Industry News
Chemical Industry News
French power demand may rise amid cold weather in November
French power demand is unlikely to exceed the 2019-2023 average through November Low electricity consumption driven by energy sobriety, and recent mild weather has pressured November ‘24 prices,...
Europe melamine spot prices firm as supply constraints continue
LONDON (ICIS)--European melamine spot prices are firmer this week amid local supply constraints and uncertainty over imports. Spot prices were assessed at a €20/tonne increase on the low end of the...
German gas exports respond to Czech demand, Austrian flows stay low
Heat waves in the CEE region supported German gas exports to the Czech Republic However, flows to Austria have never really recovered after German fee increase High winter demand could change flows...
Europe EO October contracts fall on upstream losses
LONDON (ICIS)--European ethylene oxide (EO) October contracts have been assessed at double-digit decreases following the upstream ethylene losses which emerged this week. The European ethylene...
US gas futures slide lower on weather
• Sabine feedgas declines • US ports strike may not impact LNG operations • Storage injection recorded HOUSTON (ICIS)--US natural gas futures have slightly dropped during the week on...
Hungary issues use-it-or-lose-it capacity requirement for gas year 2024/25
Hungary’s gas grid operator FGSZ announced use-it-or-lose-it capacity requirement to firm Day-ahead transit bookings It will apply to entry points’ for Austria to Hungray and Romania to Hungary...
Innova expands presence in Brazil’s south with acquisition of BOPP maker Polo Films
SAO PAULO (ICIS)--Brazilian chemicals producer Innova is to acquire biaxially oriented polypropylene (BOPP) film producer Polo Films, with production facilities in the southernmost state of Rio...
Canada dockworkers end strike, but labor dispute remains unresolved
TORONTO (ICIS)--Canadian dockworkers at the Port of Montreal have ended a three-day strike at two container terminals, accounting for about 40% of the port’s container traffic, and resumed work as...
EU Commission starts infringement against Romania for electricity, gas export blocks
Romania under investigation for price caps which obstruct wholesale price formation and exports Government said measures needed to support energy transition fund Traders also call for investigation...
Germany’s Mukran LNG terminal offers capacity for balance of 2024
Deutsche ReGas offers regasification capacity for the first time at its Mukran LNG terminal since it became fully operational This denotes terminal’s interest to compete for cargoes during the last...
Alloys made direct from metal oxides offer more sustainable route to advanced materials
New approach to metallurgy is less energy intensive with a smaller carbon footprint
UK launches £37m programme to uncover cultural heritage through chemistry
Funding will aid analysis of archaeological materials and preservation of artwork
US approves schizophrenia drug with new mode of action
Cobenfy promises to better address negative symptoms than existing antipsychotics
Explainer: what is ricin?
A doctor in the UK is on trial for attempted murder with this extremely deadly poison
N America weekly chemical rail traffic flat year on year
HOUSTON (ICIS)--North American chemical rail traffic remained flat year on year at 45,845 loadings for the week ended 28 September as a 2.0% increase in Canada offset declines in the US and Mexico,...
SHIPPING: Union, US ports remain at impasse as strike enters second day
HOUSTON (ICIS)--Negotiations have yet to resume between union dock workers and the US Gulf and East Coast ports as a costly strike enters its second day. The International Longshoremen's Association...
US gasoline supplies rise as demand slides
HOUSTON (ICIS)--US gasoline supplies rose for the week 27 September as demand fell. Gasoline stocks increased week on week, according to the US Energy Information Administration (EIA). Refinery...
American Potash receives federal approval for Utah potash and lithium project plans
HOUSTON (ICIS)--Fertilizer developer American Potash announced the US Bureau of Land Management (BLM) has approved their plan of operations at the Green River project in Utah, including issuing 11...
RPM sees opportunity as US reshoring spending shifts to data centers – execs
HOUSTON (ICIS)--RPM International expects US spending on reshoring projects to moderate, for example in areas such as battery plants, its top executives told analysts during the company’s fiscal Q1...
CRUDE SUMMARY: Oil higher on growing war premium but build in US crude limited gains
Rising tensions in the Middle East added price volatility Release of this week’s US crude data statistics corrected the market OPEC’s informal meeting aimed at checking compliance quotas LONDON...