IHS Chemical Week

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January 29, 2016
The US February benzene contract settled at $1.84-1.85/gallon today, down 27-28 cents/gal from the previous month on the back of continued weakness in energy futures. The decline was in line with expectations, following an overall decline in benzene spot prices through January. Prompt benzene spot prices yesterday were at $1.84-1.86/gal, down from $2.08-2.10/gal at the start of the month....
http://www.chemweek.com/regions/north_america/us/Benzene-contract-drops-in-US-for-second-straight-month_76822.html
January 29, 2016
Praxair has reported fourth-quarter 2015 net income of $422 million, up 40% year-on-year (YOY), on sales down 13%, to $2.60 billion. The declines were due to negative currency impacts...
http://www.chemweek.com/regions/north_america/us/Praxair-matches-estimates-as-volumes-decline-on-weak-end-markets_76817.html
January 29, 2016
Air Products reports fiscal first-quarter 2016 net income up 9.3% year-on-year (YOY), to $372 million, while sales fell 8% YOY, to $2.4 billion, primarily because of unfavorable...
http://www.chemweek.com/regions/north_america/us/Air-Products-income-up-sales-down_76816.html
January 29, 2016
Westlake Chemical’s (Houston) $2.9-billion bid for Axiall (Atlanta) is low, says analyst Hassan Ahmed of Alembic Global Advisors (New York). Although the $20/share offer represents a premium over 100%, Axiall has been deeply undervalued by the stock market, Ahmed says....
http://www.chemweek.com/regions/north_america/us/Westlakes-initial-offer-for-Axiall-a-low-ball-bid-Alembic-says_76815.html
January 29, 2016

Westlake Chemical (Houston) says its $2.9-billion bid to acquire Axiall (Atlanta) has been “summarily rejected” by the Axiall board of directors. The combination would create North America’s second-largest producer of polyvinyl chloride, with 23% of the market’s 8.9 million m.t./year of production capacity. 

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http://www.chemweek.com/regions/north_america/us/Axiall-board-rejects-Westlakes-$2-9-billion-bid_76811.html
January 29, 2016
Eastman Chemical reports net earnings for the fourth quarter of $125 million, up from $17 million in the year-ago period, on sales of $2.225 million, down 5% year-over-year (YOY). Adjusted earnings per share of $1.59 declined 3% YOY, but beat the average analyst estimate of $1.55 as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Eastman-fourth-quarter-earnings-beat-estimates_76772.html
January 28, 2016
US aromatics spot prices on Wednesday saw little movement as domestic crude inventory rose to its highest level on record, and NYMEX WTI crude futures firmed. US crude and gasoline inventory were both higher for the week that ended on 22 January, according to data released by the Energy Information Administration (EIA) earlier in the day....
http://www.chemweek.com/regions/north_america/us/Little-reaction-in-US-aromatics-as-crude-and-gasoline-inventories-firm_76733.html
January 28, 2016
Airgas reports fiscal third-quarter net income down 20% year-on-year (YOY), to $73.9 million, on net sales down slightly at 2.7%, to $1.3 billion YOY, reflecting the challenging...
http://www.chemweek.com/regions/north_america/us/Airgas-income-sales-down-on-challenging-industrial-economy_76744.html
January 28, 2016
Cabot Microelectronics today reported fiscal first-quarter net income down 9.6% year-on-year (YOY), to $11.3 million, on sales that were roughly flat YOY, at $100.4 million. Continued...
http://www.chemweek.com/regions/north_america/us/Cabot-Micro-beats-estimates-despite-lower-volumes_76737.html
January 28, 2016
Sherwin-Williams (SW) today reported fourth quarter net income up 49.2% year-on-year (YOY), to $198.0 million, as architectural paint volumes rose and costs declined, offsetting...
http://www.chemweek.com/regions/north_america/us/Sherwin-Williams-beats-estimates-on-lower-costs-higher-volumes_76728.html
January 28, 2016
The Environmental Protection Agency has recently registered BASF’s Systiva XS seed treatment fungicide, which helps US sugar beet growers prevent certain soilborne diseases. The...
http://www.chemweek.com/regions/north_america/us/EPA-approves-BASFs-seed-treatment-fungicide_76725.html
January 27, 2016
US nonfuel-use propylene inventory increased 3% during the week ended 22 January, according to data the Energy Information Administration released on Wednesday. The gain is the first time in four weeks that the inventory has moved significantly....
http://www.chemweek.com/regions/north_america/us/US-propylene-stocks-make-first-gain-of-2016_76705.html
January 27, 2016
Ascend Performance Materials (Houston) announced Wednesday that it will focus on direct-to-market sales of its dimethyl ester (DME) products, ending its relationship with its largest...
http://www.chemweek.com/regions/north_america/us/Ascend-ends-relationship-with-DME-distributor-focuses-on-in-house-sales_76703.html
January 27, 2016
Merck KGaA (Darmstadt, Germany) has announced two appointments in its biopharma business. Gary Zieziula leads Merck’s biopharma business in North America, and Marc Horn will...
http://www.chemweek.com/regions/north_america/us/Merck-announces-biopharma-personnel-changes_76701.html
January 27, 2016
The US chemical industry is expected to feel the impact of slow global growth, low commodity prices and the strong dollar, according to a new report by Moody’s Investors Service...
http://www.chemweek.com/regions/north_america/us/Moodys-Macro-trends-a-problem-for-parts-of-US-chemical-industry_76706.html
January 27, 2016
Univation Technologies, a Dow Chemical subsidiary; and Linde’s engineering division announced on Wednesday that they will cooperatively provide performance and cost efficiencies...
http://www.chemweek.com/regions/north_america/us/Univation-and-Linde-to-cooperate-on-PE-and-cracker-integration_76700.html
January 27, 2016
The research and engineering arm of ExxonMobil has signed an agreement with Renewable Energy Group's (REG; Ames, IA) life sciences subsidiary to study producing biodiesel by fermenting...
http://www.chemweek.com/regions/north_america/us/ExxonMobil-REG-to-research-biodiesel-from-cellulosic-sugars_76697.html
January 26, 2016
US January propylene contracts settled lower on Tuesday, coming on the back of bearish market sentiment and stable inventories. The decline, the first in three months, was in line with weaker spot prices this week....
http://www.chemweek.com/regions/north_america/us/US-propylene-contracts-drop-for-the-first-time-in-three-months_76694.html
January 26, 2016
The US February benzene contract is expected to settle by Friday at a second consecutive monthly decline, mainly on continued weakness in energy futures, according to market participants. A decline would parallel the extended downward trend in benzene spot prices....
http://www.chemweek.com/regions/north_america/us/US-benzene-contract-expected-to-decline-for-second-straight-month_76692.html
January 26, 2016
3M reports fiscal fourth-quarter 2015 net income down 14% year-on-year (YOY), to $1.03 billion, on sales down 5.7%, to $7.3 billion YOY. Adjusted earnings fell 9% YOY, to $1.66/share...
http://www.chemweek.com/regions/north_america/us/3M-beats-estimates-despite-lower-sales_76684.html
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