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October 31, 2014
Europe's November ethylene contract price settled at €1,060/m.t. ($1,349) del northwest Europe (NWE), down €90/m.t. on October. The November propylene contract price also...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/November-olefin-contract-prices-settle-down-&euro90m-t-in-Europe_64959.html
October 30, 2014
Methanex (Vancouver, BC) reports third-quarter income of $52 million, down 40% year-over-year (YOY) from $87 million. Sales totaled $730 million, down 4% YOY from $758 million. Adjusted earnings of 69 cents/share beat the analysts’ consensus estimate of 64 cents/share compiled by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-down-but-beat-estimates_64970.html
October 30, 2014
A July ethylene outage at the company’s Port Arthur, TX, facility took a large chunk out of Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) third-quarter earnings. Phillips 66 reports that its chemical segment, a 50% equity interest in CPChem, turned in earnings of $230 million for the third quarter, a 29% year-over-year (YOY) decline from $324 million....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-earnings-down-29-percent-on-Port-Arthur-outage_64958.html
October 30, 2014
Mosaic today reported third-quarter net earnings of $202 million, up 62% YOY. Earnings per share of 54 cts/share fell slightly below analyst estimates of 56 cts/share, according to...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-earnings-up-on-phosphates-strength_64949.html
October 30, 2014
Intrepid Potash says that its third-quarter sales volumes were up, but the company reported a net loss of $1.2 million compared with a gain of $2 million one year earlier. A per-share...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Intrepid-Potash-reports-net-loss-for-third-quarter_64919.html
October 29, 2014
All major construction work related to the rebuild of Williams' (Tulsa, OK) damaged steam cracker at Geismar, LA—including an expansion project and safety-related equipment...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-rebuilt-expanded-Louisiana-cracker-in-final-stages-of-commissioning-and-start-up_64889.html
October 29, 2014
Nova Chemical reports third-quarter income of $259 million, up 116% year-over-year (YOY) from $120 million, with all segments contributing to the gain. Sales totaled $1.427 billion, up 13% YOY from $1.263 billion....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nova-doubles-third-quarter-income_64899.html
October 29, 2014
Verde Potash (Toronto) has been approved for a 57.5 million Reais ($22.9 million) credit line, to be sourced by Brazil's development bank BNDES (Rio de Janeiro), at a...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Verde-Potash-approved-for-R$57-5-million-credit-facility_64891.html
October 28, 2014
Mississippi Phosphates Corp (Pascagoula, MS), a producer of diammonium phosphate fertilizer (DAP) has filed for Chapter 11 bankruptcy protection. Two affiliates—Ammonia Tank...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mississippi-DAP-fertilizer-producer-files-for-bankruptcy_64872.html
October 28, 2014
Compass Minerals reports a jump in third-quarter results, with year-on-year (YOY) net earnings rising skyrocketing to $87.9 million from $15.4 million on sales up 30% YOY, to...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Compass-Minerals-results-jump-on-insurance-settlement_64853.html
October 28, 2014
Westlake has held a dedication ceremony to celebrate the expansion of the company's Calvert City, KY, vinyls complex. Westlake spent in excess of $300 million for the project. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-dedicates-ethylene-PVC-expansions-in-Kentucky_64847.html
October 28, 2014
Cronus Chemical (Chicago) has chosen a site in eastern Illinois for the company's previously announced $1.4-billion fertilizer plant and plans to establish its US headquarters in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Report-Cronus-Chemical-selects-site-in-Illinois-for-$1-4-billion-fertilizer-complex_64848.html
October 27, 2014
Benzene exports out of the European Union have been decreasing during 2014, according to trade data. Exports stood at 107,000 m.t. in the eight months to August compared with 126,000...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Europes-benzene-exports-decline-on-diminished-availability-lighter-feedslates_64810.html
October 27, 2014
Qatar Fertilizer Co. (Qafco; Doha), the world’s largest single site producer of ammonia and urea, has signed a contract with the engineering and technology company NIIK (Moscow)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Qafco-to-enter-niche-urea-market-with-novel-plant_64809.html
October 27, 2014
Construction of Yacimientos Petroliferos Fiscales Bolivianos's (YPFB; La Paz) fertilizer complex at Bulo Bulo, Bolivia is 48% complete—including construction, basic engineering...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Construction-of-Bolivia-fertilizer-complex-48-percent-complete_64817.html
October 27, 2014
Fertilizers and chemicals producer Grupa Azoty (Tarnów, Poland) is targeting up to 10 overseas acquisitions in an effort to diversify away from the Polish market, says company...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Report-Polands-Grupa-Azoty-plans-overseas-acquisition-spree_64818.html
October 27, 2014
SK Global Chemical and JX Nippon Oil & Energy have inaugurated their joint-venture para-xylene (p-xylene) plant at Ulsan, South Korea. The companies together have invested 936.3...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/SK-Global-Chemical-JX-Nippon-inaugurate-p-xylene-plant-in-Korea_64815.html
October 24, 2014
Weak chlor-alkali demand continues to take a toll on Olin’s quarterly results, but the company expects improvement in the fourth quarter. Olin reports third-quarter net income of $26 million, down 63% year-over-year (YOY) from $70 million. Sales totaled $594 million, down 11% YOY from $671 million. Adjusted earnings per share of 42 cents equaled the analysts’ consensus estimate reported by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-third-quarter-earnings-fall-63-percent-on-continued-weak-chlor-alkali_64790.html
October 24, 2014
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/P-xylene-prices-fall-in-Europe-on-the-back-of-softer-Asian-prices-weaker-energy-markets_64788.html
October 24, 2014
Westlake says it will invest over $330 million to expand ethylene capacity at its facility in Lake Charles, LA, by 250 million lbs/year and to make other capital improvements. The company expects to complete the expansion in late 2015 or early 2016....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-plans-$330-million-ethylene-expansion-improvements-at-Lake-Charles_64738.html
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