Industry News
Chemical Industry News
NYMEX: US natural gas futures fall further on limited weather demand
- US natural gas futures dropped again on 4 October, losing nearly 4% from the prior settlement as warm October temperatures limited weather-driven demand - The November ’24 front-month contract...
US ethylene contract price rises while spot values plummet
HOUSTON (ICIS)--US September ethylene contract prices settled higher due to the rise of spot prices on the month. Spot values in both Texas and Louisiana spiked higher in the first half of September,...
Verde AgriTech successfully renegotiates loans with their creditors in Brazil
HOUSTON (ICIS)--Fertilizer producer Verde AgriTech has announced a successful renegotiation with the banks holding 73% of its outstanding loans. Further it expects the remaining five creditor-banks...
Mexico PP domestic prices fall tracking propylene
SAO PAULO (ICIS)--Domestic polypropylene (PP) prices dropped in Mexico tracking lower propylene costs. In other Latin American countries prices were assessed unchanged. International PP prices were...
Mexico domestic PE prices fall on ample supply, soft demand
SAO PAULO (ICIS)--Domestic polyethylene (PE) prices fell in Mexico on ample supply and soft demand while being unchanged in other Latin American countries. International PE prices were assessed as...
US styrene prices see decline on continued weak demand
HOUSTON (ICIS)--September US styrene contract prices were finalized at a decline from the prior month on lower spot prices and cash costs. Spot prices continue to be under downward pressure on...
Woodside Energy confirms there was a fatality at Beaumont Clean Ammonia project
HOUSTON (ICIS)--Woodside Energy has confirmed that it experienced an incident on 3 October at the Beaumont Clean Ammonia site in Texas, which resulted in the death of an employee of one of fertilizer...
MOVES: US Intrepid Potash announces Jornayvaz steps down as CEO
HOUSTON (ICIS)--US fertilizer producer Intrepid Potash announced that Bob Jornayvaz has stepped down as Chief Executive Officer and as a director of the board following his extended medical leave of...
Australia Centrex Limited partner Cleveland Bay Chemical award grant to construct new facility
HOUSTON (ICIS)--Australian producer Centrex Limited announced their memorandum of understanding (MOU) partner Cleveland Bay Chemical Company has been awarded grant funding from the Queensland...
SHIPPING: With strike over, some US ports extending gate hours; container rates fall further
HOUSTON (ICIS)--With the suspension of the strike at US Gulf and East Coast ports until 15 January, carriers are urging customers to use extended gate times being offered by some ports to collect or...
CRUDE SUMMARY: Oil benchmarks track higher with large weekly gain amid supply disruption fears
Surging freight rates to encourage barrels to trade locally Better-than-expected US nonfarm payrolls supports US dollar index US oil rig count falls by five to 479 - Baker Hughes LONDON (ICIS)--Oil...
Brazil’s Innova BOPP capacity to nearly double with Polo Films acquisition
SAO PAULO (ICIS)--Chemicals producer Innova is to increase its production capacities for biaxially oriented polypropylene (BOPP) film by 86% to 130,000 tonnes/year if its planned acquisition of Polo...
Europe PET market pauses as mood turns firm amid global volatility
LONDON (ICIS)--Some polyethylene terephthalate (PET) sellers in Europe are withdrawing from the negotiating table as global volatility creates uncertainty. Earlier in the week the mood was still...
PET bottle grade futures open on China’s Zhengzhou commodity exchange
ARTIMINO (ICIS)--The world's first polyethylene terephthalate (PET) bottle grade futures have been listed on the Zhengzhou commodity exchange in China, Francesco Zhanchi, said. Speaking at the GSI...
Europe BPA spot stable to soft in a slow but balanced market, costs lower
LONDON (ICIS)--Europe bisphenol A (BPA) spot prices are stable to soft this week, in view of a slow but finely balanced market and lower costs. The domestic spot market is slightly more active this...
ICIS VIEW: Middle East conflict’s risk to LNG supply still limited
Israel has said it will respond to a missile attack from Iran earlier this week Though not clear what form that response will take, oil markets are spiking due to higher risk Closure of the
Chile’s manufacturing starts Q4 in good form, central bank forecasts healthier growth
SAO PAULO (ICIS)--Chile’s economy has had several ups and downs in the past 12 months, including flirting with a recession, but the petrochemicals-intensive manufacturing sectors and macroeconomics...
Europe October OX contract price remains elusive amid fluctuating feedstock cost trends
LONDON (ICIS)--Negotiations to settle the European orthoxylene (OX) contract price for October haven't finalised this week, as some participants had expected, and are due to continue next week during...
Plant status: Indorama’s Port Neches, Texas EO/EG site disrupted by small fire – sources
HOUSTON (ICIS)--Here is a plant status report: Name: Indorama Ventures Location: Port Neches, Texas, US Products: Ethylene oxide (EO), ethylene glycols (EG) Capacity (tonnes/year): 590,000 (EO),...
Canada September light vehicle sales off 3.6% year on year
TORONTO (ICIS)--Sales of autos and light trucks in Canada fell 3.6% year on year to 157,000 units in September, according to estimates by DesRosiers Automotive Consultants (DAC). September 2024 had...