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April 17, 2015
Asia’s para -xylene ( p -xylene) demand remains strong, and more p -xylene will likely be transacted in the region’s spot market, pushing prices higher, as the market...
April 17, 2015
High oil prices have loosened the grip of state-owned enterprises (SOEs) on China’s petrochemical industry by opening the door to on-purpose production from coal and other...
April 6, 2015
Companies at this year’s International Plastics Showcase (NPE2015) trade fair, held in the Orange County Convention Center at Orlando, FL, on 24–27 March, have expressed generally optimistic views on plastics markets....
March 20, 2015
Venezuela’s economy has been under intense pressure in recent years. Erratic economic policies and oil prices’ freefall have set the scenario for economic contraction, high inflation, and policies that make it difficult to attract much-needed foreign investment. IHS forecasts that Venezuela’s economy, having already fallen 4.1% in 2014, will shrink more than 3% in the next two years. Some recovery is expected after 2017....
March 20, 2015
BP’s acetic acid production facility at Hull, UK, was offstream and in force majeure during the fourth quarter of 2014, but the plant began to increase operating rates in the...
March 13, 2015
Europe’s acetic acid market became more balanced in February, says IHS Chemical’s Market Advisory Service: Global Acetyls Summary. Production in Europe improved, and imports at the...
March 13, 2015
Two major developments drove the price of key tire raw materials in February, says IHS Chemical’s Market Advisory Service: Global Tire Type Indices. One was the lower price...
March 13, 2015
Ethylene glycol (EG) prices in Asia reversed the recent weakening trend and rebounded before and after the Lunar New Year holiday, but they tailed off during the first week of March...
March 13, 2015
In March, benzene contracts in the United States have broken a seven-month stretch of declines with a split settlement of three to seven cts/gal above the February contract. Rising...
February 27, 2015
Petkim (Aliağa, Turkey) is restarting its newly expanded purified terephthalic acid (PTA) unit at Aliağa. The project to increase PTA capacity at the site from 70,000 m.t./year to...
February 27, 2015
Bolstered by stabilizing crude oil and benzene markets and tightness in China, Asian caprolactam prices regained upward momentum in February, ending the downtrend that began in August...
February 27, 2015
North American antifreeze demand fell in February, but cold, snowy weather and the expectation of March price increases helped bolster demand for ethylene glycol, according to IHS...
February 27, 2015
After declining steeply through the summer 2014, methanol contract prices in North America recovered somewhat during the fall, but they resumed their tumble in December, pulled down by...
February 20, 2015
Europe’s ethylene consumers, having spent the last several months buying hand-to-mouth, have taken the opportunity to rebuild inventory in the expectation that they will have to...
February 20, 2015
With three North America–based polypropylene (PP) producers remaining in force majeure in mid-February and outages planned for March, supply has become an issue, particularly for...
February 20, 2015
Healthy demand continues to support the North American market for hydrogen peroxide, IHS Chemical says. Market sources report that availability is limited, and some sellers have been...
February 20, 2015
North American prices for all grades of polystyrene (PS) have dropped in February, IHS Chemical says. However, demand appears to be picking up, and there has been some inventory...
February 20, 2015
Domestic demand for polyethylene terephthalate (PET) in Western Europe is slowly ramping up. Because the weak euro has removed the competitive advantage of Asian material, producers in...
February 20, 2015
Prodded by plunging crude oil values, polyethylene (PE) prices fell in the North American market during November 2014 for the first time in 24 months. They continued to fall each month...
February 6, 2015
February benzene contracts have been settled in the United States at $2.01/gal, down 9.0% from January for a seventh consecutive monthly decline. Given ample supply and modest demand...
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