As the 12 June deadline for entries to the ICIS Innovation Awards approaches, a judge and a 2024 winner describe why this topic is so important for the future of the chemical industry and society.

-          Innovation breaks down silos, encourages collaboration

-          Enables industrial value chains to decarbonise

-          Chemical industry provides essential raw materials 

-          Awards are a chance to get external recognition for your innovations

-          Deadline is 12 June, entry is free and quick - click here for full details

Participants at the Asia Petrochemical Industry Conference (APIC) expect chronic oversupply conditions hurting the chemical sector will start to rebalance by 2028-2030. 

-          China overcapacity, trade war is causing an unprecedented crisis

-          Polyethylene (PE), polypropylene (PP), paraxylene (PX) in structural oversupply

-          Hopes for rebalancing by 2028-2030 as plants shut down, capacity build slows

-          Demand is flat but India is the exception – a beacon of growth for the region

-          Taiwan, Thailand struggle to compete against China, Middle East

-          Trade war will cause “cataclysmic” changes in global trade

-          Sustainability still seen as a growth driver, especially for polymers

-          Growing reliance on US ethane for chemical production in Asia

Cease fires on both business and war fronts are the focus of this month’s European polyethylene (PE) & polypropylene (PP) podcast, from the US and China de-escalating their eye-watering tariffs battle for 90 days, to the India-Pakistan ceasefire.

Senior editors Vicky Ellis and Ben Lake look at May’s price trends, how US-China trade relations are influencing sentiment in Europe, and are joined by senior editor Nadim Salamoun to discuss Trump's announcement regarding lifting sanctions on Syria, and how Pakistan’s market responded to its ceasefire with India.

They also highlight ICIS coverage from the latest Asia Petrochemical Industry Conference (APIC) in Thailand, including how petrochemical demand may ramp up as US lifts Syrian sanctions, how South Korea is mulling petchem rationalization, and another ICIS podcast on Asian C2 players’ survival strategies.

LONDON (ICIS)--Relatively stable demand and evolving global supply dynamics are expected in European ammonia and acrylonitrile (ACN) markets in 2025.

In this latest podcast, global ammonia editor Sylvia Tranganida and Europe ACN editor Nazif Nazmul share the latest developments and expectations for what lies ahead.

BANGKOK (ICIS) -- Asia benzene prices saw an uptrend early week. However, this gain was wiped out by a drop in crude prices by Friday. 

In this chemical podcast, Asia benzene editor Angeline Soh discusses the situation in the market and some insights from the Asia Petrochemical Industry Conference (APIC) 2025, held in Bangkok, Thailand.

BANGKOK (ICIS)--Over the past week, Asia ethylene players arrived in Bangkok, Thailand, to reflect on the industry's drift towards oversupply, and probe opportunities for continued survival as supply-demand balance changes enter the horizon. 

In this chemical podcast, ICIS editor Josh Quah discusses some insights gleaned from the Asia Petrochemical Industry Conference (APIC) 2025, held in Bangkok, Thailand.

LONDON (ICIS)-- European acrylonitrile-butadiene-styrene (ABS) and acrylonitrile (ACN) markets are facing ongoing demand weakness in 2025, as well as uncertainty for global supply dynamics and the potential impact expected from US tariffs.

In this latest podcast, Europe ABS market editor Stephanie Wix and markets editor for the Europe ACN report, Nazif Nazmul, share the latest developments and expectations ahead.

ABS is the largest-volume engineering thermoplastic resin and is used in automobiles, electronics and recreational products.

ACN is used in the production of synthetic fibres for clothing and home furnishings, engineering plastics and elastomers.

The agreement to pause steep tariffs between the US and China for 90 days allows normal business to resume, but chemicals CEOs still need to plan for structural changes to global trade. 

-          US-China tariff pause allows trade to resume between nations

-          Will benefit chemical companies around the world

-          But business leaders still need to plan for a more protectionist world

-          Trade resumption could see huge spike in demand, snarling up logistics

-          SABIC reportedly appoints banks to prepare for sale of European assets

-          Could make strategic sense from cost perspective

-          But would reduce footprint in the EU with its 450 million citizens
-          Upgrade and restart of SABIC’s Wilton cracker reportedly delayed 

BANGKOK (ICIS) -- Northeast Asia ethylene and polyvinyl chloride (PVC) markets have seen a slower-than-expected tempo of spot talks for June cargoes, with the main driver of uncertainty being unclear start up timelines from new ethylene derivative expansions, particularly from Chinese PVC.

In this chemical podcast, ICIS editors Jonathan Chou and Josh Quah discuss their findings from the Asia Petrochemical Industry Conference (APIC) 2025, held in Bangkok, Thailand.

China’s tariff on US LPG has been cut from 125% to 10% for 90 days. Shihao, Yan, and Lilian from the ICIS China LPG team discuss what this means for US cargo flows, CFR China price trends, and China PDH operation outlook, and why market players remain cautious despite the relief. 

Related article: Our April analysis on the tariff hike