Industry News
Chemical Industry News
Brazil’s manufacturing expands healthily again in September on stronger demand
SAO PAULO (ICIS)--Brazil’s manufacturing sectors posted a significant improvement in September on the back of an increase in production, stronger job creation, and accelerated sales growth,...
US construction spending rises 4.1% year on year in August, pace in manufacturing slows
HOUSTON (ICIS)--US construction spending rose 4.1% year on year in August but inched down 0.1% sequentially from July, according to the latest Census Bureau data on Tuesday: Annual rate, billion US$...
Europe soda ash weak fundamentals expected stable in Q4 but positive signals for the mid-term emerge in September
LONDON (ICIS)--Europe's soda ash market may finally see an end to the flat glass demand hemorrhage. Demand seems to have stabilized for most players in September, save for a few exceptions....
Chinese urea exports remain miniscule on government controls
LONDON (ICIS)--Urea exports from China totaled a mere 25,000 tonnes in August, down 92% from the 314,015 tonnes exported in August 2023, according to customs data, after the government continued to...
US acetone ADDs scheduled for sunset reviews in November
HOUSTON (ICIS)--US acetone antidumping duties (ADDs) for several countries are scheduled for sunset reviews in November 2024, according to the Federal Register. The reviews will be initiated and...
Canada manufacturing sector expands for first time in 17 months
TORONTO (ICIS)--Canadian manufacturing sector activity expanded in September, marking is first expansion since April 2023, according to the latest purchasing managers’ index (PMI) survey by...
INSIGHT: US polyurethane demand from furniture shows signs of recovery
ATLANTA (ICIS)--It is early, but the pieces for a recovery in polyurethane demand from furniture and bedding producers are starting to take shape following a prolonged slowdown. Demand will not...
SPOTLIGHT: Most popular stories – China petchems rally on stimulus but Asia Q4 sentiment bearish, Hurricane Helene, Europe PE/PP outlook
NEW YORK (ICIS)--Here are the Top 5 most-read news stories and key themes in the past week to 30 September, captivating our readers in today’s dynamic market. We saw a big boost to China...
European acetone MMA contract eases with propylene
LONDON (ICIS)--The European acetone methyl methacrylate (MMA) contract for October has decreased by €28/tonne from September, following the fall in the upstream propylene contract this month. The...
Europe October ethylene contract price falls by €32.50/tonne
LONDON (ICIS)--The European ethylene contract reference price for October has been set at €1,182.50/tonne, down by €32.50/tonne from September. Two producers and two consumers have separately...
US port strike could begin biting polyurethanes in couple of weeks
ATLANTA (ICIS)--The polyurethanes industry will likely experience little impact from the port strike on the eastern seaboard of the US if it can be resolved within the next couple of weeks, an...
US manufacturing contracts for sixth month in September
HOUSTON (ICIS)--US manufacturing sector activity contracted for a sixth consecutive month in September and for the 22nd in the last 23 months, according to the Institute for Supply Management’s...
Plans submitted for 3GW of green hydrogen in the UK
A 3GW hydrogen project plan in the UK has been submitted by Statera Energy This project will provide a source of flexible demand in Scotland, assisting with balance of electricity 500MW is set to be...
Turkey fertilizers interactive trade flow map for January-August 2024
LONDON (ICIS)--The Turkish Statistical Institute has released fertilizers trade data for January to August 2024. Please select a product from the drop-down menu...
Romgaz’s bond highlights investors appetite for gas projects
Romania’s largest gas producer issued a debut €500 million Eurobond The proceeds will go towards supporting the firm’s key energy projects like the Neptun Deep gas field First gas volumes from...
India AN imports fall 36% year on year in January-July
LONDON (ICIS)--India’s imports of ammonium nitrate (AN) fell 36% to 189,198 tonnes in the January-July period on the back of a decline in shipments from all its key markets, customs data shows....
MARGINS: Lower feedstock costs drive Europe naphtha-based PE margins up
LONDON (ICIS)--Softer feedstock costs drove naphtha-based polyethylene (PE) margins up week on week in Europe, ICIS Margin Analysis showed on Tuesday. Producers using liquefied petroleum gas (LPG)...
Chemical group issues warning as port strikes start in US and Canada
HOUSTON (ICIS)--As expected, dockworkers on the US East and Gulf coasts went on strike early on Tuesday after labor union International Longshoremen's Association (ILA) rejected the latest wage offer...
Colombia’s central bank cuts rates by 50 basis points to 10.25%
SAO PAULO (ICIS)--Colombia’s Banco de la Republica decided late on Monday to cut its benchmark interest rate by 50 basis points to 10.25% in a split decision among members of its monetary policy...
INSIGHT: ADNOC pushes deeper downstream with Covestro offer
LONDON (ICIS)--After more than a year of sporadic talks, ADNOC may finally be set to acquire Covestro in the latest move by the oil major to diversify its portfolio and push into global markets. The...