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January 30, 2015
Methanex reports net income for the fourth quarter of $133 million, up 4% year-over-year (YOY) from $128 million. Sales totaled $733 million, down 17% YOY from $881 million. Adjusted earnings of 85 cents/share fell short of the analysts’ consensus estimate of 95 cents/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-up-4-percent-but-short-of-estimates-on-pricing_67321.html
January 29, 2015
David Lumpkins has joined the board of directors of Westlake Chemical Partners’ general partner. Westlake Chemical Partners (Houston) is the master limited partnership formed by Westlake Chemical to operate, acquire and develop ethylene production facilities....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/David-Lumpkins-joins-board-of-Westlakes-ethylene-MLP_67334.html
January 29, 2015
PotashCorp reports net income increased 80.0% year-on-year, to $407 million, on sales up 23.4% YOY, to $1.9 billion. Adjusted earnings of 49 cts/share was 81.5% higher YOY and beat the...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-profits-jump-80-percent_67322.html
January 29, 2015
India will implement antidumping duties on acetone imported from Taiwan and Saudi Arabia, the Directorate General of Antidumping and Allied Duties (New Delhi) says. The Taiwanese...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/India-slaps-antidumping-duties-on-acetone-from-Taiwan-and-Saudi-Arabia_67290.html
January 29, 2015
Styrene cargoes have been offered from overseas into Asia at more competitive prices than cargoes of Asian product, although concerns over transit time, forward pricing risk, and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Offers-from-Europe-US-weigh-on-Asias-styrene-markets_67293.html
January 28, 2015
Pertamina (Jakarta) does not plan to carry out a maintenance program for its aromatics plant at Cilacap, Indonesia in 2015, a source close to the company said today. The plant's...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Pertamina-plans-to-operate-aromatics-plant-throughout-2015_67259.html
January 28, 2015
Cepsa Química (Madrid), a Cepsa subsidiary,  is mulling the sale of two of its petrochemical facilities, according to local press reports. One plant is near Cádiz...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylbenzene/Reports-Cepsa-considers-selling-some-PTA-and-other-assets_67237.html
January 28, 2015
Winter Storm Juno in the United States took a more northeastern route than initially forecast, on 26 January and early yesterday, missing refineries and aromatics plants in the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Winter-Storm-Juno-misses-aromatics-production-in-northeast-US_67251.html
January 27, 2015
Lotte Chemical (Seoul) restarted its butadiene extraction unit at Daesan, South Korea, today, after completing repairs, a source close to the company says. The 150,000-m.t./year...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/Lotte-restarts-butadiene-unit_67228.html
January 27, 2015
Winter Storm Juno in the northeastern United States could reduce aromatics operations for several producers in the region. The National Weather Service (Silver Spring, MD) issued...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Winter-Storm-Juno-may-impact-northeast-US-aromatics_67225.html
January 26, 2015
Methanex has started up a 1.0-million m.t./year methanol plant that has been relocated from Chile to Geismar, LA."This accomplishment marks another key milestone in our 2013 commitment to grow our [annual] operating capacity by approximately 3.0 million m.t. over three years, and it will support our continued growth and strategic focus on global methanol leadership,” says John Floren, president and CEO....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-brings-first-relocated-Geismar-methanol-plant-online_67212.html
January 26, 2015
Phosphate fertilizer producer MBAC Fertilizer (Toronto) has put its Itafós Arraias, Brazil, operations into minimum production mode to conserve working capital because now is...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Brazil-fertilizer-producer-ponders-mothballing-operations-partnering-or-divesting-assets_67204.html
January 26, 2015
Mixed xylene (MX) spot prices picked up during the past week in the United States, alongside reduced production, but demand remains weak in domestic as well as overseas markets. Many...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/mixedxylenes/Demand-for-mixed-xylenes-exports-from-US-is-still-lackluster_67190.html
January 26, 2015
Valero Energy has confirmed that it has begun a planned turnaround on mixed xylenes (MX) at the company's Corpus Christi, TX refinery. Valero says the turnaround for MX began on 16...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/mixedxylenes/Valero-confirms-planned-MX-outage-at-Corpus-Christi_67192.html
January 23, 2015
Pöyry (Vantaa, Finland) says that it has been awarded an engineering, procurement, and construction management (EPCM) services assignment by Yara International for a previously...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Yara-awards-EPCM-services-assignment-to-Finnish-firm-for-fertilizer-expansion_67176.html
January 23, 2015
Europe's styrene market has made steady gains through this week on the back of renewed buying interest for prompt material as traders moved to put together cargoes for export. Trading...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Prompt-export-demand-pushes-styrene-prices-up-in-Europe_67171.html
January 23, 2015
South Korea's benzene exports to China have increased in January on month-on-month and year-on-year (YOY) bases, data obtained by IHS Chemical show. Volatile crude oil futures have put...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/South-Koreas-benzene-exports-to-China-rise-amid-crude-volatility_67165.html
January 23, 2015
Production of several major aromatics products declined in Japan during 2014, data from the Japan Petrochemical Industry Association (JPIA; Tokyo) show. JPIA posted data for 18...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Japans-aromatics-production-declined-in-2014_67159.html
January 22, 2015
The US benzene market was firming this week alongside stronger numbers coming out of Asia, position taking ahead of the upcoming February contract settlement; as well as planned and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-benzene-firms-well-above-$2-00gal-mark_67127.html
January 22, 2015
Boardwalk Pipeline said on Thursday that the work to remove the in-line inspection tool that was stuck on the Evangeline ethylene pipeline should be completed by the end of this...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Inspection-tool-to-be-removed-from-Evangeline-Pipeline-by-end-week_67126.html
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