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March 25, 2015
“Changing oil prices have not changed the fact that shale production technologies have unlocked an abundant long-term supply of natural gas in the region,” says Matt Aguiar, senior v.p. at ExxonMobil Chemical. “US gas production has grown by 45% over the past six years. The nation has a nearly 100-year natural gas supply, and it’s still growing.”...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-2015-ExxonMobil-sees-US-petrochemical-advantage-as-durable_68911.html
March 25, 2015
OCP (Casablanca), the world’s largest phosphate producer and a leading global fertilizer player, today reported results covering fourth-quarter and full-year 2014. The company's...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/OCP-reports-increase-in-sales-and-profits-seeking-larger-market-share_68893.html
March 25, 2015
US propylene inventories were slightly up in the week ended 20 March, according to data released by the Energy Information Administration (EIA) on Wednesday. The increase represents...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-stocks-up-slightly-for-second-straight-week_68905.html
March 25, 2015
Inodorama Ventures (Bangkok) is negotiating to buy Cepsa’s (Madrid) polyester manufacturing facilities at San Roque, Spain, according to Bloomberg, citing people familiar with...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Reports-Indorama-Ventures-eyeing-Cepsas-PTA-PET-assets-in-Spain_68887.html
March 25, 2015
Sahara Petrochemicals Co. said today that it will carry out scheduled maintenance at its Al Waha propylene and polypropylene (PP) facility at Al Jubail. The turnaround will begin on 1...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_dichloride/Sahara-to-carry-out-turnaround-at-Al-Waha-Samapco-plans-chlor-alkali-EDC-maintenance_68885.html
March 25, 2015
Belaruskali (Solihorsk, Belarus) has signed a new potash contract with China covering the first half of this year at $315/m.t. The price is down on what other major potash producers...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Belaruskali-potash-contract-with-China-upsets-negotiations_68878.html
March 24, 2015
With European spot prices for benzene moving back up to $700 per mt CIF ARA, a triple digit increase in the April contract price looks feasible as the length which weighed on March...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/European-benzene-stronger-ahead-of-CP-talks_68856.html
March 24, 2015
Saudi Arabian Mining Co. (Ma’aden) said today that its subsidiary Ma’aden Phosphate Co. (MPC) has halted operations at its cooling facility to carry out unscheduled...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Maaden-Phosphate-Co-halts-ammonia-production-for-plant-repairs_68840.html
March 24, 2015
The US Coast Guard said on Monday that traffic within the Houston Ship Channel is almost back to normal as a backlog of vessels was still being cleared out. Traffic has been heavy in...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Houston-Ship-Channel-traffic-moving-back-to-normal_68832.html
March 23, 2015
Advanced Petrochemical Co. said today that it has completed the scheduled maintenance of its propylene and polypropylene plants, which began on 1 March, and resumed operations at the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Advanced-completes-turnaround-at-Al-Jubail-plants_68817.html
March 23, 2015
ChevronPhillips Chemical (CPChem) is having planned and unplanned shut downs at its Sweeny, TX facility. In a filing with the Texas Commission on Environmental Quality (TCEQ) on...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-having-planned-and-unplanned-production-issues-at-Texas-facility_68795.html
March 23, 2015
South Korea’s benzene exports in March are expected to fall for a third straight month, data obtained by IHS Chemical shows. Over 1-19 March, benzene cargoes leaving the country...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/South-koreas-benzene-exports-seen-to-fall-for-a-third-straight-month_68774.html
March 22, 2015
Gulf Petrochemical Industries Co. (GPIC; Manama), a joint venture among National Oil & Gas Authority of Bahrain, Sabic, and Petrochemical Industries Co. (Kuwait City), today...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Gulf-Petrochemical-Industries-raises-profit-in-2014_68797.html
March 20, 2015
Although most styrene producers in North America are running normally now that Styrolution has brought up its Texas City facility this week, IHS Chemical analysts suggested that...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/US-styrene-producers-may-lower-rates-amid-ethylene-issues_68784.html
March 20, 2015
PhosAgro (Moscow), a leading phosphate fertilizers producer, says that an extraordinary general meeting of shareholders of its PhosAgro-Cherepovets subsidiary on 19 March approved the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-shareholders-approve-merging-subsidiaries_68779.html
March 20, 2015
Argex Titanium (Montreal), a company entering the titanium dioxide (TiO2) market, says it has signed a letter of intent with PVS Chemicals, a producer, distributor, and marketer...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Argex-signs-LOI-for-distribution-of-by-products-from-new-titanium-dioxide-plant_68776.html
March 19, 2015
OCI Partners (Nederland, TX) says lower methanol prices, higher natural gas prices, and a lower methanol production rate pulled down fourth-quarter results versus the year-ago period. Net income for the fourth quarter totaled $31 million, down 37% year-over-year (YOY) from $49 million. Revenues fell 12% YOY, to $99 million....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-income-down-on-lower-methanol-prices-utilization_68721.html
March 19, 2015
Kronos Worldwide (Dallas) reports net income for the fourth quarter of $19.9 million, up almost seven-fold year-over-year (YOY) from $2.9 million. Net sales increased 1% YOY, to $373.5 million. Earnings per share of 17 cents beat analysts’ consensus estimate of 12 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Kronoss-fourth-quarter-income-up-beats-estimates_68723.html
March 19, 2015
Styrolution's Texas City styrene facility is back up and running, the company confirmed today. The start-up was in line with the company's expected March timeframe. The initial...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrolution-brings-Texas-City-styrene-plant-back-up_68720.html
March 19, 2015
Propylene inventories firmed slightly in the United States during the week ended 13 March, according to data released by the US Energy Information Administrations. The increase comes...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Propylene-stocks-slightly-higher-in-US_68682.html
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