Industry News
Chemical Industry News
Business CEOs call for agreement on 4 points at INC-5 for UN Global Plastics Treaty
NEW YORK (ICIS)--Global CEOs representing the Business Coalition for a Global Plastics Treaty are pressing on governments to reach agreement at INC-5 on four key points. “INC-5 in November [in...
CRUDE SUMMARY: Crude prices plummet after Israeli airstrikes avoid Iranian energy infrastructure
Israel airstrikes target Iranian military facilities, oil production unaffected Market awaits data this week to gauge US economic performance US dollar index on track for its largest monthly rise...
SHIPPING: Union, US East Coast ports to resume negotiations in November
HOUSTON (ICIS)--Union dock workers and US East Coast port operators will resume negotiations on a new master agreement in November, according to a joint statement from both parties. The International...
Agrimin potash project awaits investment decision, advances on Australia environmental approval
HOUSTON (ICIS)--Agrimin Limited said their Mackay potash project in Western Australia is continuing to advance towards a final investment decision and that the development is now in the stage three...
Poland’s Azoty cuts Q3 net loss to estimated Zl 226m
LONDON (ICIS)--Poland’s financially embattled Grupa Azoty cut its estimated net loss to zloty (Zl) 226 million ($56.2 million) in the third quarter from a loss of Zl 743 million in the same quarter...
Europe PMMA set for sluggish Q4
LONDON (ICIS)--The polymethyl methacrylate (PMMA) market in Europe has seen the demand picture slow, with attention turning towards the year-end and preparations for 2025. Sluggish Q4 demand as...
German chlor-alkali spot margins fall in week ending 25 October as energy costs rise
LONDON (ICIS)--German spot chlor-alkali spot margins fell in the week ending 25 October, on the back of higher energy costs. The electrochemical unit (ECU) value rose slightly more than 1%...
Europe styrene spot trades in wider range as activity slows
LONDON (ICIS)--Styrene spot prices in Europe were in a wider range in the week ended 25 October, after October and November trades were reported in the first half of the week. Spot activity slowed in...
Plant status: Covestro restarts after TDI maintenance at Dormagen – sources
LONDON (ICIS)--Here is a plant status report: Name: Covestro Location: Dormagen, Germany Product: Toluene diisocyanate (TDI) Capacity (tonnes/year): 300,000 Event start: September 2024 Event finish:...
FBMC WEEKLY: France to export power through week 44
LONDON (ICIS) – France is forecast as the cheapest market across the flow-based market coupling (FBMC) region through week 44, indicating that the country is likely to maintain a net power-export...
Bearish Italian power prices expected amid warmer winter forecasts
Italian power prices are likely to track bearish momentum through the remainder of winter Mild temperatures and strong rainfall expected by MetDesk Hydropower supply already at higher levels LONDON...
Europe caustic soda prices rise for Q4 on tight Q3 availability
LONDON (ICIS)--Caustic soda contract prices in Europe have risen for Q4 2024, driven by recent production issues. NWE (northwest Europe) quarterly contract prices rose €40/50/dmt (dry metric...
Brazil´s Braskem Q3 resin sales down 2% due to higher PE and PVC stocks
SAO PAULO (ICIS)--Resin sales in Braskem's domestic market dropped by 2% in Q3 year on year, mainly due to the higher levels of polyethylene (PE) and polyvinyl chloride (PVC) stocks in the...
Plant status: Covestro restarts after planned maintenance on MDI in Brunsbuettel, Germany – market sources
LONDON (ICIS)--Here is a plant status report: Name: Covestro Location: Brunsbuettel, Germany Product: Methylene diphenyl diisocyanate (MDI) Capacity (tonnes/year): 420,000 Event start: September 2024...
Foreign investors urge Romanian president to reject latest oil, gas tax
LONDON (ICIS)--Foreign investors active in Romania have urged the country’s president to reject latest proposed tax increases in the oil and gas sector that could deter investments and put a major...
European PVC contract prices roll over for October as producers target margin increases
LONDON (ICIS)--European polyvinyl chloride (PVC) contract prices rolled over in October, representing an increase compared to feedstock ethylene trends. NWE contract prices are €860-985/tonne FD...
Americas/EMEA base oils supply outlook: Week of 28 Oct
SINGAPORE (ICIS)--US Group II base oils price premium extends fall versus heating oil/feedstock prices. US base oils premium typically extends fall during final months of the year and at start of new...
Europe toluene demand remains constrained
LONDON (ICIS)--Demand for toluene is down from various uses and no recovery is expected, at least in the near term. US gasoline stocks reduce HCOB Eurozone Construction PMI increased in September EU...
Europe butac spot prices decline on weak market fundamentals
LONDON (ICIS)--Butyl acetate (butac) spot prices in Europe declined on the back of persistent low demand amid ample supply. Butac prices fell to €1,280-1,380/tonne FD (free delivered) NWE...
Americas/EMEA base oils demand outlook: Week of 28 Oct
SINGAPORE (ICIS)--Here is the Americas and EMEA base oils demand outlook for the week of 28 October. US base oils demand set to fall as blenders focus on clearing finished lube stocks rather than...