IHS Chemical Week

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July 29, 2016
Chevron Phillips Chemical earnings fell 36% YOY on lower olefin and polymer margins. Photo: Phillips 66 Phillips 66 says that second-quarter earnings in its chemical segment...
July 29, 2016
Asia's August para-xylene (p-xylene) contract price (ACP) has settled at $775 per metric ton cfr, down from $800 per metric ton in July, sources close to the negotiating process say...
July 29, 2016
Heavy naphtha cracker turnaround schedules and unplanned outages steepened the physical Asia naphtha spot-price contango to minus $10 per metric ton on 28 July. This is the widest...
July 29, 2016
Shell Chemicals has shut its 1-million metric tons per year steam cracker at Pulau Bukom, Singapore, again today due to a technical glitch, IHS Markit understands. The Bukom cracker...
July 28, 2016
Westlake Chemical Corporation (Houston) says in its quarterly earnings release that it has completed a turnaround and 250-million pound/year (113,000 metric tons/year) ethylene expansion at its Petro 1 facility in Lake Charles, Louisiana, which is currently being restarted. The facility's return to the market should help improve ethylene supply in the US, which has been tightened by a lengthy turnaround season, say IHS analysts....
July 28, 2016
Westlake Chemical Corporation (Houston) reports second-quarter net income of $111 million, down 46% year-over-year (YOY) on costs related to outages and on lower sales prices. Sales totaled $1.086 billion, down 8% YOY. Earnings of $0.85/share missed the average analyst estimate of $0.97/share as compiled by Thomson Reuters (New York)....
July 28, 2016
PotashCorp (Saskatoon, Saskatchewan) says cautious buying in Asia and weak pricing took a toll on second-quarter results. The company reports net income for the second quarter of $121 million, down 71% year-over-year (YOY) on sales of $1.053 billion, down 39.2% YOY. Adjusted earnings of $0.18/share equaled the average analyst estimate as compiled by Thomson Reuters (New York)....
July 28, 2016
A recent rise in benzene spot prices in Europe has added an unexpected perspective for August pricing. Next month’s contract price is now expected to increase significantly, by...
July 28, 2016
Celanese Corporation (Dallas) says it has ceased production, storage, and distribution of monomethylamine at its acetyl intermediates facility in Cangrejera, Mexico....
July 28, 2016
Methanex (Vancouver) has reported a second-quarter net loss of C$3 million, up from a net loss of C$104 million in the year-ago period. Revenue totaled C$468 million, down 26.6% year-over-year (YOY). An adjusted loss of C$0.34/share missed the average analyst estimated loss of C$0.25/share as compiled by Thomson Reuters (New York)....
July 28, 2016
Uralchem Group (Moscow), one of the largest nitrogen and phosphate fertilizer producers in Russia and the CIS, today reported production data for the first six months with total output...
July 27, 2016
The restart of Dow Chemical’s 750,000 metric ton per year propane dehydrogenation (PDH) unit in Freeport, Texas, is likely to keep propylene inventory from falling. The company...
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