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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
January 22, 2015
China American Petrochemical Co. (Capco), a joint venture between BP and CPC Corp. (Taipei), has announced that it will decommission its five purified terephthalic acid (PTA) plants at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BPs-Capco-JV-to-decommission-five-PTA-plants-in-Taiwan-close-site_67083.html
January 22, 2015
National Industrialization Co. (Tasnee) said today that it signed an Islamic Murabaha financing agreement for 1.2 billion Saudi riyals ($319.4 million) with each the Riyadh Bank and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Tasnee-signs-financing-agreement-to-fund-acquisition-of-additional-shares-in-Cristal_67081.html
January 22, 2015
Mitsui Chemicals is operating its steam cracker at Chiba, Japan, at about 80% of capacity after the company reduced runs from 100% on 20 January, Mitsui said today. The cracker was...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Mitsui-runs-Chiba-cracker-at-80-percent-on-berth-repairs_67074.html
January 22, 2015
Saudi Aramco Total Refining & Petrochemical (Satorp), a joint venture in which Aramco holds 62.5% and Total the balance, has announced an increase in quarterly and annual net...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Satorp-reports-large-quarterly-and-annual-losses_67076.html
January 22, 2015
Saudi Arabian Mining Company (Ma’aden) has announced that its subsidiary Ma’aden Phosphate Co., (MPC) will shut down its ammonia plant located at Ras Al Khair City, Saudi...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Maaden-shuts-ammonia-plant-for-30-day-maintenance_67071.html
January 21, 2015
LyondellBasell Industries has shut down three propylene oxide (PO) units at the company's Bayport complex at Pasadena, TX, market sources say. The Bayport propylene oxide/tert-butyl...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene_oxide/LyondellBasell-idles-PO-units-at-Bayport-following-oxygen-pressure-loss_67063.html
January 21, 2015
Anellotech (Pearl River, NY), a green innovation and technology company, IFP Energies nouvelles (IFPEN) and its subsidiary Axens today announced a strategic alliance to develop and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Anellotech-IFP-and-Axens-form-alliance-to-commercialize-biobased-aromatics-technology_66965.html
January 21, 2015
Sinopec produced 10.7 million m.t. of ethylene in 2014, up 7.2% from 9.98 million m.t. in 2013, the company announced today. Sinopec's production accounted for 63% of China's overall...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sinopecs-ethylene-production-up-7-2-percent-in-2014_67037.html
January 21, 2015
Russia is cutting its export duty on benzene, toluene, and xylenes (BTX), as well as for crude oil and other derivatives, effective February, the Ministry of Economy (Moscow)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Russia-cuts-export-duties-on-aromatics_67044.html
January 20, 2015
Highfield Resources (Pamplona, Spain) has signed a memorandum of understanding (MOU) with the Port Authority of Bilbao, Spain. The MOU confirms the availability of 25,000 sq...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Highfield-Resources-signs-MOU-with-a-second-Spanish-port_66995.html
January 20, 2015
China produced 1.49 million m.t. of ethylene in December 2014, taking the full-year tally to 17.0 million m.t., the National Bureau of Statistics (NBS; Beijing) announced today. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chinas-ethylene-production-up-6-4-percent-in-December_66994.html
January 20, 2015
Lotte Chemical Titan (Kuala Lumpur) has issued a buy tender for 3,000–5,000 m.t. of ethylene for second-half February delivery, a source close to the company said today. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Lotte-Chemical-Titan-seeks-ethylene-for-second-half-February_66990.html
January 20, 2015
Mosaic said on Monday that it expects reported phosphates volume and phosphates and potash margins will exceed previously provided guidance ranges and that potash volumes will be at...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Mosaic-raises-2014-guidance-on-strong-volumes-and-margins_66989.html
January 20, 2015
Highfield Resources (Pamplona, Spain) has signed a memorandum of understanding (MOU) with the port authority of Passaia/Pasajés, northern Spain, the company announced...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Australian-firm-signs-potash-export-MOU-with-port-authority-in-Spain_66290.html
January 19, 2015
As long as the Boardwalk Pipeline’s Evangeline ethylene pipeline system remains down, US ethylene sources expect spot prices at the Choctaw ethylene storage hub at Plaquemine...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-Choctaw-ethylene-prices-to-stay-above-Mont-Belvieu-with-Evangeline-Pipeline-down_66986.html
January 19, 2015
Styrene prices in Europe were lower than in the United States last week, resulting in an open arbitrage window, but product is unlikely to actually move between the two regions...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrene-movement-from-Europe-to-US-unlikely-despite-arbitrage-window_66963.html
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