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February 25, 2015
US propylene inventories were up for the week that ended on February 20, according to data released by the US Energy Information Administration (EIA) on Wednesday.  It was the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-stocks-up-second-straight-week_68094.html
February 25, 2015
A rarely seen arbitrage between Europe and Asia for benzene has opened and reportedly been worked as Europe still struggles to deal with length in its domestic system heading into...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Rare-Europe-to-Asia-arbitrage-opens-as-Europes-benzene-market-lengthens_68075.html
February 25, 2015
Olefins and derivatives producer TVK (Tiszaújváros, Hungary) posted big year-on-year (YOY) increases in earnings for the fourth quarter of 2014. Net profit soared to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/TVK-posts-big-profit-gains-prepares-to-start-up-new-butadiene-unit_68073.html
February 25, 2015
Westlake reports net income for the fourth quarter of $183 million, up 7% year-over-year (YOY) from $171 million on the advantage of converting from propane to ethane feedstock. Net sales increased 19% YOY to $1.1 billion, mainly on the contribution of Vinnolit Holdings, which Westlake acquired in the third quarter. Earnings of $1.37/share were just shy of the analysts’ consensus of $1.38/share reported by Thomson Reuters (New York) owing to the 3 cnt/share impairment of an equity investment....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-net-income-up-7-percent-on-feedstock-costs_68045.html
February 25, 2015
Chevron Phillips Chemical (CPChem) has production back up at its Cedar Bayou, TX, steam cracker, according to market sources this week. However, the company would not confirm any...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sources-CPChem-production-back-up-at-Cedar-Bayou_68061.html
February 24, 2015
Alpek (Monterrey, Mexico) reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Alpeks-loss-widens-in-fourth-quarter-exits-Russian-JV_68051.html
February 24, 2015
The construction of Yacimientos Petroliferos Fiscales Bolivianos' (YPFB; La Paz) previously announced fertilizer complex at Bulo Bulo, Bolivia, is advancing and is 64.4% complete, says...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Bolivias-YPFB-fertilizer-project-64-percent-complete_68040.html
February 24, 2015
Westlake Chemical Partners LP (Houston) reports net income of $8.6 million on sales of $274 million for the fourth quarter of 2014. The period was the first full quarter for the business, a master limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities. Earnings of 32 cts per limited partner unit were short of the analysts’ consensus estimate of 34 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-ethylene-MLP-reports-net-income-of-$8-6-million-for-its-first-full-quarter_68048.html
February 24, 2015
Japan's benzene, toluene, and xylene (BTX) production in January was mostly lower on monthly and annual bases, data from the Japan Petrochemical Industry Association (JPCA; Tokyo)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Japans-January-BTX-output-mostly-down-on-monthly-annual-bases_68021.html
February 24, 2015
Japan produced 614,100 m.t. of ethylene in January 2015, 2.5%, or 16,000 m.t., less than in December 2014 and down 4.6% year-on-year (YOY), or 29,800 m.t., data from the Japan...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Japans-January-ethylene-production-declines-2-5-percent-versus-December_68020.html
February 24, 2015
The current arctic blast in the US northeast has so far had little operational impact on refinery operations in that region. Weather forecasts are showing that temperatures on 24...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-east-coast-refiners-report-little-operational-impact-from-freezing-temperatures_68019.html
February 24, 2015
US market participants said on 23 February that LyondellBasell Industries' recent production issue at the company's propylene oxide-styrene monomer (POSM) unit at Channelview, TX...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/LyondellBasells-Channelview-production-issues-short-lived-sources-say_68018.html
February 23, 2015
The Saudi Arabian Mining Co., (Ma’aden) said today that Ma’aden Phosphate Company (MPC), a joint venture owned 70% by Ma’aden and 30% by Sabic, has resumed operations...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Maaden-resumes-production-at-ammonia-plant-after-maintenance_67992.html
February 23, 2015
Cronus Chemicals (Chicago) has signed an engineering, procurement, and construction (EPC) contract with Tecnimont-Illinois, a Tecnimont subsidiary, for the previously announced Cronus...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Cronus-Chemicals-signs-EPC-contract-for-Illinois-fertilizer-project_68008.html
February 23, 2015
Four petrochemical units at Feyzin, France, are expected to go into an eight-week maintenance turnaround starting tomorrow, according to local news report. Total operates a refinery at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Report-Total-Solvay-petchem-JV-in-France-to-start-eight-week-turnaround_68001.html
February 23, 2015
Braskem has not yet approved its 2015 investment budget, and the company's board has decided to take a couple of extra months to refine it because of the volatility in energy markets...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-board-yet-to-approve-2015-budget-future-of-Comperj-petchems-project-uncertain_68005.html
February 23, 2015
India has extended an antidumping duty on acetone from South Korea by five years starting 18 February, the Ministry of Finance (New Delhi) says. The extension results from a sunset...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/India-extends-antidumping-duty-on-acetone-from-Korea-by-five-years_67994.html
February 21, 2015
Chevron Phillips Chemical (CPChem) is expected to restart production over the weekend at its Cedar Bayou, TX facility, according to US olefins sources. The company said in a state...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-expected-to-restart-production-at-Cedar-Bayou-this-weekend_67988.html
February 20, 2015
Petkim (Aliaga, Turkey) is restarting its newly expanded purified terephthalic acid (PTA) unit at Aliaga. The project to increase PTA capacity at the site from 70,000 m.t./year to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Petkim-restarts-expanded-PTA-plant_67979.html
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