IHS Chemical Week

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January 29, 2016
Covestro is testing an innovative technology for recycling saline-process wastewater in polycarbonate production. On Friday, the federal minister for the environment, Barbara...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Covestro-opens-pilot-plant-in-Germany_76814.html
January 29, 2016

Westlake Chemical (Houston) says its $2.9-billion bid to acquire Axiall (Atlanta) has been “summarily rejected” by the Axiall board of directors. The combination would create North America’s second-largest producer of polyvinyl chloride, with 23% of the market’s 8.9 million m.t./year of production capacity. 

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/vinyl_chloride/Axiall-board-rejects-Westlakes-$2-9-billion-bid_76811.html
January 29, 2016
Fertilizer major Yara International (Oslo) said on Friday that it will take an asset impairment charge of approximately 1.15 billion Norwegian kroner ($133.6 million) in its...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Yara-profits-hit-by-writedowns-outages_76800.html
January 28, 2016
A yearly high was set for December 2015 as China imported 1.1 million m.t. of para-xylene (p-xylene), according to recent data obtained by IHS Chemical. Compared with November, this is...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/China-p-xylene-imports-hit-yearly-high-demand-for-gasoline-blending-increases_76731.html
January 28, 2016
A fire at one of MOL Petrochemicals’ two steam crackers at Tiszaujvaros, Hungary, on 21 January caused limited damage and no injuries. Production at the plant was halted but the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Fire-at-Hungary-ethylene-plant-will-hurt-polyolefin-production_76742.html
January 28, 2016
US aromatics spot prices on Wednesday saw little movement as domestic crude inventory rose to its highest level on record, and NYMEX WTI crude futures firmed. US crude and gasoline inventory were both higher for the week that ended on 22 January, according to data released by the Energy Information Administration (EIA) earlier in the day....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Little-reaction-in-US-aromatics-as-crude-and-gasoline-inventories-firm_76733.html
January 28, 2016
Europe's benzene contract price for February will be negotiated tomorrow and while the mechanisms used to agree on monthly term pricing will almost certainly dictate a price fall from...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/As-contract-settlement-looms-can-Europes-benzene-values-be-sustained_76738.html
January 28, 2016
Fertilizer producer EuroChem Group (Zug, Switzerland) and Agrinos (Oslo), a global leader in biological crop nutrition products, have on Thursday signed an equity investment and two...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/EuroChem-and-Agrinos-sign-equity-investment-and-two-collaboration-agreements_76740.html
January 28, 2016
PotashCorp reports fiscal fourth-quarter net income down nearly 50% year-on-year (YOY), to $201 million, mostly due to weaker fertilizer prices in late 2015 and lower sales volumes...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PotashCorp-income-sales-down_76732.html
January 28, 2016
Methanex (Vancouver) reports net income for the fourth quarter of $11 million, down 92% year-over-year (YOY) from $140 million. Revenue fell 34% YOY to $484 million on a steep decline in methanol prices, the result of falling crude oil values and new production capacity. Adjusted earnings of 16 cts/share, down from 85 cts/share in the year-ago period and just shy of the average analyst estimate of 17 cts/share, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-down-92-percent-YOY-on-steep-price-decline_76727.html
January 28, 2016
Sadara, a Saudi Aramco-Dow Chemical joint venture now in the final stages of building a $20-billion petrochemical complex at Jubail, will commission its core unit, a mixed feed cracker...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sadara-to-commission-ethylene-plant-in-March_76721.html
January 27, 2016
US nonfuel-use propylene inventory increased 3% during the week ended 22 January, according to data the Energy Information Administration released on Wednesday. The gain is the first time in four weeks that the inventory has moved significantly....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-stocks-make-first-gain-of-2016_76705.html
January 27, 2016
Fertilizer producer Acron Group (Veliky Novgorod, Russia) on Wednesday announced its 2015 production results, up 2.6%, to 6.4 million m.t. The fertilizer output was down 1.5%, to 5.0...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Acron-Group-reports-drop-in-fertilizer-production_76698.html
January 26, 2016
US January propylene contracts settled lower on Tuesday, coming on the back of bearish market sentiment and stable inventories. The decline, the first in three months, was in line with weaker spot prices this week....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-contracts-drop-for-the-first-time-in-three-months_76694.html
January 26, 2016
The US February benzene contract is expected to settle by Friday at a second consecutive monthly decline, mainly on continued weakness in energy futures, according to market participants. A decline would parallel the extended downward trend in benzene spot prices....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-benzene-contract-expected-to-decline-for-second-straight-month_76692.html
January 26, 2016
Celanese says it will increase the price of ethyl acetate in Europe and the Mideast by €60/m.t. ($65.06), effective 1 February. The company increased prices in the Americas by 5...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetic_acid/Celanese-increases-price-of-ethyl-acetate-in-Europe-Mideast_76682.html
January 26, 2016
DuPont on Tuesday reported a fourth-quarter 2015 net loss of $253 million, or 26 cts/share, due mostly to restructuring charges as the company implements cost-cutting programs. Sales...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/DuPont-beats-estimates-despite-lower-sales-raises-cost-cutting-targets_76676.html
January 26, 2016
The European Commission says it has opened an in-depth investigation into whether support provided by the Spanish authorities to potash mining company Iberpotash (Súria, Spain)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/EU-investigates-alleged-state-aid-to-Spanish-producer-of-potash_76674.html
January 26, 2016
Midwest Fertilizer Co. has agreed with Thyssenkrupp Industrial Solutions (USA) to design and build a previously announced nitrogen fertilizer manufacturing complex near Mt. Vernon in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Midwest-Fertilizer-awards-contract-to-Thyssenkrupp_76672.html
January 26, 2016
Indian Potash Ltd. (IPL; New Delhi) has signed a five-year deal for the delivery of potash fertilizers from Belarus, according to Pankaj Saxena, Indian ambassador to Belarus...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/IPL-signs-five-year-deal-for-potash-deliveries-from-Belarus_76671.html
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