Industry News
Chemical Industry News
LatAm PP domestic prices fall in Chile, Colombia, Mexico tracking lower feedstock costs, weak demand
SAO PAULO (ICIS)--Domestic polypropylene (PP) prices fell in Chile, Colombia and Mexico, tracking lower feedstock costs and weak demand. In other Latin American (LatAm) countries, prices were...
ITC US determined import injury to US tire industry from Thailand
HOUSTON (ICIS)--The US International Trade Commission (ITC) determined on Friday that the domestic industry has been materially injured by Thailand truck and bus tires allegedly sold in the US at...
Preliminary US ADDs determined against Asian epoxy imports
HOUSTON (ICIS)--The US Department of Commerce (DOC) has made an affirmative determination on preliminary antidumping duties (ADDs) against epoxy resins imports from South Korea, Taiwan, Thailand,...
SHIPPING: Asia-US container rates largely stable as tariffs loom
HOUSTON (ICIS)--Rates for shipping containers from east Asia and China to the US were largely stable this week even as importers prepare for higher rates considering proposed tariffs on imports...
Sumitomo Rubber announces closure of tire manufacturing plant in New York
HOUSTON (ICIS)--Sumitomo Rubber USA, LLC (SRUSA) has released the announcement of the closure of its tire manufacturing facility located in Tonawanda, New York, on 7 November 2024, effective...
LOGISTICS: Trump presidency could boost trucking, rail, warehousing – analysts
HOUSTON (ICIS)--President-elect Donald Trump’s focus on energy policy with the "drill baby, drill” strategy could provide a significant boost for the domestic trucking market, railroads and...
Canada employment nearly flat in October
TORONTO (ICIS)--Canada’s employment inched up 0.1% month on month in October, growing by only 15,000 jobs, according to data by federal agency Statistics Canada (StatsCan) on Friday: Unemployment...
INSIGHT: Braskem’s tariffs-infused optimism risks turning into complacency
SAO PAULO (ICIS)--Management at Brazil’s polymers major Braskem sounded on Thursday the most optimistic in many quarters after the Brazilian government - which indirectly has a stake on the company...
CRUDE SUMMARY: Oil prices choppy but rangebound in week of mixed economic drivers
Hurricane Rafael threat to Gulf production reduces as path changes and severity weakens Federal Reserve likely to follow November’s rate cut with a final 25 bps cut in December China’s $1.4...
Europe November BPA formula contracts up on firmer upstream phenol
LONDON (ICIS)--Europe bisphenol A (BPA) formula contracts firmed in November, amid gains in upstream phenol contract costs this month. This reflects a change in direction versus the previous month....
US consumer confidence edges higher in November
HOUSTON (ICIS)--US consumer sentiment improved for a fourth consecutive month in November, according to preliminary results from the University of Michigan’s monthly consumer survey on Friday. The...
Brazil’s central bank to keep rising rates as October inflation nears 5% – analysts
SAO PAULO (ICIS)--Brazil’s annual rate of inflation ticked up to 4.76% in October, up from 4.4% in September, as electricity bills and foods costs rose strongly, the country’s statistics office...
Europe PS and EPS November price negotiations underway, low demand and destocking
LONDON (ICIS)--November contract price negotiations are starting in the Europe polystyrene (PS) and expandable polystyrene (EPS) market, since upstream feedstock styrene contract prices have...
Belgian chemical trade group draws lessons from Trump win
LONDON (ICIS)--Belgian chemical industry trade group essenscia sees three lessons to be drawn from Donald Trump's victory in this week’s US presidential election, its director general, Yves...
PP SE Asia deals, discussions for week ended 8 November 2024
SINGAPORE (ICIS)--Here are the polypropylene (PP) CFR (cost & freight) southeast (SE) Asia and CFR Vietnam deals and discussions for the week. PP Flat yarn Type Origin (D/ND) A.S. Price ($/tonne)...
Europe acetone spot prices under pressure
LONDON (ICIS)--European acetone domestic spot prices and export spot prices dropped this week. There is more than enough material around to cover demand domestically. For export, prices in the US are...
Europe phenol contract up with benzene for November
LONDON (ICIS)--The European November phenol contract has increased by €56/tonne, tracking the rise in the upstream Europe benzene contract price this month. Overall, there was no energy surcharge...
Labor disruptions at Canada West and East coast ports continue
TORONTO (ICIS)--The labor disruptions at Canada’s West and East coast ports continued on Friday while the chemical, fertilizer and other industries keep warning about impacts on manufacturers and...
WEEKLY POWER OUTLOOK: Low wind and colder temperatures to lift spot prices in week 46
LONDON (ICIS)-- Low renewable output and colder temperatures in central western Europe is likely to continue supporting spot prices through week 46. Wind generation across the UK, Germany, France and...
Europe MPG spot sellers fail to pass on higher feedstock costs
LONDON (ICIS)--Prices in the European propylene glycols (PG) spot markets were stable to soft this week as lethargic demand prevented sellers from passing on higher production costs. Monopropylene...