IHS Chemical Week

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January 28, 2015
Songwon Industrial (Ulsan, South Korea) says that it has entered into a long-term, exclusive agreement with Kumho Petrochemical (Seoul) for cooperation in sales, marketing and...
http://www.chemweek.com/regions/north_asia/korea/Kumho-and-Songwon-form-marketing-alliance_67257.html
January 27, 2015
Toray Industries says that it will expand the production capacity for low-melt polyester staple fiber at the Gumi, South Korea, production site of Toray Chemical Korea. The...
http://www.chemweek.com/regions/north_asia/korea/Toray-to-expand-polyester-staple-fiber-production-in-South-Korea_67235.html
January 27, 2015
Lotte Chemical (Seoul) restarted its butadiene extraction unit at Daesan, South Korea, today, after completing repairs, a source close to the company says. The 150,000-m.t./year...
http://www.chemweek.com/regions/north_asia/korea/Lotte-restarts-butadiene-unit_67228.html
January 26, 2015
LG Chem reports net profits declined 38% in the fourth quarter of 2014 compared with the year-ago period, to 109.4 billion South Korean won ($101.0 million). Fourth-quarter...
http://www.chemweek.com/regions/north_asia/korea/LG-Chem-reports-falls-in-profits-sales_67200.html
January 26, 2015
Kumho Petrochemical (Seoul) plans to review the reduced production rates of its synthetic rubber plants at Yeosu and Ulsan, South Korea, over February, a source close to the...
http://www.chemweek.com/regions/north_asia/korea/Kumho-to-review-synthetic-rubber-production-rates-in-February_67195.html
January 23, 2015
South Korea's benzene exports to China have increased in January on month-on-month and year-on-year (YOY) bases, data obtained by IHS Chemical show. Volatile crude oil futures have put...
http://www.chemweek.com/regions/north_asia/korea/South-Koreas-benzene-exports-to-China-rise-amid-crude-volatility_67165.html
January 22, 2015
Kumho Petrochemical (Seoul) plans to shut its synthetic rubber plants at Yeosu and Ulsan, South Korea in October for annual maintenance, a source close to the company said today. The...
http://www.chemweek.com/regions/north_asia/korea/Kumho-Petrochemical-plans-to-shut-rubber-units-in-October-for-maintenance_67069.html
January 16, 2015
South Korea's benzene exports surged 35% in 2014 versus 2013 as new aromatics plants started operations, Korea Customs Service statistics show. About 1.88 million m.t. was exported...
http://www.chemweek.com/regions/north_asia/korea/South-Koreas-2014-benzene-exports-surged-35-percent-on-plant-start-ups_66925.html
January 16, 2015
Lotte Chemical (Seoul) plans to shut its Daesan, South Korea, butadiene extraction unit for seven days in late January because of a technical hitch, a source close to the company said...
http://www.chemweek.com/regions/north_asia/korea/Lotte-Chemical-to-shut-Daesan-butadiene-unit-late-this-month-for-repairs_66920.html
January 16, 2015
Higher production, fewer turnarounds, and a plant restart enabled South Korea to export 1.42 million m.t. of styrene to China in 2014, a 22% spike from 1.16 million m.t. in 2013, Korea...
http://www.chemweek.com/regions/north_asia/korea/South-Koreas-styrene-exports-to-China-jumped-in-2014-on-higher-operating-rates-fewer-turnarounds_66917.html
January 15, 2015
The ongoing failure of Asia's monthly para-xylene (p-xylene) contract price mechanism to reach a settlement is creating frustration in Europe, which has historically relied on Asia to...
http://www.chemweek.com/regions/north_asia/korea/Delays-to-Asia-p-xylene-contract-settlements-cause-frustration-in-Europe_66860.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/regions/north_asia/korea/Aromatics-markets-continue-to-sink-in-Asia-as-weak-crude-leads-to-offer-cuts_66777.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/regions/north_asia/korea/Asia-aromatics-prices-threaten-to-outstrip-70-month-lows-as-crude-falls-again_66737.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/regions/north_asia/korea/Yeochun-NCCs-No-1-cracker-starts-using-10-percent-LPG_66570.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/regions/north_asia/korea/Aromatics-prices-have-fallen-by-half-in-Asia-during-2014_66509.html
December 29, 2014
Lotte Chemical (Seoul) plans to shut its Daesan, South Korea, steam cracker between October 2015 and November 2015 for regular maintenance, a source close to the company said today...
http://www.chemweek.com/regions/north_asia/korea/Lotte-Chemical-to-shut-Daesan-cracker-in-October-2015-for-maintenance_66472.html
December 24, 2014
Nippon Shokubai says that it will establish a new wholly owned subsidiary called Nippon Shokubai Korea at Seongnam, South Korea on 1 April 2015. Nippon Shokubai Korea will mainly be...
http://www.chemweek.com/regions/north_asia/korea/Nippon-Shokubai-to-establish-subsidiary-in-South-Korea_66442.html
December 22, 2014
Mitsui Chemicals and SKC (Seoul) plan to merge their polyurethane (PU) raw material businesses into a joint venture by 1 April 2015. Mitsui president and CEO Tsutomu Tannowa and SKC...
http://www.chemweek.com/regions/north_asia/korea/Mitsui-Chemicals-SKC-to-merge-polyurethane-material-businesses_66382.html
December 18, 2014
Teijin says that it will open a second production line in South Korea for Lielsort, an innovative separator for lithium ion secondary batteries (LIBs). Operations will begin on 24...
http://www.chemweek.com/regions/north_asia/korea/Teijin-to-open-second-production-line-for-separators-for-lithium-ion-secondary-batteries_66283.html
December 16, 2014
Dow Chemical will supply quantum dot material to LG Electronics, which is launching a new range of high-tech TVs in early 2015. Dow is building a quantum dot factory in South Korea...
http://www.chemweek.com/regions/north_asia/korea/LG-Electronics-and-Dow-link-in-quantum-dot-TV-project_66204.html
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