IHS Chemical Week

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May 5, 2015
IHS analysts' said Tuesday that they do not expect additional benzene to move from the US to Europe this month, following recent shipments of about 10,000 m.t. that are set to arrive...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Additional-US-benzene-to-Europe-not-expected-after-recent-fixtures_70104.html
May 5, 2015
Boardwalk Pipeline confirmed on Monday that its Evangeline ethylene pipeline has an estimated in-service restart date of 1 July. The early July restart date was in line with market...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Boardwalk-Pipeline-confirms-early-July-restart-for-Evangeline-Pipeline_70075.html
May 4, 2015
Westlake says conversions to cost-advantaged ethane feedstock improved first-quarter margins in the vinyls chain, but the gain was more than offset by lower margins in olefins. The company reports first-quarter net income of $146 million, down 7.6% year-on-year (YOY) from $158 million. Net sales increased 7.4% YOY to $1.104 billion, mainly on the contribution of Vinnolit, the specialty PVC resin business acquired last July. Earnings per share of $1.10 fell short of the analysts’ consensus estimate of $1.18, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-misses-estimates-as-crude-takes-toll-on-olefin-margins_70057.html
May 4, 2015
Saudi Arabian Fertilizer Co. (Safco), a Sabic affiliate, will begin commercial operations at its fifth manufacturing facility in late June, the company has announced. The plant, whose...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Safco-delays-commissioning-of-urea-complex_70048.html
May 4, 2015
South Korea exported more than an estimated 280,000 m.t. of benzene in April, up 18% from 236,744 m.t. transported in March, data obtained by IHS Chemical show. They show the bulk of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/South-Koreas-April-benzene-exports-up-about-18-percent-from-March_70047.html
May 4, 2015
US styrene prices are expected to remain strong throughout June, amid ongoing and upcoming turnarounds, according to IHS Chemical.  Styrene producers have already sold out for May and most of June, and are starting to offer July material....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/US-styrene-prices-expected-to-stay-strong-through-June_70039.html
May 1, 2015
US olefins sources said on Friday that Boardwalk Pipeline's Evangeline ethylene pipeline would be back online in late June. The Evangeline pipeline, which transports ethylene between...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Evangeline-ethylene-pipeline-to-restart-in-late-June-sources-said_70036.html
May 1, 2015
An initial May contract settlement for toluene has been reached in Europe at $740/m.t., a buyer reported today. The fixture represents an increase of $67–72/m.t. on the April...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/toluene/Higher-initial-settlement-for-toluene-May-contract-in-Europe_70023.html
May 1, 2015
Settlements for the European May benzene contract price have been confirmed at $900/m.t., up $170/m.t. over the April contract price, confirming Europe’s position as the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Europe-May-benzene-contract-settles-$170-higher_70020.html
April 30, 2015
The May US benzene contract settled on Thursday at an increase for May over the April settlement, in line with market expectations. The May contract, which represented the third...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-benzene-contract-moves-up-third-straight-month_70002.html
April 30, 2015
Methanex reports first-quarter net income of $9 million, down 94% year-over-year (YOY) from $145 million. Sales totaled $577 million, down 40% YOY from $968 million. Adjusted earnings of 23 cts/share fell short of the analysts’ consensus estimate of 40 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-down-on-pricing-and-volume-miss-estimates_69998.html
April 30, 2015
Phosphate fertilizers producer PhosAgro (Moscow) has reported a 57% rise in full-year 2014 Ebitda, to 37.6 billion Russian rubles ($979 million), compared with 2013. Revenues were up...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgros-2014-Ebitda-revenues-rise_69973.html
April 30, 2015
Westlake Chemical Partners (Westlake Partners; Houston) has acquired approximately 2.7% of additional limited partner interest in Westlake Chemical OpCo (OpCo) for approximately $135...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Partners-increases-interest-in-cracker-pipeline-affiliate-establishes-credit-facility_69970.html
April 30, 2015
Tessenderlo Kerley International, a Tessenderlo Group (Brussels) subsidiary, plans to build an ammonium thiosulfate plant at Borealis's Grand Quevilly nitrogen fertilizer complex at...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Tessenderlo-to-build-liquid-fertilizer-plant-at-Borealis-site-in-France_69969.html
April 30, 2015
Asia’s benzene and styrene spot prices fell 4% and 1–2%, respectively, on Thursday when compared with price assessments on Friday last week, while other aromatics remained...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Asias-benzene-and-styrene-prices-fall-1-4-percent-on-week-while-other-aromatics-stay-firm_69964.html
April 30, 2015
LyondellBasell told analysts at an investor meeting in New York on 29 April that announced expansion projects have the potential add $1.5 billion in incremental earnings before interest, taxes, depreciation and amortization (Ebitda) once completed in 2019 based on current market economics....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-says-projects-will-add-$1-5-billion-in-Ebitda-by-2019_69986.html
April 30, 2015
EuroChem (Zug, Switzerland), a leading producer of fertilizers and fertilizer raw materials, today unveiled a new project to invest in a phosphate ore processing facility at Kovdor, on...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/EuroChem-launches-new-phosphate-raw-material-project-outlines-strategy_69883.html
April 29, 2015
Propylene stocks firmed in the United States during the week ended 24 April, according to data released by the Energy Information Administration today. Nonfuel use propylene stocks...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Propylene-stocks-increase-in-US_69933.html
April 29, 2015
The No. 2 steam cracker of Total's Antwerp olefins subsidiary is still not running, the company has confirmed. Force majeure has been declared for all major products, the company...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-confirms-Antwerp-cracker-not-running-declares-force-majeure-across-all-major-products_69928.html
April 29, 2015
Mitsubishi Chemical will shut its phenol plant at Kashima, Japan, in June for a scheduled maintenance program lasting about a month, the company says. The plant has a production...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Mitsubishi-Chemical-to-shut-phenol-plant-in-June-for-maintenance_69911.html
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