Industry News
Chemical Industry News
US November benzene contracts settle down slightly, following lower spot prices
HOUSTON (ICIS)--US November benzene contract prices dropped slightly month on month, falling 3 cents/gal from October. Benzene contract prices are now assessed at $3.10/gal FOB (free on board) US...
US Commerce Department takes preliminary action on DOTP antidumping investigations
HOUSTON (ICIS)--On 30 October 2024, the US Department of Commerce issued preliminary affirmative determinations in its antidumping (AD) investigations into imports of dioctyl terephthalate (DOTP)...
Indorama Ventures to collaborate, launch PET bottles using Bio-PX
HOUSTON (ICIS)--Indorama Ventures announced it is planning to launch the first bio-polyethylene terephthalate (PET) bottle made from bio-paraxylene (PX) in collaboration with Suntory, ENEOS...
CRUDE SUMMARY: Crude prices move up on demand hopes following positive economic data
China’s PMI data suggests recovering economic performance US PCE supports interest rate cut expectations Global supply could tighten amid potential delay to planned OPEC+ output hike LONDON...
LanzaTech and Eramet plan CCU-based ethanol project in Norway
LONDON (ICIS)--Carbon recycling company LanzaTech Global and metallurgical group Eramet on Thursday disclosed plans for a carbon capture and utilization (CCU) facility to produce ethanol at...
Plant status: Shell’s Deer Park, Texas OP-3 unit down on unexpected outage
HOUSTON (ICIS)--Here is a plant status report: Name: Shell Chemicals Location: Deer Park, Texas Product: Ethylene, propylene Capacity (tonnes/year): 475,000 (ethylene), 190,000 (propylene) Event...
Plant status: INEOS’ Texas olefins unit experiences process upset
HOUSTON (ICIS)--Here is a plant status report: Name: INEOS Olefins and Polymers Location: Alvin, Texas Product: Ethylene, propylene Capacity (tonnes/year): 940,000 (ethylene), 180,000 (propylene)...
Avient sees challenge from China, bullish on LatAm – execs
HOUSTON (ICIS)--Avient has a pessimistic outlook for the telecommunications end market, especially in Europe, where it faces competition from Chinese producers. However, the US polymer materials...
Brazil’s chemicals trade deficit keeps rising; producers entrust recovery to higher tariffs
SAO PAULO (ICIS)--Brazilian chemicals producers’ market share continued to be threatened in the January-September period, with the industry’s trade deficit rising to $36.2 billion, up 1% year on...
Plant status: Moeve (formerly Cepsa) restarts Huelva acetone/phenol unit, post turnaround
LONDON (ICIS)--Here is a plant status report: Name: Cepsa Quimica Location: Huelva, Spain Product: Phenol/acetone Capacity (tonnes/year): 260,000 phenol, 165,000 acetone Event start: Beginning of...
Increases thought likely for Q1/annual European burner acid supply contracts
LONDON (ICIS)--Talks have started for annual sulphur-burned sulphuric acid supply contracts for domestic northwest Europe in 2025 - with an increase widely expected. According to market sources late...
US October contract prices for acrylic acid and acrylates soften with seasonal demand downturn, lower feedstock costs
HOUSTON (ICIS)--US October acrylate contracts declined for the second consecutive month amid a slowdown in demand and continuing softening of key feedstocks, including propylene. Glacial acrylic acid...
German-Dutch power front-year spread could tighten
German-Dutch front year spread widened to about €3/MWh on 30 October Gas volatility and colder temperatures could tighten the front-year spread once again Middle east tension and solar power growth...
Europe oxo-alcohols spot prices stable to soft, plagued by weak demand
LONDON (ICIS)--Prices in the European oxo-alcohols spot market were stable to soft this week as economic concerns continue to weigh on buyer sentiment. “I don’t see any improvement in the...
EU isocyanate imports decline in July as arbitrage window stays shut
LONDON (ICIS)--EU isocyanate imports fell in July year on year, according to the latest figures from the ICIS Supply & Demand Database, as spreads with European prices were not conducive in the...
Increasing supply to weigh on China’s xylenes market in November
SINGAPORE (ICIS)--New mixed xylenes (MX) production capacity in Shandong is expected to enter bulk sales in November, potentially increasing supply pressure across China. On the demand side, the peak...
Europe propylene oxide contract price rises in November with propylene costs
LONDON (ICIS)--The European propylene oxide (PO) contract price for November has increased, following gains in the upstream propylene (C3) settlement. November PO prices were assessed at...
US October glycol ether spot prices decline moderately with lower feedstocks, declining end-user demand
HOUSTON (ICIS)--Spot prices of both E-series glycol ethers and P-series glycol ethers declined month on month, in October. Spot prices of butyl glycol (BG), butyl diglycol (BDG), propylene glycol...
Asia driving direction of LNG flows
European and Asian prices move inversely Pacific basin controlling direction of price premium and flows Price-sensitive buying remains sticky, with East Asian LNG premium expected to remain LONDON...
Europe benzene November contract rebounds after spot spike
LONDON (ICIS)--The European benzene November contract price has settled at €861/tonne, up by €56/tonne from October. The settlement was confirmed by three sellers and three buyers on Thursday....