Industry News
Chemical Industry News
Plant status: Philippines’ JG Summit to suspend BD operations
SINGAPORE (ICIS)—Here is a plant status report: Name: JG Summit Location: Batangas, Philippines Product: Butadiene (BD) Capacity (tonnes/year): 70,000 Event start: Early January 2025 Event finish:...
Brazil to investigate alleged US, Canada PE dumping
SAO PAULO (ICIS)--Brazil is to start an investigation into polyethylene (PE) arriving on its shores from the US and Canada and whether the material constituted dumping, the government said. As...
US October PX assessed at a decrease on falling downstream demand
HOUSTON (ICIS) – US paraxylene (PX) October contract prices were assessed at a 1 cent/lb decrease from September to 50 cents/lb ($1,102.30/tonne). The decrease can be attributed to falling...
US gasoline supplies fall to two-year low as demand climbs
HOUSTON (ICIS)--US gasoline supplies fell during the week ended 8 November, thanks in large part to a rise in demand. Gasoline stocks decreased week on week, according to the US Energy Information...
CRUDE SUMMARY: Crude prices rise in whipsawing action despite bearish IEA 2025 outlook
US EIA inventory data shows significant fall in gasoline inventories US weekly initial jobless claims remain steady, as rise in joblessness fails to materialize IEA 2024 global demand growth forecast...
US producer price inflation accelerates to 2.4% year-on-year pace in October
HOUSTON (ICIS)--The pace of US producer price inflation accelerated in October, according to data from the US Bureau of Labor Statistics (BLS) on Thursday: Year-on-year, the producer price index...
Indorama strengthens surfactants business with two brand acquisitions
HOUSTON (ICIS)--The Indovinya surfactants business of Thai petrochemicals company Indorama Ventures has agreed to acquire two brands from Cargill Bioindustrial UK, officials said on Thursday. The...
US exporters should book cargoes 4-6 weeks in advance; ILA-USMX talks break down
HOUSTON (ICIS)--US exporters are being urged to book outgoing shipments four to six weeks in advance as US and Canadian port labor issues are ongoing and could coincide with the pre-Lunar New Year...
Plant status: Chevron Phillips Texas ethylene unit restarting after shutdown
HOUSTON (ICIS)--Here is a plant status report: Name: Chevron Phillips Chemical Location: Cedar Bayou, Texas, US Products: Ethylene, propylene Capacity (tonnes/year): 1.725 million (ethylene), 45,000...
Legislation to be reviewed to ensure filling – German gas body
German lobby of storage operators emphasises the need to ensure appropriate legislation that enables filling of facilities in the country in the case of continued unfavourable price signals As last...
Canadian groups to build biofuels terminal for Great Lakes shipping
TORONTO (ICIS)--A Canadian shipping authority and two partners are planning to construct a biofuels terminal to supply ships on the Great Lakes. The Canadian dollar (C$) 33 million (US$24 million)...
Possible suspension of Gazprom supply to OMV could keep supporting gas prices this quarter
LONDON (ICIS)--The possible suspension of Russian gas exports to Austria under a long-term contract between Austria's OMV and Russian producer Gazprom following OMV’s successful arbitration case...
France to maintain wide power supply margins this winter – RTE
RTE published its winter outlook remaining confident in French power supply Declining consumption and increasing nuclear, hydro power production has led to this winter being significantly less...
Europe MDI November contract price assessments are mixed for different specs
LONDON (ICIS)--In Europe, November contracts were assessed this week, with crude methylene diphenyl diisocyanate (MDI) at decreases and rollovers and pure MDI were at increases and rollovers. CRUDE...
Financial position holders nearly double the number of physical entities on ICE TTF, which could keep supporting price volatility
Traders agree that financial activity exaggerates trends on European gas benchmark TTF The number of individual players from investment funds is nearly the double of energy companies active on ICE...
EU proposes to soften definitive antidumping duties on China TiO2 imports
LONDON (ICIS)--Proposed definitive anti-dumping duties on China titanium dioxide (TiO2) imports into the EU are set to be softer than the provisional measures, according to a Commission letter to...
Syensqo chef Ilhan Kadri re-elected as Cefic president
LONDON (ICIS)--Cefic has re-elected Ilhan Kadri, CEO of Syensqo, for a new two-year term as president of the Belgum-based industry trade body. “The world is watching Europe, and the chemical...
Electricity markets unsuited for long-term hedging – ACER
ACER finds forward electricity markets not fit for hedging long-term investments Public investment may be needed to help with collateral requirements The agency calls for further market-design...
Europe November TDI contract price assessments mixed
LONDON (ICIS)--November contracts for toluene diisocyanate (TDI) were assessed at increases and rollovers in Europe this week. Deltas from October to November included rollovers, increases between...