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October 24, 2014
Plummeting crude oil prices ordinarily spark downstream destocking in anticipation of lower raw material prices, but with polymer inventories already low, consumers in Europe and North...
http://www.chemweek.com/sections/basic_chemicals_plastics/Lean-inventories-limit-crude-led-destocking-in-US-and-Europe_64765.html
October 10, 2014
a strike at AkzoNobel’s chlor-alkali plant at Botlek, Netherlands, is limiting production to about 40–45% of capacity, Akzo confirms. Effective 7 October, chlorine production...
http://www.chemweek.com/sections/basic_chemicals_plastics/Strike-brings-Botlek-chlor-alkali-operating-rates-down-to-40-percent_64377.html
October 10, 2014
The styrene outage at Shell’s Moerdijk facility in the Netherlands has boosted US benzene prices. The spot price increased to $4.25/gal on 7 October, closing the arbitrage to Europe...
http://www.chemweek.com/sections/basic_chemicals_plastics/Moerdijk-moves-US-benzene_64429.html
October 10, 2014
European polyethylene (PE) demand was strong in September, since converters restocked and prices weakened. Demand slowed late in the month, but exports gained on the weakening euro...
http://www.chemweek.com/sections/basic_chemicals_plastics/September-strong-for-Europe-PE_64430.html
October 10, 2014
Propylene prices have been rising steadily in the United States for several months, but a spate of plant outages has given them an extra jolt, sending the price of refinery-grade...
http://www.chemweek.com/sections/basic_chemicals_plastics/US-propylene-prices-spike-as-production-issues-tighten-supply_64431.html
September 26, 2014
The volume of trade on the US ethylene spot market has risen substantially over the last decade, driven by the growing use of ethylene futures and options to hedge price risks. The trend will continue as new production capacity comes onstream, although logistical issues limit the market’s efficiency, observers say....
http://www.chemweek.com/sections/basic_chemicals_plastics/Growing-spot-market-for-ethylene-reflects-increased-futures-trading_64025.html
September 26, 2014
Shell Chemicals says it will rebuild the MSPO-2 propylene oxide–styrene monomer (POSM) plant at the company’s Moerdijk, Netherlands, facility. In a statement issued on 17...
http://www.chemweek.com/sections/basic_chemicals_plastics/Shell-to-rebuild-Moerdijk-POSM-plant_64026.html
August 29, 2014
Low-cost feedstock availability in North America is reshaping the petrochemical industry in Latin America. With no significant capacity addition in Latin America over the past 10...
http://www.chemweek.com/sections/basic_chemicals_plastics/Latin-America-A-strategic-market-for-US-producers_63459.html
August 29, 2014
BP declared force majeure on purified terephthalic acid (PTA) in North America after a fire on 9 August forced the company to shut down the PTA-1 production unit at its Cooper River...
http://www.chemweek.com/sections/basic_chemicals_plastics/BP-declares-force-majeure-on-PTA-after-fire-at-Cooper-River-SC-facility_63504.html
August 15, 2014
Prices of the main types of synthetic rubber in Europe are expected to roll over in August, since feedstock prices have not changed significantly and overall demand is not expected to...
http://www.chemweek.com/sections/basic_chemicals_plastics/Exports-stabilize-Europes-synthetic-rubber-prices_63195.html
August 15, 2014
Negotiations for the major 2015 North America hydrogen peroxide (H 2O 2) contracts are not likely to commence until later this year, but four North American suppliers have already...
http://www.chemweek.com/sections/basic_chemicals_plastics/North-America-hydrogen-peroxide-producers-prepare-for-2015-negotiations_63196.html
August 1, 2014
Tesoro plans to build a $400-million, 15,000-bbl/day mixed xylenes extraction facility at the company’s refinery at Anacortes, WA. The company intends to export the product to Asia, where downstream para -xylene ( p -xylene) capacity is expanding rapidly. Most of this new Asian capacity will be back-integrated, but Tesoro expects its logistical and operating-cost advantages will make the project profitable....
http://www.chemweek.com/sections/basic_chemicals_plastics/Tesoro-plans-$400-million-mixed-xylenes-facility-at-Anacortes-WA_62894.html
August 1, 2014
Europe’s August ethylene contract price settled down €15/m.t. ($20), to €1,205/m.t. del northwestern Europe. Producers attempted to maintain the July price level, but a...
http://www.chemweek.com/sections/basic_chemicals_plastics/Long-ethylene-market-lowers-contract-price-for-Europe_62895.html
July 18, 2014
Worldwide demand for soda ash will increase almost 34% during the next decade thanks to the recovering construction and automotive industries, according to the IHS Chemical World Analysis—Soda Ash 2014. Consumption of soda ash is more than 55 million m.t./year and will increase to almost 73 million m.t./year by 2023, the report says....
http://www.chemweek.com/sections/basic_chemicals_plastics/Auto-construction-to-drive-soda-ash-demand-in-the-next-decade_62539.html
July 18, 2014
Chevron Phillips Chemical (CPChem) has declared f orce majeure on ethylene and polyethylene (PE) in the aftermath of a fire that took the company’s 853,000-m.t./year steam...
http://www.chemweek.com/sections/basic_chemicals_plastics/US-ethylene-prices-strengthen-after-fire-shuts-down-CPChem-cracker_62538.html
July 10, 2014
[Correction: A previous version of this story stated that a mechanical issue prevented Dow from restarting its Texas City VAM unit following a maintenance turnaround. In fact, the...
http://www.chemweek.com/sections/basic_chemicals_plastics/Dow-declares-force-majeure-on-vinyl-acetate-monomer-from-Texas-City-update_62317.html
July 7, 2014
After four consecutive monthly declines, US methanol contract prices are likely to increase in August, IHS Chemical says. A surge in spot transactions indicates that buyers expect the...
http://www.chemweek.com/sections/basic_chemicals_plastics/US-methanol-expected-to-firm-up-through-the-end-of-2014_62316.html
July 7, 2014
The explosion and fire at a propylene oxide–tyrene monomer (POSM) plant at Shell Chemicals’ Moerdijk, Netherlands, complex on 4 June has not impacted styrene derivatives beyond the...
http://www.chemweek.com/sections/basic_chemicals_plastics/Moerdijk-fire-does-not-affect-price-for-styrene-derivatives_62318.html
July 3, 2014
Methanex issued a June methanol reference price of 160 cts/gal fob US Gulf, marking a third consecutive month of 10-cts/gal reductions. Southern Chemical, which distributes in the...
http://www.chemweek.com/sections/basic_chemicals_plastics/Methanex-lowers-reference-price_61759.html
June 27, 2014
Operational issues will keep US supplies of ethylene relatively tight for the next couple of months, IHS Chemical projects. However, weak derivative exports will leave US propylene...
http://www.chemweek.com/sections/basic_chemicals_plastics/Surprises-shift-price-outlook-for-ethylene-and-benzene-in-the-US_62088.html
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