IHS Chemical Week

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April 29, 2015
The European benzene contract price is expected to move up in May with strength in the domestic spot market propelling the May market above $900 per m.t. cif...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/adipic_acid/European-benzene-contract-price-set-to-increase-by-at-least-$160_69895.html
April 29, 2015
With the US May benzene contract settlement expected to move higher later this week, market participants have not ruled out the possibility of another split settlement. The US benzene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Sources-not-ruling-out-split-settlement-for-US-benzene-benzene-contract_69893.html
April 28, 2015
Olin reports first-quarter net income of $13.1 million, down 56% year-over-year (YOY) from $29.5 million. Sales fell 10% YOY to $518.0 million. The results included $10.4 million in costs related to the acquisition of Dow Chemical's chlor-alkali and downstream derivatives businesses, mark-to-market adjustments on stock-based compensation expense of $6.9 million, and pretax restructuring charges of $1.2 million....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/chloralkali/Olin-earnings-down-56-percent-YOY_69888.html
April 28, 2015
ENI's (Rome) petrochemical subsidiary, Versalis's (Milan) benzene-toluene-xylenes (BTX) unit at Priolo, Italy, is to undergo a planned turnaround starting 30 April and is scheduled to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Versaliss-Priolo-aromatics-unit-to-undergo-planned-turnaround_69890.html
April 28, 2015
As planned, Lotte Chemical (Seoul) began adjusting feedstocks for its steam crackers at Yeosu and Daesan, South Korea, today, a source close to the company says. The Yeosu cracker will...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Lotte-begins-adjusting-feedstocks-for-crackers_69873.html
April 28, 2015
Lotte Chemical (Seoul) is operating its styrene plant at Daesan, South Korea, at about 100% of capacity after it completed a planned maintenance program earlier this month, a source...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Lotte-runs-styrene-plant-at-full-capacity-after-maintenance_69870.html
April 27, 2015
Fertilizer major EuroChem (Zug, Switzerland) today announced the selection of a site at St. John the Baptist Parish for its contemplated Louisiana natural gas-based fertilizer plant...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/EuroChem-selects-site-in-Louisiana-for-ammonia-urea-manufacturing-complex_69861.html
April 27, 2015
Shell Chemicals has completed the front-end engineering design (FEED) study on its previously announced ethane cracker at Monaca, PA, and is expected to make a final investment...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shell-completes-FEED-on-US-cracker-encouraged-by-progress-in-Iraq_69834.html
April 27, 2015
The board of Uralkali (Berezniki, Russia) has approved a share buyback program under which the company will purchase up to 468.75 million of its own shares—representing 15.97% of...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Uralkali-approves-share-buyback-program_69833.html
April 27, 2015
Williams Partners says a failed transformer has prevented its expanded Geismar, LA, olefins plant from running at the new full capacity, 1.95 billion lbs/year, but the issue will be corrected in June. The company expects the plant to run at its preexpansion capacity of 1.35 billion lbs/year through May....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-Geismar-ethylene-running-well-to-reach-full-production-in-June_69838.html
April 27, 2015
China’s imports of aromatics were mostly higher in March versus February amid market concerns of tight supplies, falling inventories, and plant turnarounds, the latest statistics...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/China-imports-more-aromatics-in-March-amid-tight-supply-lower-inventories-plant-turnarounds_69824.html
April 24, 2015
Styrene spot prices are starting to cool in Europe with the arrival of long-awaited imports. But the possibility of increased contract prices for May has not yet moved down the agenda...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Europe-styrene-spot-prices-start-to-cool-but-contract-hike-expected_69808.html
April 24, 2015
South Korea’s benzene exports to China will exceed 95,000 m.t. for a fourth consecutive month amid firm domestic demand, data obtained by IHS Chemical show. About 95,000 m.t. of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/South-Koreas-benzene-exports-to-China-will-exceed-95000-m-t-in-April-for-fourth-straight-month_69798.html
April 24, 2015
Yara International (Oslo) today reported its first-quarter results, with higher deliveries and improved margins reflecting lower gas costs and a stronger US dollar. "Ammonia and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Yara-hit-by-one-off-charges-despite-big-improvement-in-underlying-results_69797.html
April 24, 2015
Potash development company Sirius (London) on Thursday received planning permission from Redcar and Cleveland Borough Council (RCBC) in the United Kingdom to go ahead with its...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sirius-receives-first-planning-permission-for-UK-potash-project_69796.html
April 24, 2015
Borealis began a planned maintenance shutdown today at the company's phenol-acetone unit at Porvoo, Finland, Borealis has confirmed. The turnaround is expected to last until 3 June...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Borealis-begins-planned-maintenance-at-phenol-acetone-unit-in-Finland_69801.html
April 24, 2015
Benzene spot prices have hit the $3.00/gallon mark in the United States for the first time in 2015, following a jump in NYMEX WTI crude futures. The jump also comes alongside stronger...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Benzene-hits-$3-00gal-in-US-on-stronger-demand-rising-crude_69718.html
April 24, 2015
LyondellBasell Industries could soon idle its metathesis unit at Channelview, TX, amid declining propylene prices, according to IHS Chemical analysts. The metathesis process consumes...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/LyondellBasell-may-idle-metathesis-unit-as-propylene-prices-decline_69717.html
April 23, 2015
Europe's ethylene supply has tightened more than anticipated, impacted by a series of unplanned, prolonged outages during what is usually turnaround season. With over 10% of capacity...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Prolonged-outages-continue-to-tighten-Europes-ethylene-supply_69719.html
April 23, 2015
India has extended antidumping duties on acetone imports from Japan and Thailand by one year, the Ministry of Finance (New Delhi) says. The tariffs will remain in force until 8 April...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/India-extends-dumping-duties-on-acetone-from-Japan-Thailand-by-one-year_69705.html
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