IHS Chemical Week

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April 1, 2016
Europe's April benzene contract price has been agreed on at $698/m.t. (€616) cif Amsterdam-Rotterdam-Antwerp (ARA), an increase of $122/m.t. (€93) from the March settlement...
April 1, 2016
Indorama Ventures (Bangkok) says that, on 31 March, it completed the previously announced acquisition of BP’s petrochemical complex at Decatur, AL. The complex can produce 1...
March 31, 2016
The US April benzene contract was settled on Thursday at $2.17–2.19/gal, up 41 cts/gal from March for the first increase in three months and the third consecutive split settlement. The March contract was settled at $1.76–1.78/gal....
March 31, 2016
KBR says that it has been awarded a license and basic engineering design contract for the revamp of a fluidized catalytic cracker (FCC) unit at a refinery in Shandong Province, China...
March 31, 2016
Americas Styrenics (AmSty; The Woodlands, TX) is increasing the transaction price of all grades of polystyrene (PS) by 6 cts/lb, effective 1 April. AmSty has not explained the increase, which is the first from the company since July 2015. It follows decreases announced in August, September, and February....
March 31, 2016
Solvay and Ineos have agreed to end their Inovyn chlorvinyls joint venture earlier than originally announced. Solvay and Ineos said earlier this month that they intended to bring...
March 30, 2016
US Customs and Border Protection (CBP) has issued a withhold release order against imports of soda ash, calcium chloride, caustic soda, and viscose or rayon fiber produced by Tangshan Sanyou Group (Tangshan, Hebei Province, China) and its subsidiaries in China. The order, which requires detention at all US ports of entry, is based on information indicating that the products are being made with convict or forced labor, CBP says. Such imports are illegal under US law....
March 30, 2016
As Europe's April benzene contract settlement approaches, market indications point to a firmer spot market, although some downside risks remain. The benzene contract price for April is...
March 29, 2016
The upcoming shutdown of Hexion's Norco, LA, facility, which  has capacity to consume 72,000 m.t./year of propylene, is not expected to have a major impact on the US petrochemical market, according to IHS Chemical....
March 29, 2016
Flint Hills Resources plans to shut down its Port Arthur, TX, light olefins unit (LOU) to repair a leak found on 29 March, according to an air emission event report filed with the Texas Commission on Environmental Quality (TCEQ). Flint Hills did not say when the shutdown would begin....
March 29, 2016
Celanese has increased the price of acetic acid in China by Rmb200/m.t. ($30.73), citing “recent market conditions." Celanese announced a Rmb100/m.t. increase earlier this month. The price of feedstock methanol began to rebound in February....
March 28, 2016
The US April benzene contract price is expected to rebound, following a surge in spot prices throughout March. The recent increase in spot prices comes on the back of thin volume, a regional arbitrage window and a spike in prompt spot benzene prices in Europe....
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