IHS Chemical Week

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October 17, 2016
LG Chem (Seoul) on Sunday announced plans to invest 287 billion South Korean won ($251.7 million) to expand ethylene capacity at the company's Daesan manufacturing complex....
October 17, 2016
South Korea’s aromatics exports fell across the board in September because of plant turnarounds there and falling demand in China. Benzene exports fell to a three-month low of...
October 16, 2016
Purified terephthalic acid (PTA) producer Sanfangxiang (Jiangyin, China) has shut one of its two 1.2–million metric tons/year (MMt/y) lines for a scheduled turnaround on 17...
October 14, 2016
Aside from an initial disturbance in the price of ethylene, IHS Chemical believes a fire yesterday at Westlake’s styrene monomer unit in Lake Charles, Louisiana, will have little effect on US spot markets....
October 14, 2016
The Kuwait Styrene Co. (TKSC), Kuwait’s only styrene producer, has idled its ethylbenzene-styrene complex at Shuaiba, Kuwait. IHS Chemical understands that TKSC's 520,000-metric...
October 14, 2016
Ineos's Noretyl steam cracker at Rafnes, Norway, had compressor problems on 9 October that caused a fire, according to a company statement. Operating crews, in cooperation with the...
October 13, 2016
Refining and aromatics companies Idemitsu Kosan (Tokyo, Japan) and Showa Shell Sekiyu (Tokyo) have suspend their planned April 2017 merger “due to difficulties with some...
October 14, 2016
Repsol’s chemicals division has signed a technology licence agreement with Tianjin Bohua Chemical Development under which Repsol will transfer a process to produce propylene...
October 13, 2016
Total US ethylene export volumes are expected to be greatly reduced for the second half of the 2016 because higher US prices have reduced arbitrage opportunities from the US Gulf Coast to Northeast Asia according to IHS Chemical. Trade data shows that over 100,000 metric tons of US ethylene was exported in the first half of the year, with close to half this volume moving to China and Taiwan.  While one large cargo also moved to China in July, August export volumes were the second lowest of the year so far, and only one cargo of approximately 5,000 metric tons left the United States in September....
October 13, 2016
Crude oil prices need to hit $60-70/bbl so that petrochemical producers in the Middle East can have some “breathing room,” says Saudi International Petrochemical Co...
October 13, 2016
Sibur, Russia's leading producer of petrochemicals, has signed an agreement with the engineering company Conser (Rome, Italy) to acquire a licence to produce maleic anhydride....
October 11, 2016
European spot styrene prices remain under pressure, with narrowing spreads to benzene and naphtha as weak fundamentals weigh heavily on the market. The pressure recently lowered...
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