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May 11, 2015
Borouge (Abu Dhabi), a 60-40 joint venture between Abu Dhabi National Oil Co. and Borealis (Vienna), has brought onstream all five polyolefin plants, which form part of Borouge 3...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Borouge-ramping-up-ponders-next-phase-under-2030-strategy_70242.html
May 11, 2015
IHS Chemical analysts said on Friday that although Asian mixed-xylenes (MX) prices are not high enough to open the arbitrage on paper, an import fixture of at least 5,000 m.t. was...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/mixedxylenes/AsiaUS-mixed-xylenes-arbitrage-closed-despite-recent-fixtures_70263.html
May 11, 2015
Kronos reports net income for the first quarter of $18.4 million, up 29% year-over-year (YOY) from $14.3 million. Net sales fell 13% YOY, to $365.1 million. Adjusted earnings per share of 17 cents met analysts’ consensus estimate as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Kronos-first-quarter-income-up_70265.html
May 11, 2015
Chandra Asri (Jakarta) plans to start a scheduled maintenance cum expansion program in August for its steam cracker at Cilegon, Indonesia, lasting about 90 days, a source close to the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Chandra-Asri-plans-to-start-cracker-expansion-program-in-August_70279.html
May 11, 2015
Recent volatility in crude prices has affected the global petrochemical industry in a variety of ways. A panel of IHS Chemical and Energy experts at the Asia Petrochemical Industry Conference held in Seoul have looked at its implications for the industry....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/APIC-2015-Implications-of-crudes-deflation-on-chemical-industry_70195.html
May 10, 2015
Canpotex (Saskatoon, SK), the potash export cartel representing Agrium, Mosaic, and PotashCorp, said on Friday that it has finalized annual potash supply contracts, totaling...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Canpotex-signs-potash-supply-agreement-with-Indian-customers_70274.html
May 8, 2015
Tronox reports a net loss for the first quarter of $46 million, improved from a loss of $54 million in the year-ago period. Net sales fell 7.9% YOY to $385 million. Adjusted earnings, a loss of 44 cts/share, fell well short of the analysts’ consensus estimate of a 19 cts/share loss as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/titanium_dioxide/Tronox-reports-loss-of-$46-million-misses-estimates_70264.html
May 8, 2015
Sabic expects to know early next week when it will be able to restart production at its 195,000-m.t./year cyclohexane facility at Teeside, UK. The unit came off-line on 26 April with...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/cyclohexane/Sabic-confirms-force-majeure-on-cyclohexane-at-Wilton-UK_70257.html
May 8, 2015
Braskem said on Thursday that is considering plans to reduce fixed costs R$300-R$400 million/year ($100-$133 million/year)through operating efficiency gains and cost reductions. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-to-cut-more-than-$100-million-in-spending_70228.html
May 8, 2015
LSB Industries reports first-quarter net income of $6.3 million, down 44% year-over-year (YOY). Sales totaled $193.9 million, up 8.6% YOY. Earnings of 28 cts/share fell short of the analysts’ consensus estimate of 42 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/LSB-misses-first-quarter-estimates-reports-gains-in-chemical-business_70260.html
May 8, 2015
CF Industries reports first-quarter net income of $231 million, down 67% year-over-year (YOY). Net sales declined 16% YOY to $954 million on cold weather and lower prices. Earnings of $4.79/share beat the analysts’ consensus estimate of $4.57/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/CF-beats-estimates-with-first-quarter-net-income-of-$231-million_70262.html
May 8, 2015
Mitsui Chemicals plans to shut its phenol plant at Osaka from 29 June until 5 August to conduct a planned maintenance program, the company says. The plant has a design capacity of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Mitsui-Chemicals-to-shut-phenol-plant-at-Osaka-end-June-for-maintenance_70238.html
May 8, 2015
Market sources have said this week that competitive propane and butane steam cracking economics and high propylene inventory levels opposite strengthening crude oil prices were leading...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Mixed-fundamentals-a-factor-ahead-of-May-propylene-contract-settlement_70193.html
May 8, 2015
Dow Chemical's Taft, LA, no. 1 ethylene unit is expected to come back online by next week, according to market participants. The no.1 ethylene unit went down in late March for planned...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Dows-Louisiana-ethylene-unit-still-set-for-early-May-restart_70192.html
May 8, 2015
The no. 2 steam cracker of Total's Antwerp olefins subsidiary has restarted, the company has confirmed. The no. 2 Antwerp cracker had a leak on 25 April as a result of a mechanical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-confirms-restart-of-Antwerp-NC2-cracker_70181.html
May 7, 2015
Indian Oil Corp. on Wednesday said it has commissioned a propylene recovery unit at its Mathura refinery. The facility, which is designed to produce 165,000 m.t./year of 99.7% pure...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Indian-Oil-commissions-propylene-recovery-unit_70152.html
May 6, 2015
Solvay reports adjusted net income of €173 million ($196.4 million), up 44% year-on-year (YOY) in the first quarter of 2015. Recurring Ebitda (Rebitda) was €502 million, up...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/cumene/Solvays-first-quarter-net-income-up-44-percent-YOY_70116.html
May 6, 2015
The April US ethylene net transaction contract will go unsettled, according to market participants on Wednesday. Producers were seeking a rollover from the March contract price of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-ethylene-contract-to-go-unsettled-for-April_70129.html
May 6, 2015
US propylene stocks firmed during the week that ended on May 1st, according to data released by the Energy Information Administration (EIA) on Wednesday. Non-fuel use propylene stocks...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-stocks-up-for-second-consecutive-week_70122.html
May 6, 2015
A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/PTTGC-outlines-Ohio-Indonesian-petchem-projects_70118.html
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