Industry News
Chemical Industry News
Europe October toluene contract price assessed at decrease
LONDON (ICIS)--The Europe toluene October contract price was assessed at a decrease of $10/tonne, or around 1%, from September. The October toluene contract was assessed at $868/tonne FOB (free on...
Europe October BPA formula contracts drop sharply on cost relief
LONDON (ICIS)--Europe bisphenol A (BPA) formula contract prices have fallen in October to the lowest level since January 2024 and contract prices have moved fully below spot this week. This is...
Supply disruption drives Europe methanol spot prices to Sept 2022 high
LONDON (ICIS)--European methanol spot prices rebound, hitting September 2022 highs following news of unplanned plant outages. Spot physical trading seen in the week on an FOB Rotterdam (Rdam)...
US September auto sales rise from August, but year to date volumes up less than 1% year on year
HOUSTON (ICIS)--US September sales of new light vehicles rebounded from the decline seen in August, but volumes are up by less than 1% over the first nine months of the year compared with the same...
Europe phenol October contract price driven down by benzene fall
LONDON (ICIS)--The European October phenol contract has fallen by €119/tonne, following the fall in the benzene contract this month. The phenol contract now stands at €1,827-1,857/tonne free...
European spot acetone softer despite reduced supply from turnarounds
LONDON (ICIS)--European acetone spot prices are softer at the top end of the range for free delivered (FD) material, despite turnarounds being underway, which is an indication of how slow spot demand...
INSIGHT: Optimism over Mexico’s Sheinbaum tempered by fears of executive over-reach
SAO PAULO (ICIS)--Claudia Sheinbaum’s historic swearing-in this week as the first female Mexican president and the optimism it infused could quickly turn sour if her party Morena continues...
WEEKLY OUTLOOK: Middle East risk drives volatility; demand climbs
LONDON (ICIS)-- Ongoing risk pricing from conflict in the Middle East will continue to support European gas prices and boost volatility in week 41. Threats of conflict seem likely to continue into...
Plant status: Dow Argentina restarts cracker, LLDPE plant after power supply issues – sources
SAO PAULO (ICIS)--Here is a plant status report. Name: Dow Chemical Location: Bahia Blanca, Argentina Product: Ethylene, propylene, linear low-density polyethylene (LLDPE), Capacity (tonnes/year):...
TotalEnergies’s LNG cargoes to boost Bulgarian winter supply
Bulgargaz awards November and December Alexandroupolis LNG tender This will ensure winter gas supply The Bulgarian supplier to announce winning LNG tender for January-February 2025 in November WARSAW...
Suncor brings down Montreal refinery for maintenance
TORONTO (ICIS)--Canadian oil major Suncor will bring down its Montreal refinery on 7 October for two-week maintenance work, it said in an advisory to neighbors. The refinery has a capacity of 137,000...
MOVES: BASF exec nominated as president of Belgian chemicals trade group essenscia
LONDON (ICIS)--Belgian chemical industry trade group essenscia has nominated Jan Remeysen, CEO of BASF Antwerp, as its new president. The group speaks for more than 700 companies in Belgium’s...
Fire at US pool chemical plant releases huge chlorine plume
Thousands of residents evacuated and kept indoors as as smoke and gas cloud persists for days
US economy adds 254,000 jobs in September, far more than expected
HOUSTON (ICIS)--US nonfarm payroll employment increased by 254,000 in September, and the unemployment rate fell from 4.2% to 4.1%, the US Bureau of Labor Statistics (BLS) reported on Friday....
Cryptic chemistry crossword #057
Get comfy and try this cryptic chemistry crossword on for size!
Asian LNG set to retain premium over Europe this winter
European gas prices have significantly narrowed their premium to spot Asian LNG prices this week Traders told ICIS they expect Asia to retain its premium this winter Cold weather periods could...
Quick chemistry crossword #057
You deserve a break. Try out this quick chemistry crossword for a fast challenge!
Chemistry wordoku #064
Seek the solution and find the metabolite
The year no one won the Nobel prize in chemistry
What happened in 1924?
LANXESS signs contract to sell Urethane Systems business to UBE Corporation
LANXESS signed a contract to sell its Urethane Systems business to Japanese UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With this transaction LANXESS exits the last