Industry News
Chemical Industry News
States’ PFAS proposals may restrict key component for polyurethane foams
ATLANTA (ICIS)--US states are considering broad restrictions on per- and poly fluorinated alkyl substances (PFAS) that could limit the use of a key component used in polyurethane foams. The...
US Tampa port reopens after Helene’s hit; US-wide losses could top $160 billion
SAO PAULO (ICIS)--The port at Tampa in the US state of Florida reopened over the weekend, the port’s authorities said on Sunday, after Hurricane Helene's destructive path put the US state of...
CRUDE SUMMARY: Front-month crude price down as Brent falls for third month in a row
November Brent contract expired Monday Chinese PMI data shows manufacturing still in contraction Returning Libyan barrels to weigh on sentiment LONDON (ICIS)--The November Brent price eased down on...
US October benzene contract declines sharply following drop in spot pricing
HOUSTON (ICIS)--The US October benzene contract has settled at $3.13/gal ($941/tonne) FOB (free on board) US Gulf, a sharp decrease of 48 cents/gal from September. This marks the fifth consecutive...
Americas/EMEA base oils demand outlook: Week of 30 Sept
SINGAPORE (ICIS)--Americas/EMEA base oils demand outlook: Week of 30 Sept US base oils demand could see earlier-than-usual seasonal slowdown as buyers and distributors prioritize consumption of...
Americas/EMEA base oils supply outlook: Week of 30 Sept
SINGAPORE (ICIS)--Americas/EMEA base oils supply outlook: Week of 30 Sept US base oils supply surplus could build fast if domestic demand ebbs earlier than usual and market avoids major...
LANXESS implements countermeasures, contingency plans ahead of looming US port strike
NEW YORK (ICIS)--Specialty chemicals producer LANXESS is implementing measures to mitigate the impacts of a looming major US port strike. “LANXESS is hopeful that a labor dispute is avoided along...
European E&P series glycol ethers markets see subdued end to the quarter
LONDON (ICIS)--Sentiment remains largely subdued in European E&P series glycol ethers markets with participants hoping to get some clarity surrounding 2025 during EPCA in the second week of...
Global base oils arb outlook: Week of 30 Sept
SINGAPORE (ICIS)--Global base oils arb outlook: Week of 30 Sept Europe’s exports of Group I base oils to southeast Asia rise strongly so far this year, despite closed arbitrage during most of that...
Buy-sell gap, local oversupply to weigh on India acetone in October
SINGAPORE (ICIS)--A pile-up in Indian domestic inventories combined with a buy-sell gap is likely to weigh on import discussions for Asian acetone in India in October. Activity in the Indian acetone...
MARGINS: Europe naphtha-based cracker margins up, LPG-based margins fall
LONDON (ICIS)--Naphtha-based cracker margins in Europe rose week on week while producers using liquefied petroleum gas (LPG) posted a decline, ICIS Margin Analysis showed on Monday. In the week to 27...
Europe propane naphtha spread trading at its highest level since February 2023
LONDON (ICIS)--Liquefied petroleum gas (LPG) spreads to naphtha have narrowed further with the propane-naphtha spread now trading at its highest level in over 18 months. The front-month propane...
Global base oils margins outlook: Week of 30 Sept
SINGAPORE (ICIS)--Global base oils margins outlook: Week of 30 Sept Global base oils values mostly stay high relative to feedstock/competing fuel prices even with recent drop in price differentials....
Group I trades in UAE to remain limited amid global shortage
SINGAPORE (ICIS)--Spot Group I base oil trades into the United Arab Emirates (UAE) continue to remain limited going into October, in the absence of fresh export offers for both high viscosity index...
Morocco DAP, MAP exports rise in January-July 2024 year on year
LONDON (ICIS)--Moroccan exports of diammonium phosphate (DAP) increased by 20% in January-July 2024 year on year, according to customs data. Morocco exported a total of 1,893,013 tonnes of DAP in...
IPS Adhesives acquires L&L’s acrylate/MMA technology
HOUSTON (ICIS)--IPS Adhesives (IPSA) has acquired L&L Products' range of acrylate and methyl methacrylate (MMA) technology-based adhesives, according to a press release. “This acquisition...
Subdued festive season demand growth dampens India PE, PP market sentiments
MUMBAI (ICIS)--The Indian market for polyethylene (PE) and polypropylene (PP) is currently experiencing sluggish demand growth with an extended monsoon resulting in flooding in parts of the country...
Mitsubishi Chemical divests Kansai Coke and Chemicals stake to Kobe Steel
NEW YORK (ICIS)--Japan-based Mitsubishi Chemical Group (MCG) will transfer shares of its subsidiary Kansai Coke and Chemicals to Kobe Steel (Kobelco) for an undisclosed amount. “This transfer of...
Two consortia in mix to build Africa’s Rovuma LNG
ExxonMobil awards Rovuma LNG FEED contracts Work going ahead despite security threats Unknown FEED work timeline LONDON (ICIS)--A consortium made up of McDermott, Saipem and China’s CPECC will...
Europe benzene October contract at nine-month low on crude drop, weak consumption
LONDON (ICIS)--The European benzene October contract price has settled at €805/tonne, down by €119/tonne from September. The settlement was confirmed by two sellers and three buyers on Monday....