IHS Chemical Week

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January 28, 2016
Cabot Microelectronics today reported fiscal first-quarter net income down 9.6% year-on-year (YOY), to $11.3 million, on sales that were roughly flat YOY, at $100.4 million. Continued...
http://www.chemweek.com/regions/north_america/Cabot-Micro-beats-estimates-despite-lower-volumes_76737.html
January 28, 2016
PotashCorp reports fiscal fourth-quarter net income down nearly 50% year-on-year (YOY), to $201 million, mostly due to weaker fertilizer prices in late 2015 and lower sales volumes...
http://www.chemweek.com/regions/north_america/PotashCorp-income-sales-down_76732.html
January 28, 2016
Methanex (Vancouver) reports net income for the fourth quarter of $11 million, down 92% year-over-year (YOY) from $140 million. Revenue fell 34% YOY to $484 million on a steep decline in methanol prices, the result of falling crude oil values and new production capacity. Adjusted earnings of 16 cts/share, down from 85 cts/share in the year-ago period and just shy of the average analyst estimate of 17 cts/share, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/canada/Methanex-earnings-down-92-percent-YOY-on-steep-price-decline_76727.html
January 28, 2016
Sherwin-Williams (SW) today reported fourth quarter net income up 49.2% year-on-year (YOY), to $198.0 million, as architectural paint volumes rose and costs declined, offsetting...
http://www.chemweek.com/regions/north_america/Sherwin-Williams-beats-estimates-on-lower-costs-higher-volumes_76728.html
January 28, 2016
The Environmental Protection Agency has recently registered BASF’s Systiva XS seed treatment fungicide, which helps US sugar beet growers prevent certain soilborne diseases. The...
http://www.chemweek.com/regions/north_america/EPA-approves-BASFs-seed-treatment-fungicide_76725.html
January 27, 2016
US nonfuel-use propylene inventory increased 3% during the week ended 22 January, according to data the Energy Information Administration released on Wednesday. The gain is the first time in four weeks that the inventory has moved significantly....
http://www.chemweek.com/regions/north_america/us/US-propylene-stocks-make-first-gain-of-2016_76705.html
January 27, 2016
During the week ended 23 January, chemical railcar traffic in North America fell 4.4% year-on-year (YOY), to 41,090 carloads, the result of declines across the region, according to data  the Association of American Railroads released on 27 January....
http://www.chemweek.com/regions/north_america/North-America-weekly-chemical-rail-traffic-drops-4-4-percent-YOY_76704.html
January 27, 2016
Ascend Performance Materials (Houston) announced Wednesday that it will focus on direct-to-market sales of its dimethyl ester (DME) products, ending its relationship with its largest...
http://www.chemweek.com/regions/north_america/Ascend-ends-relationship-with-DME-distributor-focuses-on-in-house-sales_76703.html
January 27, 2016
Merck KGaA (Darmstadt, Germany) has announced two appointments in its biopharma business. Gary Zieziula leads Merck’s biopharma business in North America, and Marc Horn will...
http://www.chemweek.com/regions/north_america/Merck-announces-biopharma-personnel-changes_76701.html
January 27, 2016
The US chemical industry is expected to feel the impact of slow global growth, low commodity prices and the strong dollar, according to a new report by Moody’s Investors Service...
http://www.chemweek.com/regions/north_america/Moodys-Macro-trends-a-problem-for-parts-of-US-chemical-industry_76706.html
January 27, 2016
Univation Technologies, a Dow Chemical subsidiary; and Linde’s engineering division announced on Wednesday that they will cooperatively provide performance and cost efficiencies...
http://www.chemweek.com/regions/north_america/Univation-and-Linde-to-cooperate-on-PE-and-cracker-integration_76700.html
January 27, 2016
The research and engineering arm of ExxonMobil has signed an agreement with Renewable Energy Group's (REG; Ames, IA) life sciences subsidiary to study producing biodiesel by fermenting...
http://www.chemweek.com/regions/north_america/ExxonMobil-REG-to-research-biodiesel-from-cellulosic-sugars_76697.html
January 26, 2016
US January propylene contracts settled lower on Tuesday, coming on the back of bearish market sentiment and stable inventories. The decline, the first in three months, was in line with weaker spot prices this week....
http://www.chemweek.com/regions/north_america/us/US-propylene-contracts-drop-for-the-first-time-in-three-months_76694.html
January 26, 2016
The US February benzene contract is expected to settle by Friday at a second consecutive monthly decline, mainly on continued weakness in energy futures, according to market participants. A decline would parallel the extended downward trend in benzene spot prices....
http://www.chemweek.com/regions/north_america/us/US-benzene-contract-expected-to-decline-for-second-straight-month_76692.html
January 26, 2016
3M reports fiscal fourth-quarter 2015 net income down 14% year-on-year (YOY), to $1.03 billion, on sales down 5.7%, to $7.3 billion YOY. Adjusted earnings fell 9% YOY, to $1.66/share...
http://www.chemweek.com/regions/north_america/3M-beats-estimates-despite-lower-sales_76684.html
January 26, 2016
Ashland has reported fiscal first-quarter net income more than doubled year-on-year (YOY), to $91 million, mostly because of a charge in the year-ago quarter. Sales fell 16% YOY, to...
http://www.chemweek.com/regions/north_america/Ashland-beats-estimates-but-sales-down-on-energy-and-currency_76680.html
January 26, 2016
ACC’s chemical activity barometer (CAB), a leading indicator of economic activity, was up slightly at 0.1% sequentially on a three-month moving average (3MMA) during January and...
http://www.chemweek.com/regions/north_america/ACCs-CAB-up-slightly-in-January_76679.html
January 26, 2016
Rentech Nitrogen has filed a registration statement with SEC to prepare for a potential spin-out of its Pasadena, TX, facility in the event it is unable to sell the plant. The...
http://www.chemweek.com/regions/north_america/Rentech-Nitrogen-preparing-for-potential-spin-out-of-Texas-facility_76677.html
January 26, 2016
DuPont on Tuesday reported a fourth-quarter 2015 net loss of $253 million, or 26 cts/share, due mostly to restructuring charges as the company implements cost-cutting programs. Sales...
http://www.chemweek.com/regions/north_america/DuPont-beats-estimates-despite-lower-sales-raises-cost-cutting-targets_76676.html
January 26, 2016
Toho Tenax, the carbon fiber-unit of Teijin (Tokyo), announced on Tuesday that it has renewed a long-term contract to supply Pyromex oxidized polyacrylonitrile fiber to UTC Aerospace...
http://www.chemweek.com/regions/north_america/Toho-Tenax-extends-US-carbon-fiber-contract-recommissions-idled-plant_76673.html
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