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May 12, 2015
Arab Potash Co. (APC; Amman) has signed sales contracts worth an estimated $170–190 million with its partners in India. The contracts cover APC supplying India with more...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Arab-Potash-to-supply-potash-to-India_70332.html
May 12, 2015
Flint Hills Resources said in a maintenance filing with state regulators yesterday that a high-pressure leak had been discovered in the steam cracker at the company's Port Arthur, TX...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Flint-Hills-to-idle-Port-Arthur-cracker-due-to-leak_70356.html
May 12, 2015
Boardwalk Pipeline Partners (Houston) said today that its Evangeline ethylene pipeline could be placed back into service as early as mid-June, should its recent tool runs and repairs...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Boardwalk-says-Evangeline-pipeline-may-be-back-in-service-by-mid-June_70341.html
May 12, 2015
Olefins and derivatives producer TVK (Tiszaújváros, Hungary) says it achieved sales in first-quarter 2015 of 88.9 billion forint ($325.4 million), down 12% year-on-year...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/butadiene/TVK-sales-fall-on-lower-prices-but-profits-leap_70333.html
May 12, 2015
K+S Group (Kassel, Germany) reports a 40% increase in first-quarter adjusted net income from continuing operations, compared with the corresponding period of last year, to €198...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/K+S-beats-estimates-forecasts-higher-profit-sales_70342.html
May 12, 2015
Sabic Europe has restarted cyclohexane production at its 195,000-m.t./year unit at Teeside, UK after just over one week offline with technical difficulties. Meanwhile, there is...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/Sabic-restarts-cyclohexane-production-Cepsa-declares-force-majeure-on-phenol_70338.html
May 12, 2015
Sinopec Yangzi Petrochemical says that it is carrying out urgent repairs on its ethylene oxide (EO) and ethylene glycol (EG) production units at Nanjing, China. The company was...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene_glycol/Sinopec-Yangzi-carries-out-emergency-repairs-to-EO-EG-units-aims-for-early-restart_70316.html
May 12, 2015
Rentech Nitrogen Partners reports net income for the first quarter of $9.0 million, an almost three-fold increase year-over-year (YOY). Revenue increased 23% YOY, to $69.2 million. Earnings per share of 23 cents beat analysts’ consensus estimate of 22 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Rentech-Nitrogen-almost-triples-earnings-on-strong-demand-low-gas-prices_70315.html
May 11, 2015
Europe's May styrene customer reference price (CRP) has been agreed at €1,398/m.t. ($1,559). This figure is up €20 from the April settlement of €1,378/m.t. The May...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Europes-May-styrene-CRP-settles-higher_70299.html
May 11, 2015
OCI Partners (Nederland, TX) reports a steep year-over-year (YOY) decline in first-quarter income and sales, the result of a maintenance turnaround and upgrade that took the company’s integrated methanol and ammonia production facility offline from February through mid-April. Net income for the quarter totaled $900,000, down 97% YOY from $29 million. Revenue fell 62% YOY, to 32 million....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-first-quarter-income-down-on-turnaround-beats-estimates_70301.html
May 11, 2015
A meeting between Alexander Lukashenko, president of Belarus; and Chinese president Xi Jinping in Minsk yesterday resulted in agreements extending loans worth $1 billion to banks in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Belarus-China-agree-on-loans-potash-deliveries_70283.html
May 11, 2015
Sirius Minerals (London) plans to raise around $1 billion to build its UK potash mine if it receives planning permission from the North York Moors National Park Planning Authority in...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Sirius-expects-decision-on-potash-plan-next-month-looking-to-raise-funds_70284.html
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
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