Industry News
Chemical Industry News
Plant status: Enterprise’s Mont Belvieu, Texas, PDH1 experiences process upset
HOUSTON (ICIS)--Here is a plant status report: Name: Enterprise Products Partners Location: Mont Belvieu, Texas Product: Propylene Capacity (tonnes/year): 750,000 Event start: 10 October Event...
Brazil September PP imports, exports fall month on month
SAO PAULO (ICIS)--Imports of polypropylene (PP) into Brazil fell by 14% in September on a month-on-month basis, totaling nearly 52,000 tonnes, according to the latest figures from the ICIS Supply and...
Argentina PP August PP imports shrink 44% year on year
SAO PAULO (ICIS)--Imports of polypropylene (PP) into Argentina fell 44% in August year on year, totaling nearly 6,300 tonnes, while decreasing 23% month on month, according to the latest data from...
CRUDE SUMMARY: Oil prices hit lowest in two weeks as OPEC, IEA point towards bearish market
IEA downgraded its global demand forecasts with China being key driver Market in oversupply next year with historic levels of spare capacity War premium eases as Israel pledges to not interfere with...
INSIGHT: Global durables demand for plastics to close gap versus non-durables
CHARLOTTE, North Carolina (ICIS)--By 2050, the United Nations expects the global population to reach 9.64 billion, up from 8.13 billion in 2024. This is an increase of 19%, adding 1.51 billion...
Brazil September PE imports increase 8% month on month
SAO PAULO (ICIS)--Imports of polyethylene (PE) into Brazil increased by 8% in September on a month-on-month basis, totaling more than 160,000 tonnes according to the latest figures from the ICIS...
Canada consumer price inflation falls to 1.6% year-on-year pace
TORONTO (ICIS)--Inflation in Canada, as measured by the consumer price index (CPI), fell to a 1.6% year-on-year pace in September - down from 2.0% in August and marking the smallest yearly increase...
Argentina August PE imports higher 11% month on month
SAO PAULO (ICIS)--Argentina polyethylene (PE) imports increased by 11% month on month in August, reaching more than 24,500 tonnes, according to the latest ICIS Supply & Demand database figures....
Argentina’s Rio Tercero shuts TDI plant on global oversupply
SAO PAULO (ICIS)--Petroquimica Rio Tercero has shut its toluene di-isocyanate (TDI) plant in Cordoba on the back of global oversupply, a spokesperson for the Argentinian producer confirmed to ICIS on...
Benzene, styrene, xylenes are candidates for US chem safety review
HOUSTON (ICIS)--Benzene, styrene and xylenes are among the chemicals that US regulators could select to undergo a review process under the nation's chemical-safety law. All three xylene isomers are...
New York state manufacturing activity contracts in October
HOUSTON (ICIS)--After expanding in September, manufacturing activity in New York state contracted in October, according to the Federal Reserve Bank of New York’s monthly “Empire State...
Germany wholesale prices fall for 17th month, chemicals down 4.3%
LONDON (ICIS)--Germany’s wholesale prices fell 1.6% year on year in September, for a 17th consecutive month of year-on-year price declines, according to statistical data released on Tuesday. The...
MOVES: OCI Global CEO to step down in leadership reshuffle
LONDON (ICIS)--OCI Global’s CEO Ahmed El-Hoshy is stepping down after four years in the role as part of a wider leadership reshuffle, the Dutch chemicals and fertilizers major said on Tuesday....
New import tariff for PET comes into effect in Brazil
HOUSTON (ICIS)--On 14 October 2024, the Diario Official da Uniao published resolution GECEX No 648, which establishes new regulations for the import of polyethylene terephthalate (PET) into Brazil....
Europe’s LNG discounts remain narrow and stable
Europe’s LNG discounts stable and narrow Market not signalling need for additional spot cargoes More activity heard in Poland, Italy, Brazil, Egypt LONDON (ICIS)--LNG spot discounts for cargoes...
Europe BDO October contracts decrease on ongoing low demand, economic attractiveness of Asia material
LONDON (ICIS)--European butanediol (BDO) contracts for October settled at a decrease of €75/tonne from September, as demand remains lackluster, and import offers from Asia being cost effective....
BASF receives government funding for climate project at Ludwigshafen
LONDON (ICIS)--BASF has received German government funding approval for the construction of a large industrial heat pump for carbon dioxide (CO2)-free steam generation at its Ludwigshafen...
Brazil’s higher chemicals import tariffs kick off
SAO PAULO (ICIS)--Brazil’s higher import tariffs on dozens of chemicals kicked off on Tuesday after the government published them on the Official Gazette late on Monday. Among some of the products...
Geopolitics to weigh on Egypt power and gas export plans
Plans for 3GW Greece-Egypt cable, LNG exports to CEE move ahead New cable, more LNG could boost European security of supply, energy transition long term; Greece and Egypt will provide their support...
Asia base oils demand outlook: Week of 14 Oct
SINGAPORE (ICIS)--Asia base oils demand outlook: Week of 14 Oct Asia’s base oils demand could get support from signs of more limited surplus supply and higher feedstock costs More limited surplus...