IHS Chemical Week

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January 27, 2016
US nonfuel-use propylene inventory increased 3% during the week ended 22 January, according to data the Energy Information Administration released on Wednesday. The gain is the first time in four weeks that the inventory has moved significantly....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-stocks-make-first-gain-of-2016_76705.html
January 27, 2016
Fertilizer producer Acron Group (Veliky Novgorod, Russia) on Wednesday announced its 2015 production results, up 2.6%, to 6.4 million m.t. The fertilizer output was down 1.5%, to 5.0...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Acron-Group-reports-drop-in-fertilizer-production_76698.html
January 26, 2016
US January propylene contracts settled lower on Tuesday, coming on the back of bearish market sentiment and stable inventories. The decline, the first in three months, was in line with weaker spot prices this week....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-contracts-drop-for-the-first-time-in-three-months_76694.html
January 26, 2016
The US February benzene contract is expected to settle by Friday at a second consecutive monthly decline, mainly on continued weakness in energy futures, according to market participants. A decline would parallel the extended downward trend in benzene spot prices....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-benzene-contract-expected-to-decline-for-second-straight-month_76692.html
January 26, 2016
Celanese says it will increase the price of ethyl acetate in Europe and the Mideast by €60/m.t. ($65.06), effective 1 February. The company increased prices in the Americas by 5...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetic_acid/Celanese-increases-price-of-ethyl-acetate-in-Europe-Mideast_76682.html
January 26, 2016
DuPont on Tuesday reported a fourth-quarter 2015 net loss of $253 million, or 26 cts/share, due mostly to restructuring charges as the company implements cost-cutting programs. Sales...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/DuPont-beats-estimates-despite-lower-sales-raises-cost-cutting-targets_76676.html
January 26, 2016
The European Commission says it has opened an in-depth investigation into whether support provided by the Spanish authorities to potash mining company Iberpotash (Súria, Spain)...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/EU-investigates-alleged-state-aid-to-Spanish-producer-of-potash_76674.html
January 26, 2016
Midwest Fertilizer Co. has agreed with Thyssenkrupp Industrial Solutions (USA) to design and build a previously announced nitrogen fertilizer manufacturing complex near Mt. Vernon in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Midwest-Fertilizer-awards-contract-to-Thyssenkrupp_76672.html
January 26, 2016
Indian Potash Ltd. (IPL; New Delhi) has signed a five-year deal for the delivery of potash fertilizers from Belarus, according to Pankaj Saxena, Indian ambassador to Belarus...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/IPL-signs-five-year-deal-for-potash-deliveries-from-Belarus_76671.html
January 25, 2016
Flint Hills Resources said in a filing with state regulators on Saturday, 23 January, that it was restarting a light olefins unit (LOU) at its Port Arthur, TX, facility following an upset on 22 January. The filing, published by the Texas Commission on Environmental Quality (TCEQ), said the upset caused the LOU to shut down....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Flint-Hills-restarting-olefins-unit-in-Port-Arthur-TX_76666.html
January 25, 2016
ExxonMobil confirmed on Monday that flaring at its Beaumont, TX, facility will continue as the company works toward normal operations over the coming days. The company did not say when it aims to complete the process.  A spokesperson said the company expects to continue meeting contractual commitments....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/ExxonMobils-Beaumont-facility-still-working-toward-normal-operations_76664.html
January 25, 2016
Mossi Ghisolfi Group's (M&G; Tortona, Italy) chemicals arm, headquartered in Luxembourg, says it will increase the initial capacity of a previously announced, integrated...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/M-and-Gs-chemicals-arm-increases-capacity-of-planned-PTA-PET-plant-in-Texas_76648.html
January 25, 2016
Chandra Asri Petrochemical (Jakarta), the largest integrated petrochemical company in Indonesia, on Monday announced the completion of its naphtha cracker capacity expansion project at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chandra-Asri-completes-naphtha-cracker-expansion-project_76646.html
January 25, 2016
The depreciation of the Chinese currency, the renminbi, against the dollar is having a big impact on nitrogen and potash fertilizer markets, analysts say. The renminbi has weakened by...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Analyst-Chinese-currency-depreciation-significantly-affects-fertilizer-markets_76628.html
January 22, 2016
US ethylene spot prices began Friday on the rise, following a power failure at ExxonMobil's Beaumont, TX, facility during the afternoon of Thursday, 21 January. The company says that the refinery and chemical plant operations at Beaumont are in a safe-park mode, and the company will work to restore normal operations over the coming days....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-spot-ethylene-rebounds-as-ExxonMobil-Beaumont-enters-safe-park-mode_76632.html
January 22, 2016
With the impending restart of the Ellba-owned propylene oxide-styrene monomer (POSM) unit at Moerdijk, Netherlands, the focus of Europe's styrene industry is firmly on lengthening...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrene-demand-down-in-Europe-as-Ellba-POSM-unit-restarts_76631.html
January 21, 2016
Gelest (Morrisville, PA), a producer and supplier of specialty organosilicon compounds and silicones, says it has launched a silicone elastomer that can stretch more than 5,000% before...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/silicones/Gelest-launches-silicone-elastomer-with-record-breaking-stretch-properties_76609.html
January 21, 2016
Saudi International Petrochemical Co. (Sipchem; Al Khubar) reports significantly lower quarterly and full-year profits. The net profit in the fourth quarter was down 80%, to 26 million...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Sipchem-reports-lower-profits_76598.html
January 21, 2016
US ethylene spot prices hit another seven-year low on Wednesday, amid bearish market sentiment, healthy supply, and limited storage. Ethylene traded on Tuesday at 15.50 cts/lb. The record low for ethylene since IHS Chemical began tracking daily ethylene spot trades in 2002 was 15.25 cts/lb in December 2008....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-spot-ethylene-continues-decline_76604.html
January 20, 2016
LSB Industries (Oklahoma City) says its Pryor, OK, facility has been fully operational and producing all products since 17 January. The company had shut down urea and urea ammonium nitrate (UAN) production at Pryor in late December after nitric acid production was suspended to repair a leaking joint....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-producing-urea-UAN-at-Pryor-OK-facility_76573.html
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