IHS Chemical Week

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February 9, 2015
Benzene fundamentals have been mixed in the United States this week, as spot prices have followed the uptick in NYMEX WTI crude futures, and supply availability remains ample. Prompt...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Energy-pushing-US-benzene-higher-rather-than-supply-demand-fundamentals_67625.html
February 8, 2015
Saudi Kayan, a Sabic affiliate, said on Sunday that the Ministry of Petroleum has allocated more ethane gas to the company, which will be used to increase capacity of its steam cracker...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Saudi-Kayan-to-debottleneck-cracker-ethylene-oxide-plant_67632.html
February 6, 2015
Dow Corning, a 50-50 joint venture between Dow Chemical and Corning, reports fourth-quarter net income down 66% year-on-year (YOY), to $37.0 million. Excluding one-time items, net...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/silicones/Dow-Corning-reports-5-percent-increase-in-sales_67624.html
February 6, 2015

Olin reports fourth-quarter net income of $12.8 million, down 48% year-over-year (YOY) on declines in both the chlor-alkali and Winchester ammunition segments. However, the company expects gains in 2015, notably in chlor-alkali, which Olin sees emerging from the current trough. Sales totaled $500 million, down 11% YOY from $562 million. Adjusted earnings of 25 cts/share beat the mean analysts’ estimate of 22 cts/share as compiled by Thomson Reuters (New York).

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http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-beats-earnings-estimates-expects-upturn-in-chlor-alkali_67615.html
February 6, 2015
A sinkhole east of Uralkali's (Berezniki, Russia) Solikamsk-2 potash mine has grown and currently measures 58 by 87 meters wide and approximately 75 meters deep, the company says. The...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sinkhole-near-Uralikali-mine-continues-to-expand-unused-machinery-being-removed-from-shaft_67613.html
February 6, 2015
Tosoh expects its steam cracker at Yokkaichi, Japan, to resume normal production tomorrow. Output at the cracker was reduced early this week to about 80% of capacity because of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Tosoh-to-restore-Yokkaichi-cracker-runs_67599.html
February 5, 2015
Ethylene spot prices have been moving higher in the United States this week due to uncertainty over operations at Shell Chemicals’ Norco, LA GO-1 steam cracker and flaring at Dow...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Ethylene-up-in-US-on-uncertainty-over-Louisiana-Texas-facilities_67560.html
February 5, 2015
ENI (Rome) has confirmed to CW that its chemical subsidiary, Versalis (Milan), has restarted its 490,000-m.t./year steam cracker at Porto Marghera, Italy and that the cracker is...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Versalis-restarts-Porto-Marghera-cracker-starts-supplying-Shell_67528.html
February 5, 2015
Aromatics prices fell $15-55/m.t. in Asia today, erasing most of the week's gains as regional market sentiment turned bearish following a slump in overnight crude oil futures. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Asia-aromatics-prices-lose-most-of-weeks-gains-today-on-crude-slump_67521.html
February 5, 2015
Haldia Petrochemicals Ltd. (HPL; Kolkata, India) plans to operate its steam cracker at 100% of capacity after it was restarted on 29 January following a six-month hiatus, a source...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Haldia-Petrochemicals-targets-100-percent-cracker-runs-after-late-January-restart_67513.html
February 4, 2015
US propylene inventories were down for the week ended 30 January, according to data released by the US Energy Information Administration (EIA) on Wednesday. The drop in inventories...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-inventories-end-January-lower_67505.html
February 4, 2015
Great Quest Fertilizer Ltd (Vancouver) has filed an updated preliminary economic assessment of the company's Tilemsi phosphate project in Mali. The update includes a pilot plant phase...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Updated-economic-assessment-filed-for-fertilizer-project-in-Mali_67491.html
February 4, 2015
Chlorine production increased 1.3% year-on-year (YOY) in Europe during December 2014, according to the latest figures released by industry association Euro Chlor (Brussels). Production...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Europes-chlorine-production-up-1-3-percent-in-December_67490.html
February 4, 2015
Styrindo Mono Indonesia (SMI; Jakarta) is operating one of its two styrene production lines at Merak, Indonesia—sufficient to meet its contractual obligations—a source...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrindo-Mono-Indonesia-runs-one-of-two-styrene-lines-to-meet-commitments_67477.html
February 4, 2015
Aromatics spot prices have firmed in the United States heading into February—mixed xylene (MX) values are still higher than benzene and toluene—alongside stronger NYMEX...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Aromatics-open-February-higher-in-the-US-on-stronger-energy-futures_67467.html
February 4, 2015
Automobile organization AAA (Heathrow, FL) expects retail gasoline prices to increase in the United States this month on the back of refinery maintenance and lower production. US...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/mixedxylenes/AAA-expects-higher-US-retail-gasoline-prices-in-February_67457.html
February 3, 2015
Wrapping up a deal that was announced in December 2014, Rogers Corp. (Rogers, CT) has closed on the transaction to acquire Arlon (Santa Ana, CA) from Handy & Harman (White Plains...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/silicones/Rogers-Corp-completes-acquisition-of-specialty-silicones-firm-for-$157-million_67207.html
February 3, 2015
Williams Partners (Tulsa, OK) says it expects to begin manufacturing ethylene at its expanded Geismar plant for sale in February. The company originally planned to start the plant, which has been offline since June 2013, in November, but problems arose during the final stages of commissioning....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-to-produce-ethylene-at-Geismar-for-sale-in-February_67455.html
February 3, 2015

LyondellBasell’s fourth-quarter earnings have beaten the analysts’ consensus estimate by 15%, with lower feedstock costs more than making up for lower product prices. However, the company expects lower crude oil prices to pressure margins in the year ahead. Fourth-quarter earnings from continuing operations totaled $796 million, down 32% year-over-year (YOY) from $1.177 billion. Sales totaled $10.29 billion, down 8% YOY from $11.138 billion. The quarter included a $715 million non-cash, pre-tax charge for the impact of a lower-of-cost-or-market (LCM) inventory adjustment.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-beats-consensus-by-15-percent-as-lower-feedstocks-make-up-for-product-prices_67452.html
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