IHS Chemical Week

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February 3, 2016
Turnaround season in the North American styrene market began this week when Americas Styrenics (Amsty) took down a production line at its Donaldsonville, LA, facility for three weeks of planned maintenance. The turnaround is expected to have little impact on the styrene market, as all February contractual material has already been secured by consumers....
February 3, 2016
Olin reports a net loss for the fourth quarter of $59.3 million, down from earnings of $12.8 million in the year-ago period. Sales totaled $1.267 billion, up from $500 million on the acquisition of Dow’s chlorine products business in October 2015. Adjusted earnings of 31 cts/share beat the average analyst estimate of 20 cts/share as compiled by Thomson Reuters (New York)....
February 2, 2016
LyondellBasell reports net income for the fourth-quarter of $795 million, up 0.5% year-over-year (YOY) from $791 million. Sales totaled $7.071 billion, down 31.3%. Adjusted earnings of $2.20/share beat the average analyst estimate of $2.14/share as compiled by Thomson Reuters (New York). Lower ethylene margins took a large chunk of the earnings, partly offset by higher polyolefin volumes and margins....
February 2, 2016
US fourth-quarter propylene production increased, although inventories decreased, according to data released this week by the American Fuel & Petrochemical Manufacturers (AFPM)....
February 2, 2016
The US January ethylene net transaction contract settled lower for the second consecutive month on Tuesday, coming on the back of strong operating rates, healthy supply and bearish sentiment during January. The January ethylene net transaction (NT) contract price settled at 24.75 cts/lb, down by 1.00 ct/lb from December....
February 2, 2016
Europe's styrene barge contract for February has settled at €925/m.t. fob Rotterdam, a decrease of €50/mt. from the January settlement. Following decreases in the benzene and...
February 1, 2016
CHS (Inver Grove Heights, MN) has completed a previously announced $2.8-billion equity investment in a nitrogen subsidiary of CF Industries. Under the agreement, CHS can receive shipments of granular urea up to 1.1 million tons/year and up to 580,000 tons/year of urea and urea ammonium nitrate (UAN) from CF Industries, effective 1 february....
February 1, 2016
Strong demand and shipping inquiries from Asia have put a strain on cargo space for US petrochemical exports, pushing up freight rates out of the US. The primary driver has been expanding US methanol production capacity, but strong Asian interest in US para-xylene (p-xylene), styrene, ethanol and ethylene dichloride has also  contributed to the pinch. Compounding the problem, two major shippers were unable to move any material during January, according to ship brokers Netco....
February 1, 2016
Sinopec’s output of the major petrochemical products increased in 2015, the company has announced. In its unaudited report, Sinopec says its production of ethylene rose 3.9%, to...
February 1, 2016
Pemex Fertilizers, a subsidiary of Petróleos Mexicanos (Pemex) has completed the acquisition of Grupo Fertinal (Cuernavaca, Mexico), adding 1.2 million m.t./year of capacity to...
February 1, 2016
Ercros (Barcelona) has announced a program to attract other companies to build manufacturing plants and other facilities, creating employment, at Ercros’s production site at...
February 1, 2016
PhosAgro (Moscow) on Monday reported an increase in the production and sales of fertilizers in 2015. Production was 10.4% higher year-on-year (YOY) at 6.8 million m.t. with sales...
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