Industry News

Chemical Industry News

Europe wary of metallocene LLDPE squeeze if US ports strike

news2024-09-27T17:07:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--European buyers of metallocene linear low density polyethylene (mLLDPE) are wary of a possible squeeze on supply, if strikes take place at US East Coast and Gulf Coast ports next week....

EPCA ’24 PODCAST: Solvents market overview and outlook ahead of EPCA

news2024-09-27T16:49:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--Ahead of the approaching European Petrochemical Conference (EPCA) in Berlin 7-10 October, ICIS editors discuss market conditions in a variety of solvent markets. Ahead of the...

Europe acetone spot demand disappoints, pressuring prices

news2024-09-27T16:31:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--The European acetone spot market is failing to live up to expectations, with prices easing ahead of turnarounds which were expected to support the market. 60% of phenol and acetone...

US ethylene spot prices collapse on ample supply after unit restarts

news2024-09-27T16:20:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

HOUSTON (ICIS)--US ethylene prices are falling sharply after having risen steadily in Q2 due to better-than-expected derivative demand and numerous cracker outages. Louisiana’s price premium to...

ACER approves changes to bring in 15-minute products

news2024-09-27T16:16:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

ACER approves amendments that allow for changes to single day-ahead coupling This will allow for 15-minute trading products from 2025 This aims to increase flexibility and remove market...

Europe September PTA price plunges in line with upstream PX

news2024-09-27T16:01:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--European purified terephthalic acid (PTA) September monthly contract prices fell by €50/tonne, amid weak demand and declining production costs. ICIS calculations take the September...

US oxo-alcohol contract prices decline as supply remains healthy, upstream costs decline

news2024-09-27T16:00:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

HOUSTON (ICIS)--US oxo-alcohol contracts for n-butanol (NBA), isobutanol (IBA), and 2-ethylhexanol (2-EH) dropped from August to September. September NBA and IBA contracts dropped 2 cents/lb...

Europe MPG spot prices stable to soft as sellers wait for winter-related demand

news2024-09-27T16:00:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--The range of prices in the European monopropylene glycol (MPG) spot market widened downwards this week as economic pressures continue to weigh on demand and winter-related activity is...

Europe methanol spot prices sink by double digits

news2024-09-27T16:00:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--European methanol spot prices dropped by double digits this week while contract negotiations took priority. The European contract price (ECP) for Q4 settled at €540/tonne FOB (free...

Supply to keep pressure on French power prices in October

news2024-09-27T15:48:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

Abdundant nuclear supply, low demand likely to pressure French spot prices in front-month Traders see little risk from EDF strikes and recent outages Bullishness on prices expected should prolonged...

China DAP exports to India plummet in Jan-Aug 2024 year over year

news2024-09-27T15:43:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--China exports of diammonium phosphate dropped by 19% in the period January-August 2024, according to customs data. China exported a total of 2,630,779 tonnes of DAP during this period...

Plant status: Long EVA force majeure lifted at TotalEnergies France plant

news2024-09-27T15:38:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--Here is a plant status report: Name: TotalEnergies Location: Gonfreville, France Product: Ethylene vinyl acetate (EVA) Capacity (tonnes/year): 40,000 Event start: 21 June 2022 Event...

Plant status: Covestro in planned maintenance on MDI in Brunsbuettel, Germany – market sources

news2024-09-27T15:35:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

LONDON (ICIS)--Here is a plant status report: Name: Covestro Location: Brunsbuettel, Germany Product: Methylene diphenyl diisocyanate (MDI) Capacity (tonnes/year): 420,000 Event start: September 2024...

WEEKLY OUTLOOK: High wind, full stocks likely to cap TTF prompt gains in Week 40

news2024-09-27T15:32:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

Expectations of high renewable generation in northest Europe, full storage sites and more capacity coming back online after maintenance on key supply routes are likely to cap the gains on European...

More than 4 million in southeast US lose power after Hurricane Helene

news2024-09-27T15:23:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

HOUSTON (ICIS)--More than 4 million outages were reported in the southeastern US on Friday after Hurricane Helene made landfall as a powerful Category 4 storm in northwestern Florida. The...

Plant status: Americas Styrenics US HIPS plant began start-up

news2024-09-27T15:19:00+00:00September 27th, 2024|Independent Commodity Intelligence Services (ICIS)|

HOUSTON (ICIS)--Here is a plant status report: Name: Americas Styrenics (AmSty) Location: Joliet, Illinois, US Product: High Impact Polystyrene (HIPS) Capacity (tonnes/year): 120,000 Event start: 15...