IHS Chemical Week

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January 28, 2016
A yearly high was set for December 2015 as China imported 1.1 million m.t. of para-xylene (p-xylene), according to recent data obtained by IHS Chemical. Compared with November, this is...
January 28, 2016
A fire at one of MOL Petrochemicals’ two steam crackers at Tiszaujvaros, Hungary, on 21 January caused limited damage and no injuries. Production at the plant was halted but the...
January 28, 2016
US aromatics spot prices on Wednesday saw little movement as domestic crude inventory rose to its highest level on record, and NYMEX WTI crude futures firmed. US crude and gasoline inventory were both higher for the week that ended on 22 January, according to data released by the Energy Information Administration (EIA) earlier in the day....
January 28, 2016
Europe's benzene contract price for February will be negotiated tomorrow and while the mechanisms used to agree on monthly term pricing will almost certainly dictate a price fall from...
January 28, 2016
Fertilizer producer EuroChem Group (Zug, Switzerland) and Agrinos (Oslo), a global leader in biological crop nutrition products, have on Thursday signed an equity investment and two...
January 28, 2016
PotashCorp reports fiscal fourth-quarter net income down nearly 50% year-on-year (YOY), to $201 million, mostly due to weaker fertilizer prices in late 2015 and lower sales volumes...
January 28, 2016
Methanex (Vancouver) reports net income for the fourth quarter of $11 million, down 92% year-over-year (YOY) from $140 million. Revenue fell 34% YOY to $484 million on a steep decline in methanol prices, the result of falling crude oil values and new production capacity. Adjusted earnings of 16 cts/share, down from 85 cts/share in the year-ago period and just shy of the average analyst estimate of 17 cts/share, as compiled by Thomson Reuters (New York)....
January 28, 2016
Sadara, a Saudi Aramco-Dow Chemical joint venture now in the final stages of building a $20-billion petrochemical complex at Jubail, will commission its core unit, a mixed feed cracker...
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....
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...
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....
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....
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