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June 30, 2015
Prompt benzene spot prices were down in the United States on 29 June, but market participants expect the July benzene contract to settle higher. The July benzene contract settlement is...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-benzene-contract-expected-to-firm-despite-spot-market-declines_71727.html
June 29, 2015
Saudi Arabian Fertilizer Co. (Safco), a Sabic affiliate, on Monday said that its mechanically completed, world-scale urea plant is still undergoing trial runs. As a result, the company...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Safco-again-delays-commissioning-of-urea-plant_71739.html
June 29, 2015
Cepsa (Madrid) has lifted the force majeure on phenol and acetone supplies from the company's Huelva, Spain, site, the company confirmed Monday. The force majeure was originally...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Cepsa-lifts-force-majeure-on-phenol-acetone-at-Huelva-Spain_71725.html
June 29, 2015
Synthesis Energy Systems (SES; Houston) says it has partnered with two Chinese companies to repurpose and expand its Zao Zhuang New Gas (ZZ) facility at Zao Zhuang, China, to include capacity for the production of 100,000 m.t./year of acetic acid and 10,000 m.t./year of propionic acid....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetic_acid/Synthesis-Energy-Systems-partners-for-project-to-make-acetic-propionic-acid-at-China-plant_71728.html
June 29, 2015
BASF will lift its force majeure on ethylene oxide (EO) in Europe as of 1 July, the company has announced. BASF declared force majeure on the supply of EO in Europe on 19 May, as...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_oxide/BASF-to-lift-force-majeure-on-EO-and-derivatives-in-July_71723.html
June 29, 2015
Trammo Group (New York), a leading fertilizer trader; and KuibyshevAzot (Togliatti, Russia) have signed an agreement to form an equally owned joint venture to produce granular ammonium...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Trammo-and-KuibyshevAzot-set-up-ammonium-sulfate-production-joint-venture_71722.html
June 29, 2015
CF Industries (Deerfield, IL) has sold its stake in Keytrade (Zurich), a worldwide fertilizer trader, to the company’s principals. Financial terms were not disclosed....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/CF-Industries-divests-stake-in-Keytrade_71710.html
June 26, 2015
Cosmar, a 50-50 joint venture between Sabic and Total, is bringing a styrene production line back onstream at its Carville, LA, plant this week, in line with expectations. The company...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrene-plants-in-US-remain-on-schedule-to-restart-after-turnarounds_71700.html
June 26, 2015
India has begun antidumping investigations into purified terephthalic acid (PTA) from China, Indonesia, Iran, Malaysia, and Taiwan, the country's ministry of commerce and industry...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/India-begins-dumping-probe-into-PTA-from-China-Indonesia-Iran-Malaysia-Taiwan_71687.html
June 26, 2015
Negotiations will take place next week for Europe's July styrene contract price and discussions are likely to be complicated by the contrasting factors of falling spot prices and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Europes-July-styrene-contract-talks-take-place-amid-falling-spot-prices-rising-feedstock-costs_71699.html
June 26, 2015
Artlant PTA (Sines, Portugal) is expected to restart production in September. The company's 700,000-m.t./year purified terephthalic acid (PTA) plant was mothballed in April 2014...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Dynamics-of-Europe-Mideast-PTA-markets-poised-to-change-as-Artlant-prepares-to-restart_71698.html
June 26, 2015
Fatima Fertilizer (Lahore, Pakistan) has bought DH Fertilizers (DHFL; Lahore) by acquiring 100% of DHFL's shares, Fatima Fertilizer says. The shares are worth 2 billion Pakistani...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Pakistan-fertilizer-acquisition_71680.html
June 26, 2015
Via an agreement, Bermuda-registered Petredec has secured $186.3 million from KfW IPEX-Bank (Frankfurt) to finance constructing four handysize gas carriers, the bank says. Handysize...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Petredec-secures-financing-to-build-four-gas-carriers_71679.html
June 26, 2015
PTT Global Chemical (PTTGC; Bangkok) has cut runs at its aromatics complex No. 1 at Map Ta Phut, Thailand, due to unstable operations, IHS Chemical understands. There had been reports...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/PTTGC-lowers-runs-at-aromatics-complex_71689.html
June 26, 2015
OCI NV (Amsterdam), a major producer of nitrogen fertilizers and industrial chemicals, has reached agreement to acquire BioMCN, a methanol producer and pioneer in biomethanol...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-gains-methanol-foothold-in-Europe-through-acquisition-of-BioMCN_71224.html
June 26, 2015
OCI NV (Amsterdam) on Tuesday announced it has closed the acquisition of BioMCN, a methanol producer and pioneer in biomethanol production based at Delfzijl, Netherlands for €15...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-NV-closes-BioMCN-methanol-acquisition_71340.html
June 25, 2015
In what has become a fight for global share of the potash market, PotashCorp, the world’s largest producer of fertilizers by capacity, is in the process of making a bid for K+S...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-bids-to-acquire-European-rival-K+S_71642.html
June 25, 2015
Production of phenol and acetone at Borealis’s Porvoo, Finland site is not expected to return to normal levels until the second week of July, a company statement said Thursday...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Borealis-phenol-acetone-production-expected-to-return-to-normal-in-July_71612.html
June 25, 2015
Polystyrene (PS) imports into Europe have been on the rise and inflated regional styrene values have dented profitability. Trade data released by Eurostat (Brussels) for the 28 EU...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/PS-imports-into-Europe-increase-significantly_71611.html
June 25, 2015
China’s imports of benzene, para-xylene (p-xylene), styrene, and toluene fell sharply in May compared with April and mixed xylene imports were almost flat, data obtained by IHS...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Chinas-aromatics-imports-fall-sharply-in-May_71595.html
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