Industry News
Chemical Industry News
Brazil’s GDP to grow 3% in 2024, Mexico’s to slow down to 1.5% – IMF
LIMA (ICIS)--Brazil’s GDP is expected to grow by 3% in 2024, up sharply from prior forecasts of 2.1% growth published in July, the IMF said this week. Mexico’s growth, however, is expected to...
Brazil anhydrous and hydrous ethanol fluctuating
HOUSTON (ICIS)-- Anhydrous ethanol prices experienced fluctuations on the lower and higher ends of the range this week, reflecting some volatility in the market. Meanwhile, hydrous ethanol prices saw...
Flat PET prices in Latin America
HOUSTON (ICIS)--The polyethylene terephthalate (PET) market in Brazil remains stable, supported by healthy demand and a consistent supply. This balance indicates that the industry is maintaining a...
SPOTLIGHT: Most popular stories – overcapacity, recycling bankruptcy, France closures, plastics demand trends, nylon shutdown
NEW YORK (ICIS)--Here are the Top 5 most-read news stories and key themes in the past week to 21 October, captivating our readers in today’s dynamic market. A key theme is massive overcapacity in...
Brazil projects record grain harvest for 2024-2025 season
LIMA (ICIS)--Brazil’s 2024-2025 fertilizers-intensive agricultural season is set to reach a record high, with total grain production expected to reach 322.47 million tonnes, up 8.3% compared with...
CRUDE SUMMARY: Oil corrects higher this week after falling to one-month low
Market mulls over China’s lending rate cut, economic stimulus Antony Blinken arrives in Israel pushing for ceasefire WTI Nymex November contract expires Tuesday, rolls on Wednesday LONDON...
US November BD nomination lower as feedstock availability improves
HOUSTON (ICIS)--A US November butadiene (BD) contract nomination emerged lower as supply continues to lengthen on improving crude C4 (CC4) deliveries. A producer separately nominated 52 cents/lb...
US Sherwin-Williams expects choppy H1, sees signs of consumer weakness
HOUSTON (ICIS)--Sherwin-Williams expects demand during the first half of 2025 will remain choppy while the company waits for what it expects will be an inevitable inflexion point for demand for its...
Europe epoxy settles with general rollover in October, despite lower feed costs
LONDON (ICIS)--Europe epoxy resins prices have rolled over in October for domestic product, despite mainly lower feedstock costs, amid ongoing profitability issues in the epoxy industry and no...
Europe nylon 6,6 October contract prices soften on feedstock, weak demand
LONDON (ICIS)--European October nylon 6,6 contract prices have softened compared with September, amid a drop in upstream benzene price, very weak demand and ample supply. October nylon 6,6 ICIS FD...
US Sherwin-William warns about upstream hikes in propylene, epoxy resins
HOUSTON (ICIS)--Sherwin-Williams warned about large increases in upstream costs for propylene and more moderate increases in epoxy resins, the US-based paints and coatings producer said on Tuesday....
Europe October nylon 6 contract prices fall on lower benzene
LONDON (ICIS)--European nylon 6 contract prices for October have fallen considerably from September levels, impacted by a sharp drop in the Europe contract price of upstream benzene, ongoing weak...
FAKUMA ’24 PODCAST: Mixture of pessimism, cautious optimism for 2025
LONDON (ICIS)--Markets Editor Stephanie Wix is joined by Senior Editor Manager Vicky Ellis, markets reporter Meeta Ramnani, and Senior Analyst Jincy Varghese, as they discuss the key trends from the...
Canada producer prices fall in September, chemical prices rise
TORONTO (ICIS)--Producer prices in Canada, as measured by the industrial product price index (IPPI), fell both month on month and year on year in September, but chemical producer prices rose,...
HYDRO MONTHLY: Strong French hydro to persist, despite limited rainfall in November
LONDON (ICIS)-- Despite a mixed forecast for precipitation levels for the remainder of October and into November, French hydropower margins are likely to remain supported through the front-month....
Europe etac sellers concerned over lackluster demand amid competitive Indian imports
LONDON (ICIS)--European suppliers of ethyl acetate are worried about the presence of competitively priced material from India at a time when the market is already grappling with subdued consumption,...
Europe E-series glycol ethers prices under pressure as slow demand bites
LONDON (ICIS)--Butyl glycol ethers prices in Europe dropped in October with sellers unable to maintain offers at higher levels amid struggling demand levels and good to even better availability. All...
Iran ammonia exports rise 29% year on year in January-September
LONDON (ICIS)--Exports of ammonia from Iran increased by 29% in January-September 2024 year on year, according to customs data. Most of the product was shipped to India, followed by Turkey. Recently...
BP inches closer to Greater Tortue LNG commissioning
Cool-down cargo transferred to Gimi FLNG vessel Project has suffered series of delays, disputes LNG production expected later this year LONDON (ICIS)--UK major BP is getting closer to the...
Data show US base oil demand down, but not gasoline demand or miles driven
HOUSTON (ICIS)--Base oil demand has been declining despite relatively stable consumption of gasoline and no notable drop-off in miles traveled in the US. Both base oil and gasoline supplied plummeted...