Why has Covestro upgraded its 2026 profit forecast?

Covestro has upgraded its 2026 full-year profit forecast because it achieved a stellar first-half (H1) performance, during which it was able to implement price hikes faster than the rise in raw material costs.

What impact did the US-Iran ceasefire uncertainty have on European chemical markets and crude oil prices?

US-Iran ceasefire uncertainty—sparked by former US President Donald Trump casting doubt on talks and the revocation of a waiver on Iranian oil, chemical, and fertilizer sales—caused chemicals stocks to slump and crude oil prices to surge by nearly $5 per barrel.

Europe Top Stories: Weekly Summary

Jul 13, 2026

ICIS Europe highlights Covestro's profit forecast upgrade amid broader industry challenges. Geopolitical tensions drive crude prices up, while tariff changes risk increasing US polyethylene imports into the EU.

icis

2025-08-04

Fertiglobe delays UAE low-carbon ammonia project

2025-10-09

Adnoc, Ta’ziz to establish dedicated chemicals port in Abu Dhabi

2025-11-10

UAE’s Fertiglobe sees strong urea demand ahead of spring season

2026-02-09

Covestro, Fertiglobe, Ta’ziz to Evaluate Ammonia, Nitric Acid Opportunities

2026-03-10

Covestro, Fraunhofer UMSICHT Team Up for Rigid PU Foam Recycling Plant