Industry News
Chemical Industry News
US Trinseo expects another net loss in Q4
HOUSTON (ICIS)--Trinseo expects to report another net loss in the fourth quarter after reporting a larger than expected Q3 net loss, the US based engineering materials producer said on Wednesday. It...
Nutrien said fall fertilizer demand being supported by early harvest, need to replenish soil
HOUSTON (ICIS)--Nutrien said demand in North America for the fall fertilizer application has been supported by a relatively early harvest along with the need to replenish soil nutrients following a...
US Gulf rigs shut ahead of Rafael; storm may dissolve before hitting US chems
HOUSTON (ICIS)--US Gulf producers have shut in 17% of oil production and 7% of gas production ahead of Hurricane Rafael, but the storm may pose little threat to chemical plants along the US Gulf...
US Kronos expects TiO2 demand to weaken in Q4
HOUSTON (ICIS)--Kronos Worldwide expects demand for titanium dioxide (TiO2) to weaken in the fourth quarter, continuing a trend that started in the third quarter, the US-based pigment producer said...
Hapag-Lloyd orders news ships with liquefied gas dual-fuel propulsion that are ammonia ready
HOUSTON (ICIS)--Shipping company Hapag-Lloyd announced it has ordered 24 new container ships which will feature liquefied gas dual-fuel propulsion and be ammonia-ready. The deliveries of these ships,...
SHIPPING: October chem tanker arrivals at US Port Houston edge higher year on year
HOUSTON (ICIS)--October arrivals of liquid chemical tankers at Port Houston rose from the same month in 2023 while crude tanker arrivals surged, according to the latest data from the Greater Houston...
US chem indices close flat despite big post-election stock rally
HOUSTON (ICIS)--The major US chemical indices closed mostly flat on Wednesday following a massive rally in the US stock market that followed the election of Donald Trump as the next US president. The...
US crude futures slide 30 cents/bbl on post-election volatility
HOUSTON (ICIS)--NYMEX WTI crude futures for December delivery settled at $71.69/bbl, down 30 cents, after Donald Trump’s victory in the US presidential election was being priced by the oil...
US October auto sales rise year on year, but chems demand from sector remains soft
HOUSTON (ICIS)--US October sales of new light vehicles improved from September and were up slightly year on year, but the industry continues to face headwinds that continue to weigh on demand for...
SHIPPING: Trump presidency likely to push container rates higher amid rush to beat tariffs
HOUSTON (ICIS)--Newly elected US President Donald Trump will not be inaugurated until late January, but container rates could surge in the near term amid efforts to import volumes before the he...
CRUDE SUMMARY: Second Trump administration results in volatile crude prices
US dollar strength makes dollar-denominated commodities more expensive Expectations of tariffs implemented by Trump may hinder US economic growth US EIA data showing gasoline demand down 1.5% year on...
PODCAST: ICIS experts share key facts on US polymer markets at PackExpo ’24
HOUSTON (ICIS)–Several ICIS market experts share insightful facts related to their respective plastics markets, amid conversations with industry professionals at PackExpo '24. Though each market...
Mexico’s automotive October output up 1%, sales and exports up over 5%
SAO PAULO (ICIS)--Mexico's petrochemicals-intensive automotive sector reported significant growth in October, with domestic sales at slightly more than 122,000 units, up 7.0% year on year, the...
US chem groups urge Trump to support local production, cut red tape
HOUSTON (ICIS)--Chemical trade groups in the US urged President-Elect Donald Trump to pursue policies that would support more domestic production and provide regulatory certainty. “Chemistry...
N American chemical rail traffic rises for third week, US up 7.7%
HOUSTON (ICIS)--North American chemical rail traffic rose 5.9% year on year to 47,001 loadings for the week ended 2 November, with increases in all three countries - US, Canada, Mexico, according to...
Brazil’s automotive October output up over 8% on healthy domestic sales, recovery in exports
SAO PAULO (ICIS)--Brazil’s petrochemicals-intensive automotive sector posted in October its best sales since 2014 at nearly 265,000 units, the country’s trade group Anfavea said on Wednesday....
EU energy commissioner pick to support existing wholesale market structure
Incoming EU energy commissioner signals support for existing wholesale energy market structure However, he intends to clamp down on 'speculation' in the market, tightening REMIT enforcement If...
Germany’s exports to US could fall 15% if Trump tariffs move forward
LONDON (ICIS)--Germany’s exports to the US could fall by around 15%, at an estimated cost of €33 billion to the country’s economy, if US President-elect Donald Trump moves ahead with his...
Europe markets, chemicals trading chills as tariff fears grow
LONDON (ICIS)--Europe markets tumbled in afternoon trading on Wednesday, reversing earlier gains as the euro fell in value against the US dollar amid fears over the introduction of fresh tariff...
FBMC MONTHLY: French exports to continue despite tight renewable output
LONDON (ICIS) -- France will likely maintain its net exporting position for the remainder of November across the flow-based market coupling (FBMC) region as power supply margins in the country remain...