Industry News
Chemical Industry News
Mexico’s Alpek upbeat on PET as spreads shoot up, PP upgrade to fuel future gains – execs
SAO PAULO (ICIS)--Alpek said polyethylene terephthalate (PET) spreads in Asia were trending towards $300/tonne in April as the Iran war continued to disrupt supply flows and which is likely to...
CRUDE SUMMARY: Crude prices continue to rise while US-Iran talks off the table
US-Iran blockades continue to thwart Strait of Hormuz traffic Pakistan-led talks remain unscheduled although Islamabad in contact with warring parties US ceasefire remains in place, but rhetoric...
CF Industries launches low carbon UAN joining with PepsiCo to reduce carbon footprint
HOUSTON (ICIS)--CF Industries and PepsiCo have entered a commercial agreement focused on reducing the carbon footprint of PepsiCo’s potato supply chain through the use of nitrogen fertilizer...
Dow to continue working on Sadara JV restructuring, update by mid-2026 – CEO
NEW YORK (ICIS)--Dow will continue to work to restructure its Sadara joint venture with Saudi Aramco and provide an update by mid-2026, its CEO said. “One of the things I will continue to do as...
Europe naphtha firms on prompt tightness, forward cracks remain weak
LONDON (ICIS)--European naphtha markets showed signs of strengthening in the prompt, supported by firmer demand and tightening regional balances, although forward margins remained under pressure. In...
Europe April ADA freely negotiated prices increase again
LONDON (ICIS)--Europe adipic acid (ADA) freely negotiated contract prices for April settled at triple-digit increases from March. The ICIS monthly freely negotiated ADA FD (free delivered) NWE...
GAS ALERT: EU adopts 20th package of sanctions against Russia
The EU has adopted a 20th package of sanctions against Russia, including measures impacting the LNG and energy industry, according to the EU statement. The package includes a ban on LNG terminal...
Canada March manufacturing sales expected up 3.5% from February
TORONTO (ICIS)--Canada’s manufacturing sales likely rose 3.5% month on month in March, led by increases in the petroleum and coal products and the transportation equipment sectors, according to a...
Dow sees upside to $2 billion Q2 EBITDA guidance with further price increases – execs
NEW YORK (ICIS)--Dow sees upside to its Q2 operating earnings before interest, tax, depreciation and amortization (EBITDA) guidance of $2 billion if further polyethylene (PE) price increases go...
Middle East supply disruptions to have ripple effects and reshape global petrochemicals – Dow
NEW YORK (ICIS)--The ripple effects from the unprecedented energy and chemical supply disruptions from the Middle East will last for an extended period and reshape the global petrochemical industry,...
Plant status: Pemex shutdown LDPE Mexico plant for planned maintenance
Name: Pemex Location: La Cangrejera, Mexico Product: Low density polyethylene (LDPE) Capacity (tonnes/year): 105,000 Event start: 23 April Event finish: 15 May Reason: Planned maintenance Comments:...
Shippers book sufficient Italian gas-storage capacity to hit 90% fullness target
Snam halts incentivised premium as booked storage capacity sufficient to achieve 90% filling target Volumes totalling 9bcm required by 1 November to fill capacity, energy minister says Traders hold...
Canada March producer prices rise on war impacts, plastic resins up 15.4% from February
TORONTO (ICIS)--Producer prices in Canada, as measured by the industrial product price index (IPPI), rose 2.4% month on month in March - four times faster than in February, when prices rose 0.6%,...
Months-long lag to limit impact of potential Italian coal restart – analysts
Mothballed Italian coal plants could return if gas prices exceed €70/MWh Restart likely to take months due to fuel, logistics, and staffing constraints Impact likely limited to longer-dated Italian...
PODCAST: As Iran war drags on, impact moves from base case to serious scenarios
BARCELONA (ICIS)--With the Iran war now in its eighth week, we can expect more serious consequences for chemicals from rising inflation, demand destruction and a prolonged post-war recovery period....
US natural gas futures gain on cold weather
Henry Hub futures gained on colder weather driven demand US Climate Prediction Center's weather outlook showed below-normal temperatures for the majority of the country Storage data shows inventories...
Volatile gas prices remain the main driver of Hungarian power spot prices
Higher gas prices continue to support Hungarian power spot prices until June Mixed solar, wind forecasts could limit potential spikes or dips Hungary’s largest gas-fired power plant expected to be...
ACER expects 80% EU gas storage target to be achievable but more expensive
80% EU-wide storage filling achievable with stable LNG imports - ACER 90% would be particularly difficult and require 13% increase in LNG imports Ramp up of existing projects and new ones offsets...
LNG Weekly Market Report: New US supply and Australian return come amid another week of turmoil
OUTLOOK US-Iran tensions remain elevated with ceasefire conditions in flux, ongoing Strait of Hormuz disruptions and stalled talks as US maintains shipping blockade Australian supply recovers to ease...
Contra-thermodynamic stereochemical editing explained
How chemists are using light, enzymes and mechanical force to access higher‑energy stereoisomers without rebuilding a molecule from scratch