Industry News
Chemical Industry News
Malaysia Oct palm oil stocks fall below 2m tonne threshold – MPOB
HOUSTON (ICIS)--Malaysian palm oil ending stocks returned below the 2.0m tonne psychological threshold in October, according to the latest statistics released by the Malaysia Palm Oil Board (MPOB),...
Argentina’s inflation falls below 200%, monthly price rises at three-year low
SAO PAULO (ICIS)--Argentina’s annual rate of inflation stood in October at 193%, down from September’s 209%, and monthly inflation rose at the slowest rate since 2021, the country’s statistics...
Mexico’s new cabinet focus on infrastructure chimes with chemicals demands – Braskem Idesa exec
SAO PAULO (ICIS)--The new Mexican government led by Claudia Sheinbaum is keeping and expanding the focus on much-needed infrastructure projects which would help increase the chemicals sector’s...
Advancing Banio project, Millennial Potash gains progress on Gabon port and power plant efforts
HOUSTON (ICIS)--Canadian fertilizer developer Millennial Potash, which is advancing the Banio Potash project in Gabon, announced it has achieved progress at both the Mengali port construction site...
CRUDE SUMMARY: Volatile market struggles to escape weight of strong US dollar index
Soaring US dollar index bearish for oil demand US Consumer Price Index rises to 2.6% year on year in October Potential selection of Marco Rubio for US Secretary of State may curb Iranian oil supply...
US Q3 EDC production up 5% from previous quarter
HOUSTON (ICIS)--US ethylene dichloride (EDC) production increased in Q3 by roughly 5% compared to the prior quarter, according to figures compiled by the American Fuel & Petrochemical...
N America chemical rail traffic rises for fourth week
HOUSTON (ICIS)--North American chemical rail traffic rose for a fourth consecutive week, with loadings for the week ended 9 November up 2.1 % year on year to 46,541, according to the latest freight...
US Q3 ethylene inventories fall to lowest level since 2021
HOUSTON (ICIS)--US Q3 ethylene inventories fell to their lowest quarterly level since Q2 2021, according to data from the American Fuel & Petrochemical Manufacturers (AFPM). Cracker outages, some...
US corn now 95% harvested with soybeans at 96%
HOUSTON (ICIS)--The US harvest is nearly over with corn now at 95% and soybeans having reached 96% completed according to the latest US Department of Agriculture (USDA) weekly crop progress report....
Canada ports prepare to resume operations, but timeline still unclear
TORONTO (ICIS)--The Port of Vancouver and other Canadian West Coast ports as well as the Port of Montreal were preparing on Wednesday to resume operations, but the exact timeline remains unclear,...
US Q3 MEG production falls year on year
HOUSTON (ICIS)--US Q3 production of monoethylene glycol (MEG) fell 12% year on year, according to data from the American Fuel & Petrochemical Manufacturers (AFPM). This drop in production can be...
US Q3 EO production dropped year on year
HOUSTON (ICIS)--US Q3 production of ethylene oxide (EO) dropped more than 15% year on year, according to data from the American Fuel & Petrochemical Manufacturers (AFPM). This drop in production...
US Q3 propylene production and inventories fall year on year
HOUSTON (ICIS)--US Q3 production of propylene dropped year on year, according to data from the American Fuel & Petrochemical Manufacturers (AFPM). Q3 production of total propylene production...
German Verbio plans 10 biogas plants in India to help fight air pollution
LONDON (ICIS)--Verbio plans to build 10 compressed biogas (CBG) plants in India that will help reduce air pollution there, the CEO of the Germany-based biorefiner said in an update during the...
US Q3 ’24 benzene production and inventories rise year on year
HOUSTON (ICIS)--US Q3 2024 production of benzene rose 9.9% quarter on quarter and 10.5% year on year, according to the latest data from the American Fuel & Petrochemical Manufacturers (AFPM)....
US ethylene August output rose as cracker outages subsided
HOUSTON (ICIS)--The daily rate of US ethylene production from steam crackers rose in August, according to data from Worley Consulting, formerly Advisian. Total ethylene production also increased,...
US BD production up on higher op rates
HOUSTON (ICIS)--The August daily rate of US butadiene (BD) production from steam crackers rose on higher industry operating rates, according to data from Worley Consulting. Total BD production...
US Q3 BD production rises year on year on fewer outages
HOUSTON (ICIS)--US Q3 production of butadiene (BD) rose year on year, according to data from the American Fuel & Petrochemical Manufacturers (AFPM). Despite production and feedstock allocation...
US Q3 MX production rises by 20.9% year on year
HOUSTON (ICIS)--US Q3 production of mixed xylenes (MX) rose by 20.9% year on year, according to data from the American Fuel & Petrochemical Manufacturers (AFPM). MX production was down by 4.6%...
German gas-for-power demand could fall from nine-month highs
Gas-fired power generation climbs as weather pressures renewables output in early November Between 5-11 November, demand from this sector accounted for 25% of power generated in Germany, up from 16%...