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Displaying 61 - 80 of 205 stories.
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
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 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 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
December 31, 2014
Asian aromatics prices have lost much of their value in 2014, falling toward the end of December to about half of their levels one year ago, IHS Chemical data show. Prices have fallen...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Aromatics-prices-have-fallen-by-half-in-Asia-during-2014_66509.html
December 30, 2014
Versalis, the chemicals subsidiary of ENI (Rome), says that it has signed a firm agreement for the previously announced divestment of some of the company's petrochemical production...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Versalis-signs-agreement-to-divest-petchem-assets-at-Sarroch-to-refining-firm_66495.html
December 23, 2014
Jurong Aromatics Corp. (JAC, Singapore) has shut its petrochemical plant on Jurong Island, Singapore, about 22 December for maintenance and modification, the company said Tuesday. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Jurong-Aromatics-shuts-plant-for-maintenance-work_66411.html
December 17, 2014
Toluene disproportionation (TDP) and selective TDP (STDP) units are likely to be the first casualties of the recent collapse of the benzene price, in the United States and worldwide...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Toluene-disproportionation-operating-rates-in-US-are-the-first-to-be-slowed-by-collapse-of-benzene-prices_66245.html
December 12, 2014
LyondellBasell Industries has begun to ramp up operating rates at its Maasvlakte, Netherlands, propylene oxide–styrene monomer (POSM) unit today after a resolution for...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/LyondellBasell-lifts-force-majeure-on-benzene-at-Netherlands-site_66149.html
December 10, 2014
Benzene prices fell below $800/m.t. cif Amsterdam-Rotterdam-Antwerp (ARA) on 9 December, trading at $770-780/m.t., and benzene was notionally pegged at $740-765/m.t. today—the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Benzene-reaches-five-year-low-in-Europe-on-continued-crude-weakness-oversupply_66066.html
December 8, 2014
Jurong Aromatics Corp. (JAC; Singapore) plans to shut down its plant at Jurong Island, Singapore, on 22 December for maintenance, industry sources say. The maintenance results from...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Jurong-Aromatics-plans-maintenance-shutdown-this-month_65963.html
December 4, 2014
GTC Technology (Houston) has signed an agreement with Shandong Sincier Chemical Group (SSCG) to provide GTC's technology for a 280,000-m.t./year toluene alkylation unit at a new...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/GTC-Technology-to-license-toluene-alkylation-technology-to-Chinese-refiner_65837.html
December 3, 2014
Thailand will lower the price of benzene and of diesel fuels but raise the price of liquefied petroleum gas (LPG), according to a report by the National News Bureau of Thailand. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Report-Thailand-cuts-price-of-benzene-fuels-on-lower-price-for-crude-oil_65805.html
December 1, 2014
Rosneft (Moscow) says it has agreed to acquire Total's 16.67% stake in refinery and petrochemicals company PCK Raffinerie (Schwedt, Germany). The deal was signed in Sochi, Russia by...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Rosneft-to-buy-Totals-stake-in-refinery-aromatics-complex-in-Germany_65760.html
November 13, 2014
Samsung Total Petrochemicals, a 50-50 joint venture between Samsung and Total, has inaugurated an aromatics expansion at the jv's plant at Daesan, South Korea. The won1.66-trillion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Samsung-Total-inaugurates-p-xylene-expansion-in-Korea_65361.html
November 3, 2014
Several petrochemical plants and refineries in the United States will complete scheduled turnarounds over the next few weeks, and the additional production will enter an already...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-plant-turnarounds-end-amid-long-supplies-declining-prices_65057.html
November 3, 2014
Ethylene production in the United States totaled 13.7 billion lbs in the third quarter, up 3% from 13.3 billion lbs in the prior quarter, according to the latest production figures...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/AFPM-US-production-of-ethylene-fell-YOY-in-third-quarter_65055.html
October 31, 2014
PDVSA (Caracas) and Hess Corp. (New York) have reached a tentative agreement to sell their 355,000- bbl/day Hovensa refinery at Saint Croix, US Virgin Islands, to Atlantic Basin...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/PDVSA-Hess-agree-to-sell-refinery-petchems-site-in-US-Virgin-Islands_65030.html
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