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July 31, 2015
Operational disruptions continued to curtail the supply of olefins in Europe during July. The affected steam crackers did not restart as quickly as had been hoped, and hot weather...
http://www.chemweek.com/sections/basic_chemicals_plastics/Plant-disruptions-reduced-Europes-olefins-supply-in-July_72579.html
July 31, 2015
Ciner Group (Istanbul) is preparing to leap into the top tier of soda ash producers. The company currently ranks outside the world top 10, but massive capital investment plans and the acquisition of OCI Resources (Atlanta) could propel Ciner into the number-two position by 2018, says Marguerite Morrin, senior director at IHS Chemical....
http://www.chemweek.com/sections/basic_chemicals_plastics/Ciner-buys-OCI-Resources-building-leadership-in-natural-soda-ash_72623.html
July 20, 2015
Methanol, traditionally, has been a chemical feedstock consumed in the manufacture of derivatives such as formaldehyde, acetic acid, methyl methacrylate, and methylamines....
http://www.chemweek.com/sections/basic_chemicals_plastics/The-changing-face-of-methanol-demand_72206.html
July 17, 2015
Purified terephthalic acid (PTA) supply is increasing in Asia faster than demand, resulting in a net operating rate of just 70% in China, based on nameplate capacity, according to IHS Chemical’s latest Market Advisory Service: Global Polyester Fibers & Feedstocks....
http://www.chemweek.com/sections/basic_chemicals_plastics/PTA-supply-outpaces-demand-in-Asia-lowering-operating-rates_72225.html
July 17, 2015
The rising price of feedstock benzene has put a pinch on North American producers of nylon-6, who have responded by increasing prices. BASF on 6 July issued an increase of 10 cts/lb on...
http://www.chemweek.com/sections/basic_chemicals_plastics/July-US-benzene-settlement-sparks-second-round-of-nylon-6-price-increases_72226.html
July 13, 2015
(This story has been corrected. The figures in paragraph five refer to production capacity throughout the Americas, not production in North America.) China’s enormous...
http://www.chemweek.com/sections/basic_chemicals_plastics/China-MTO-promises-big-opportunity-for-methanol-producers-in-US_71640.html
July 6, 2015
North American producers of polyvinyl chloride (PVC) have postponed May price increases to June and July in response to weak demand, IHS Chemical says. The increases span 2–3...
http://www.chemweek.com/sections/basic_chemicals_plastics/North-America-PVC-demand-prices-set-to-rise-after-weak-first-half_71938.html
July 6, 2015
Greece defaulted on a €1.6-billion ($1.79 billion) payment to the International Monetary Fund that was due on 30 June, and, although IHS expects an agreement to be reached...
http://www.chemweek.com/sections/basic_chemicals_plastics/Grexits-likely-impact-on-Europe-petchem-industry-limited-IHS_71939.html
June 26, 2015
The closure of Haverhill Chemicals' (Houston) production site at Haverhill, OH, with the potential loss of 141 jobs—announced toward the beginning of June—remains uncertain...
http://www.chemweek.com/sections/basic_chemicals_plastics/Haverhill-closures-effect-on-US-phenol-market-may-be-limited_71635.html
June 15, 2015
OPEC’s meeting in Vienna in early June showed a continuation of the Saudi-led resolve to defend market share and let the market determine the oil price as a response to increasing...
http://www.chemweek.com/sections/basic_chemicals_plastics/OPEC-signals-opportunity-for-petrochemicals_71212.html
June 15, 2015
Despite strong downstream derivative demand, North American propylene inventories are at five-year highs, boosted by increased production in steam crackers. Prices have fallen low...
http://www.chemweek.com/sections/basic_chemicals_plastics/North-America-propylene-down-on-low-costs-rising-inventories_71247.html
June 12, 2015
Williams Partners' has achieved on-spec ethylene this week at its Geismar, LA, olefins plant, according to market participants. A source close to the company said last week that the...
http://www.chemweek.com/sections/basic_chemicals_plastics/Williams-Geismar-unit-achieves-on-spec-ethylene_71202.html
May 29, 2015
Cheap energy and feedstocks derived from shale gas have sparked a petrochemical investment boom in North America. Most of the new projects have been drawn to the industry’s epicenter on the US Gulf Coast, but about one third—including a surprising number of ethylene projects—have been located elsewhere....
http://www.chemweek.com/sections/basic_chemicals_plastics/Beyond-the-US-Gulf-Coast-ethylene-projects-progressing-slowly_70784.html
May 22, 2015
BASF declared force majeure on the supply of ethylene oxide (EO) in Europe on 19 May and until further notice, the company has confirmed to CW. BASF has also been forced to declare...
http://www.chemweek.com/sections/basic_chemicals_plastics/BASF-declares-force-majeure-on-EO-and-MEG-in-Europe_70574.html
May 22, 2015
Bearish sentiment, styrene plant turnarounds, and ample supplies have kicked the legs out from under benzene in North America, but the spot price may soon find a floor. The current...
http://www.chemweek.com/sections/basic_chemicals_plastics/Benzene-slips-in-US-after-brief-recovery-but-floor-may-be-near_70608.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/sections/basic_chemicals_plastics/TVK-sales-fall-on-lower-prices-but-profits-leap_70333.html
May 11, 2015
GTS Chemical Holdings’ (Liaocheng, China) unaudited group revenue rose 40% to 167.0 million renminbi ($27.3 million) for the first quarter of 2015 versus Rmb119.3 million a...
http://www.chemweek.com/sections/basic_chemicals_plastics/GTS-Chemical-first-quarter-revenue-spikes-40-percent_70289.html
May 11, 2015
The plastics industry has shown itself to be robust, despite a difficult market environment in 2014, says Josef Ertl, chair of industry trade association PlasticsEurope Germany...
http://www.chemweek.com/sections/basic_chemicals_plastics/Germanys-plastics-producers-positive-in-spite-of-roller-coaster_70298.html
May 8, 2015
European olefins production was constrained during April as some producers carried out planned stoppages and others faced unplanned outages. About 13% of European ethylene production...
http://www.chemweek.com/sections/basic_chemicals_plastics/Supply-constraints-boost-European-ethylene-in-April_70178.html
May 8, 2015
Producers of cellulose acetate attribute a steep decline in first-quarter sales to the destocking of acetate tow, the material used to make cigarette filters. Underlying demand will...
http://www.chemweek.com/sections/basic_chemicals_plastics/Cellulose-acetate-slumps-on-destocking-recovery-in-Q3_70190.html
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