IHS Chemical Week

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January 13, 2015
Gazprom neftekhim Salavat (Salavat, Russia) has achieved higher utilization rates at its Salavat-based ethylene complex. The company for the first time produced 1,008 m.t./day of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Russian-petchem-producer-raises-ethylene-capacity-utilization-rate_66782.html
January 13, 2015
Styrene consumers in Europe may seek to increase their spot purchases at the expense of contract volumes during 2015 because the spread between contract and spot prices widened during...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrene-spot-purchases-could-increase-in-Europe-during-2015_66795.html
January 13, 2015
Spot aromatics prices fell in Asia for a second day running today. Offers dropped below late yesterday's bids as crude futures stood at lows of more than five-and-a-half years. This...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Aromatics-markets-continue-to-sink-in-Asia-as-weak-crude-leads-to-offer-cuts_66777.html
January 12, 2015
Sirius Minerals (London), which is developing a large chlorine-free potash project in the United Kingdom, today announced its first take-or-pay offtake agreement in the animal feed...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sirius-Minerals-signs-its-first-animal-feed-offtake-deal_66746.html
January 12, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) launched its Potash for Growth program in Ethiopia today. The program is designed to promote balanced fertilization among Ethiopia's small and...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/ICL-launches-program-to-promote-fertilizer-use-in-Ethiopia_66742.html
January 12, 2015
Spot prices for aromatics fell again in Asia today, threatening to dip below the 67–70-month weekly lows recorded last week, as volatile Brent crude futures fell below $49/bbl in...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Asia-aromatics-prices-threaten-to-outstrip-70-month-lows-as-crude-falls-again_66737.html
January 9, 2015
The styrene-over-benzene spread dipped below $200/m.t. in the European market on 7 January and today for only the second time since September 2014. Falling energy numbers have been...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Europes-styrene-benzene-spread-dips-below-$200m-t-_66712.html
January 9, 2015
Two surprises greeted US Gulf Coast ethylene buyers returning from New Year’s holidays this week: a maintenance shutdown at CPChem’s Cedar Bayou complex in Baytown, TX; and unconfirmed reports of operational issues on Boardwalk’s Evangeline ethylene pipeline. The market took the news from CPChem in its stride, but spot prices fell sharply on rumors about the pipeline....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/New-Years-surprises-for-US-Gulf-ethylene-market_66717.html
January 9, 2015
Sabic's European regional subsidiary is encountering "system issues," and the company does not yet know when these issues will be fully resolved and when business will be...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Sabic-Europe-encounters-system-issues-at-Europe-production-sites_66716.html
January 9, 2015
Chandra Asri (Jakarta) is operating its naphtha cracker and butadiene extraction unit at Cilegon, Indonesia, at reduced rates, after the cracker was restarted on 29 December...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/Chandra-Asri-runs-cracker-butadiene-plant-at-reduced-rates-after-restart_66705.html
January 8, 2015
Production of olefins increased in Western Europe in the first nine months of 2014 compared with the same period of the previous year, and third-quarter production was up year-on-year...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/Third-quarter-olefin-production-rises-in-Western-Europe_66647.html
January 8, 2015
Cepsa (Madrid) has lifted force majeure on the supply of cumene and phenol from the company's Huelva, Spain, production complex, a company source confirmed today.  Force...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/cumene/Cepsa-lifts-cumene-phenol-force-majeure-at-Huelva_66646.html
January 7, 2015
Europe's toluene contract price for January has been settled at a more than five-and-a-half year low as aromatics markets continue to adjust to a changed upstream environment...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/toluene/Europes-January-toluene-contract-settled-at-five-year-low_66618.html
January 7, 2015
Jacobs Engineering says that it has received a contract for basic and detailed engineering services to upgrade BP's purified terephthalic acid (PTA) production facilities at Geel...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Jacobs-awarded-contract-to-upgrade-BPs-PTA-plants-in-Belgium_66612.html
January 7, 2015
Formosa Petrochemical Corp. (FPC) plans to shut its No. 1 cracker at Mailiao, Taiwan, over June and July to carry out a scheduled maintenance program, a source close to the company...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Formosa-Petrochemical-plans-mid-2015-turnaround-at-No-1-cracker_66610.html
January 6, 2015
Benzene contracts for January were settled in the United States last week at $2.20/gal ($658/m.t.), a steep, 35% decline from December’s $3.37/gal and the lowest value in more than five years, according to data from IHS Chemical....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Benzene-contracts-settle-in-US-at-five-year-low_66579.html
January 6, 2015
The European Commission says that Slovakia’s intention to provide Duslo (Sal'a, Slovakia) with aid to the value of €58.0 million ($69.1 million) to modernize an ammonia...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/European-Commission-approves-Slovakia-plan-for-$69-million-in-aid-to-modernize-ammonia-plant_66574.html
January 6, 2015
Yeochun NCC (YNCC; Seoul) has been feeding 10% liquefied petroleum gas (LPG) into the company's No. 1 naphtha cracker at Yeosu, South Korea, since 1 January, a source close to the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Yeochun-NCCs-No-1-cracker-starts-using-10-percent-LPG_66570.html
January 5, 2015
An arbitrage on benzene, which had opened up between the United States and Europe during the holiday period, closed rapidly today as traders returned to the market in bearish mood...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-Europe-benzene-arbitrage-window-shuts_66554.html
January 5, 2015
National Petrochemical Industrial Co. (NatPet; Yanbu, Saudi Arabia) will shut its propylene and polypropylene (PP) complex at Yanbu on 25 January for scheduled maintenance, the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/NatPet-to-shut-PP-complex-this-month-for-maintenance_66529.html
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