0.4% from Nov
HOUSTON (ICIS)--Total US industrial production (IP) increased 0.4% month on month in December, and it was up 2.0% year on year from December 2024, the US Federal Reserve reported on Friday. In Q4,...
Eastward gas demand likely to keep VTP February ’26 supported against TTF
VTP February ’26 premium to TTF up on eastward flow demand Cold weather and low stocks in Ukraine could further tighten supply Austria likely to sustain Q4 ’25 trend of higher flows toward...
ICIS POWER INSIGHT WEEK 3 NEWS IN BRIEF
This news summary was generated via Ask ICIS LONDON (ICIS)--Please find below a short summary of the key power stories ICIS published in week 3. FBMC WEEKLY: Germany could switch to net imports amid...
Tuscany denies extension to Piombino LNG terminal
Authorizations of Italis LNG FRSUwill expire in July with future uncertain Snam asked for an extension but Tuscany region rejected it No immediate impact on the market but bullish potential is high...
WEEKLY POWER OUTLOOK: Balkan spot prices to rise next week amid cold snap, Paks outage
LONDON (ICIS)--A spell of intense cold, an extension to the 243MW outage at the Hungarian Paks nuclear power plant and rising European power exports to Ukraine all represent bullish factors for power...
Total declares force majeure at Gonfreville EVA plant, no return estimated
LONDON (ICIS)--Here is a plant status report: Name: TotalEnergies Location: Gonfreville, France Product: Ethylene vinyl acetate (EVA) Capacity (tonnes/year): 40,000 Event start: 16 January 2026 Event...
Africa’s PP spot prices rise on firmer stance from sellers to reclaim margins
LONDON (ICIS)--Polypropylene (PP) spot prices were firming across a number of African regions this week and the pace of trade was ticking up as more converters came back from end-of-year breaks....
US Mosaic phosphates sales drop in Q4 on challenging market environment
LONDON (ICIS)--US fertilizer producer Mosaic posted a drop in phosphates and potash sales in the fourth quarter, citing a challenging market environment. Phosphates sales volumes decreased to...
Henkel to acquire Swiss-based ATP Adhesive Systems
LONDON (ICIS)--German adhesives company Henkel has agreed to acquire Swiss-based ATP Adhesive Systems from private equity firm Arsenal Capital Partners for an undisclosed sum. The acquisition would...
WEEKLY GAS OUTLOOK: Cold snap expectations to support European gas prices in week 4
By Tatjana Jovanovic and Harvey Bassett LONDON (ICIS)--European gas prices are likely to be supported in week 4 amid an incoming cold snap across most of the continent. Europe is braced for a drop in...
EnBW exits 3GW Mona and Morgan UK offshore wind projects following no CFD agreements
EnBW withdrew from the development of the Mona and Morgan offshore wind projects with Jera Nex BP, located in the UK, on 15 January This is primarily due to the projects, with a combined capacity
INSIGHT: New US-Taiwan tariff cap offers thin cushion for chemicals
SINGAPORE (ICIS)--A new US-Taiwan trade pact announced on 15 January caps reciprocal tariffs at 15% for Taiwanese shipments to stabilize trade flows as its domestic chemical industry grapples with...
Canada cuts tariffs on EVs from China
TORONTO (ICIS)--Canada will reduce its tariffs on electric vehicles (EVs) from China, and in return China will cut its retaliatory tariffs on Canadian canola seeds and other products, the Canadian...
Quantum dot pioneer and Nobel prize winner Louis Brus dies at 82
Brus shared the 2023 chemistry Nobel prize with Alexei Ekimov and Moungi Bawendi
Europe acetone market tightens on DOMO announcement
LONDON (ICIS)--European acetone supply is under pressure this week from a combination of supply-side factors. While underlying demand is no better, sources say the DOMO insolvency announcement has...