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August 27, 2015
Boardwalk Louisiana Midstream said on 27 August that the US Department of Transportation Pipeline and Hazardous Materials Safety Administration (PHMSA) had approved the Evangeline...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Evangeline-pipeline-returns-to-full-operating-pressure_73275.html
August 27, 2015
BASF, SK Chemicals (Seoul) and Solvay are in discussions, which may lead to the construciton of a hydrogen peroxide-to-propylene oxide (HPPO) project at Ulsan, according to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene_oxide/BASF-Solvay-and-SK-mull-hydrogen-peroxide-propylene-oxide-production-in-South-Korea_73221.html
August 27, 2015
Ethylene spot prices on the US Gulf Coast have been tumbling since the start of August, probably because buyers are waiting for a clearer view on the market, say analysts at IHS Chemical. The weekly average spot price, assessed at 33.6 cts/lb del USGC for the week ending 30 July, fell to 24 cts/lb for the week ending 20 August, a decline of nearly 30%. The decline continued into the following week, with Monday and Tuesday’s prices averaging 22.8 cts/lb....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-ethylene-prices-down-on-buyer-uncertainty_73208.html
August 27, 2015
US propylene stocks were stable to higher in the week that ended on 21 August, according to data released on Wednesday by the Energy Information Administration (EIA). Propane/propylene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-stocks-keep-from-falling-last-week_73191.html
August 26, 2015
Shell Canada confirmed today that its Scotford, AB, styrene plant is up and running. The company is currently building inventory ahead of a 44-day shutdown that will start on 8...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Shells-Scotford-styrene-plant-up-and-running_73193.html
August 26, 2015
Uralkali (Berezniki, Russia), one of the world's largest potash producers, says that its board of directors has approved a $1.32-billion buyback of up to 14% of its shares, including...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-share-buyback-brings-possible-merger-with-Uralchem-closer_73179.html
August 26, 2015
Al Ghaith Industries (Abu Dhabi) has chosen Nuberg Engineering (Noida, India) to build a $150-million chlor-alkali facility at the Khalifa Industrial Zone in Abu Dhabi, in two phases. Nuberg says the first phase will include a 350-m.t./day caustic soda plant and a 60-m.t./day hydrogen peroxide plant....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Al-Ghaith-selects-Nuberg-for-$150-million-chlor-alkali-project_73186.html
August 26, 2015
There was a huge drop in benzene import volumes into China during July, data obtained by IHS Chemical show. Taking into account the monthly volumes so far in 2015, ranging from a low...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/China-benzene-imports-plummet_73180.html
August 26, 2015
The diversified, private-sector Adani Group (Ahmedabad, India) has announced plans to invest 250 billion Indian rupees ($3.78 billion) in two projects in the central Indian state of...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Adani-to-invest-in-coal-based-fertilizer-complex-in-the-Indian-state-of-Chhattisgarh_73176.html
August 25, 2015
South Korea's benzene exports in August to the United States are set to exceed 100,000 m.t., as benzene prices in Asia have come down on the back of weak crude futures and a weak stock...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-imports-of-benzene-from-Korea-to-exceed-100000-m-t-this-month-as-market-declines_73171.html
August 25, 2015
Benzene spot prices have been on a slippery slope in Europe during the last few days, with values dropping $90/m.t. in one day. August spot prices had traded as low as $645/m.t. by the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Europe-benzene-prices-nosedive-ahead-of-contract-discussions-reach-six-year-low_73160.html
August 25, 2015
Uralkali (Berezniki, Russia), a leading potash fertilizers producer, on Tuesday reported profits in the first six months of this year increased significantly. Ebitda was up 22%...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkalis-profits-rise-expansion-on-track-to-safeguard-market-share_73156.html
August 24, 2015
Prompt US benzene spot prices dropped below the $2.00 per gallon ($599/m.t.) market on Monday for the first time in six months, following direction from the decline in the Asian and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-benzene-hits-six-month-low-on-weaker-crude-and-Asian-markets_73139.html
August 24, 2015
A rekindling of direct foreign investment in Iran’s huge petrochemical sector—if and when international sanctions are lifted—could reap large rewards for nimble...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-Chemical-Irans-petchem-sector-offers-opportunities-albeit-for-non-risk-averse-investors_73134.html
August 24, 2015
African Potash (London), the AIM-listed exploration company focused on sub-Saharan potash assets, said on Monday that it has entered into a memorandum of understanding (MOU) to supply...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/African-Potash-signs-fertilizer-supply-MOU-with-Zambian-firm_73132.html
August 24, 2015
The Korea Exchange has asked LG Chem (Seoul), one of Korea’s leading petrochemical companies, to respond to market rumors that it is preparing to bid for Dongbu Farm Hannong...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LG-Chem-to-diversify-into-agchems_73128.html
August 25, 2015
Haverhill Chemicals' (Houston) CEO Alberto Spera confirmed that he was leaving the company on 21 August, after meetings with prospective buyers of the company took place that week. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Haverhill-CEO-leaving-fate-of-company-still-in-the-balance_73122.html
August 24, 2015
The US aromatics market hit a standstill late in the week, as traders were caught between falling crude futures, production issues and the first hurricane of 2015 to arrive in the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-aromatics-market-caught-between-mixed-fundamentals_73124.html
August 20, 2015
Chemours will close its Edgemoor, DE, titanium dioxide (TiO2) plant by the end of September. The company also plans to shut a TiO2 line at its New Johnsonville, TN, site. The closures will eliminate roughly 150,000 m.t./year of TiO2 capacity as the company nears completing a 200,000-m.t./year unit at Altamira, Mexico....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Chemours-to-close-Edgemoor-DE-titanium-dioxide-plant_73099.html
August 20, 2015
Saudi Arabian Mining Co. (Ma’aden) said on Thursday that its subsidiary Ma’aden Phosphate Co. (MPC) will shut down its ammonia plant at Ras Al Khair, Saudi Arabia, to carry...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Maaden-shuts-down-ammonia-plant-for-unscheduled-repairs_73093.html
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