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January 23, 2015
The cancellation of the Al Karaana olefins and derivatives joint venture between Shell Chemicals and Qatar Petroleum (QP) significantly changes the supply-demand outlook for ethylene glycol (EG), according to an analysis by IHS. Whereas worldwide EG capacity utilization could have fallen to 80% by 2020, it is now likely to be a more comfortable 84–85%....
http://www.chemweek.com/sections/basic_chemicals_plastics/Al-Karaana-cancellation-brightens-outlook-for-ethylene-glycol-producers_67122.html
January 16, 2015
Artlant PTA (Sines, Portugal), the shares of which are partly owned by former polyethylene terephthalate (PET) producer La Seda de Barcelona (El Prat Llobregat, Spain), has once again...
http://www.chemweek.com/sections/basic_chemicals_plastics/PTA-p-xylene-prices-in-Europe-follow-the-plunge-in-oil_66882.html
January 9, 2015
Asian aromatics prices 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 from...
http://www.chemweek.com/sections/basic_chemicals_plastics/Aromatics-prices-fall-by-half-in-Asia-during-2014_66661.html
January 9, 2015
chlorine production fell 4.6% year-on-year (YOY) in Europe during November 2014, according to the latest figures released by industry association Euro Chlor (Brussels). Production in...
http://www.chemweek.com/sections/basic_chemicals_plastics/Europes-chlorine-production-falls-4-6-percent-in-November_66663.html
January 6, 2015
The European Commission says that Slovakia’s intention to provide Duslo (Sal'a, Slovakia) with aid to the value of €58.0 million ($69.1 million) to modernize an ammonia...
http://www.chemweek.com/sections/basic_chemicals_plastics/European-Commission-approves-Slovakia-plan-for-$69-million-in-aid-to-modernize-ammonia-plant_66574.html
December 19, 2014
Latin America’s economic performance fell short of expectations this year as the GDP of it and Caribbean grew by only 1.1% in 2014, its slowest rate of expansion since 2009 and well below the 3.4% forecast by IHS one year ago....
http://www.chemweek.com/sections/basic_chemicals_plastics/Latin-Americas-challenges-opportunities-during-2014_66260.html
December 19, 2014
Benzene and toluene prices in the United States have dropped to four-year lows, and the trend is set to continue into the new year, propelled by falling crude oil prices. The outlook...
http://www.chemweek.com/sections/basic_chemicals_plastics/US-benzene-toluene-at-four-year-lows-on-falling-crude-oil-prices_66297.html
December 12, 2014
It says something about the extraordinary competitive advantage enjoyed by North America’s ethylene producers that their primary feedstock, ethane, would be worth more burned...
http://www.chemweek.com/sections/basic_chemicals_plastics/Collapse-in-crude-oil-pits-ethane-against-propane-for-cracker-share_66123.html
December 12, 2014
The propylene market tightened in Europe during November because of a number of steam cracker issues. Planned and unplanned outages took place, and the combined loss of 13% of regional...
http://www.chemweek.com/sections/basic_chemicals_plastics/Europes-propylene-contract-price-drops-in-December_66065.html
December 5, 2014
BASF’s $625.0-million plan to install a new “droplet polymerization” technology worldwide may significantly increase the company’s total superabsorbent polymer (SAP) production capacity, says Ian Davenport, president of consulting firm Davenport International Associates (New York)....
http://www.chemweek.com/sections/basic_chemicals_plastics/BASFs-SAP-tech-rollout-may-expand-capacity-consultant_65874.html
December 5, 2014
Trinseo (Berwyn, PA), formerly Styron, has announced price decreases in Europe for all polystyrene (PS) and copolymer grades. The December contract and spot prices for general-purpose...
http://www.chemweek.com/sections/basic_chemicals_plastics/Europe-styrenics-bearish-as-December-benzene-contract-drops-166m-t-_65875.html
November 21, 2014
Europe’s para -xylene ( p -xylene) contract price settled down significantly in November, dropping €140/m.t. ($180) compared with October, when it stood at €980/m.t. del...
http://www.chemweek.com/sections/basic_chemicals_plastics/Europes-p-xylene-contract-price-falls-in-November_65560.html
November 21, 2014
Methanol is oversupplied worldwide, but North American producers presented optimistic forecasts during recent third-quarter earnings calls. They expect the market to tighten as...
http://www.chemweek.com/sections/basic_chemicals_plastics/Demand-surge-buoys-methanol-above-crude-declines-producers-say_65616.html
November 14, 2014
Caustic soda supply has tightened considerably in northwestern and southern Europe because of production issues plaguing various producers. These issues range from industrial action to...
http://www.chemweek.com/sections/basic_chemicals_plastics/Europes-caustic-soda-supply-tightens-on-production-issues_65398.html
November 14, 2014
Buttressed by production issues and reduced imports, US spot prices for ethylene glycol (EG) held up in October, but November has been another story: Prices have tumbled, and they are...
http://www.chemweek.com/sections/basic_chemicals_plastics/Ethylene-glycol-prices-weaken-in-US-as-outages-wind-down_65400.html
October 31, 2014
Difficulties with the Evangeline ethylene pipeline, which carries ethylene from Texas to Louisiana, are more extensive than first believed, and the pipeline may not return to service...
http://www.chemweek.com/sections/basic_chemicals_plastics/Evangeline-pipeline-outage-may-extend-into-December-Boardwalk-says_64996.html
October 31, 2014
P ara-xylene ( p -xylene) spot prices came off significantly in Europe during October as p -xylene spot prices dropped in Asia on the back of energy markets falling significantly...
http://www.chemweek.com/sections/basic_chemicals_plastics/P-xylene-prices-fall-in-Europe-on-softer-Asia-markets-energy_64973.html
October 31, 2014
The market for butadiene has been somewhat long, and prices have fallen for most of this year amid weak worldwide demand for synthetic rubber. Longer-term, however, the trend is toward increasing tightness as demand recovers and lighter cracker feedslates cut into the production of crude C4s....
http://www.chemweek.com/sections/basic_chemicals_plastics/Butadiene-long-into-2015-but-supply-to-tighten-on-crude-C4s_64995.html
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
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