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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
January 19, 2015
The European market for styrene is the weakest regional market worldwide for spot material, and ongoing sluggish domestic demand is prompting sellers to take a fresh look at export...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Europes-styrene-producers-look-for-export-opportunities_66966.html
January 16, 2015
National Fertilizers Ltd. (NFL), Engineers India, and Fertilizer Corporation of India earlier this week signed an agreement to form a joint venture to construct a fertilizer complex...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Indian-firms-form-joint-venture-to-build-fertilizer-complex_66928.html
January 16, 2015
Sources in the US market for aromatics said this week that petrochemical producers’ attention is already focused on planned maintenance turnarounds in February before the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/cumene/Seasonal-turnaround-plans-emerging-for-aromatics-in-the-US_66926.html
January 16, 2015
South Korea's benzene exports surged 35% in 2014 versus 2013 as new aromatics plants started operations, Korea Customs Service statistics show. About 1.88 million m.t. was exported...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/South-Koreas-2014-benzene-exports-surged-35-percent-on-plant-start-ups_66925.html
January 16, 2015
Japan's ethylene production totaled 631,200 m.t. in December 2014, up 1.5% from 622,000 m.t. in the previous December, according to figures released by the Ministry of Economy, Trade...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Japans-ethylene-production-up-1-5-percent-in-December_66923.html
January 16, 2015
Declining crude oil futures, ample supply, and weaker propylene prices in Asia are maintaining downward pressure on the US market for propylene. The continued weakness, which follows...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Weak-fundamentals-persist-for-propylene-in-the-US_66922.html
January 16, 2015
Lotte Chemical (Seoul) plans to shut its Daesan, South Korea, butadiene extraction unit for seven days in late January because of a technical hitch, a source close to the company said...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/Lotte-Chemical-to-shut-Daesan-butadiene-unit-late-this-month-for-repairs_66920.html
January 16, 2015
Higher production, fewer turnarounds, and a plant restart enabled South Korea to export 1.42 million m.t. of styrene to China in 2014, a 22% spike from 1.16 million m.t. in 2013, Korea...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/South-Koreas-styrene-exports-to-China-jumped-in-2014-on-higher-operating-rates-fewer-turnarounds_66917.html
January 15, 2015
The ongoing failure of Asia's monthly para-xylene (p-xylene) contract price mechanism to reach a settlement is creating frustration in Europe, which has historically relied on Asia to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/paraxylene/Delays-to-Asia-p-xylene-contract-settlements-cause-frustration-in-Europe_66860.html
January 15, 2015
Versalis, the chemicals subsidiary of ENI (Rome), has announced the temporary restart of the company's naphtha cracker at Porto Marghera, Italy, as part of a supply agreement with...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Versalis-confirms-restart-of-Porto-Marghera-cracker-to-supply-Shell_66850.html
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