IHS Chemical Week

Sinopec settles January contract prices for p-xylene, PTA, EG

January 18, 2017 | Sok Peng Chua

Sinopec has settled its January contract price for para-xylene (p-xylene) at 7,110 renminbi/metric ton, up 240 renminbi/metric ton ($35) from December. This is equivalent to $863/metric ton on an import-parity basis. The p-xylene January average spot price to...

South Korea's p-xylene exports reached a new high in 2016, PTA exports fell to a record low

January 17, 2017 | Sok Peng Chua

Source: Korea Customs Service. South Korea’s 2016 para-xylene (p-xylene) exports rose by 572,214  metric tons or 9.8% year-over-year (YOY), to 6.43 million metric tons (MMt), according to the latest data released by the Korea Customs Service...

Asia benzene/p-xylene spread widens to $70/metric ton

January 10, 2017 | Sok Peng Chua

The Asian benzene/para-xylene (p-xylene) spread widened to $70/metric ton Tuesday as benzene continues its relentless climb since the start of 2017. Between 3 January and 10 January, spot benzene gained $110/metric ton, or 13.4%, and p-xylene lost $16/metric...

Styrene stays strong in Europe amid concerns over worldwide balances

January 9, 2017 | Victoria Dimmock

Styrene spot ranges touched new highs in Europe Monday with the midpoint for January about $1,250/metric ton FOB Rotterdam, Antwerp, by late morning. The last time styrene was consistently trading above $1,200/metric ton FOB Rotterdam was in August 2015...

Spot benzene spikes in Europe as demand strengthens

January 6, 2017 | Caroline Fitzgerald

Spot benzene prices rose further in Europe Friday and are close to topping $900/metric ton. Following a flurry of activity late Thursday, deals were reported as high as $885/metric ton for January as levels edged closer to $900/metric ton, with Friday's...

Styrene prices highest in Asia for 18 months on tightening supply

January 6, 2017 | Sok Peng Chua

Spot styrene has reached its highest level in Asia for 18 months after jumping more than $80/metric ton in two days, IHS Chemical data show. Asia styrene closed at $1,239/metric ton CFR China on 5 January, up $41.50/metric ton on the day as prices in...

Toluene starts year on a high in Europe with big hike in January contract

January 4, 2017 | Caroline Fitzgerald

Europe's toluene contract price for January 2017 has been initially agreed on at $650/metric ton fob Rotterdam, an increase of $82.50/metric ton over the December contract level. Further confirmations are still pending but nevertheless the January settlement...

January styrene barge contract settles up €105 in Europe as spot continues to surge

January 4, 2017 | Caroline Fitzgerald

Europe's styrene barge contract for January 2017 has been agreed on at €1,300/metric ton ($1,362) FOB Rotterdam, Netherlands, an increase of €105/metric ton from the December 2016 settlement. The significant rise, albeit not as hefty as...

Benzene starts 2017 with bumper contract-price increase in Europe

January 3, 2017 | David Potter

The European monthly benzene contract price for January 2017 has been confirmed at $842/metric ton (€806) CIF Amsterdam-Rotterdam-Antwerp, an increase of $175/metric ton and €175/metric ton compared with December 2016. The huge price...

Strong metrics for benzene in Europe following exports

December 21, 2016 | Victoria Dimmock

Benzene over naphtha spreads have increased by almost $50 per mt in the month–to-date compared with November, according to IHS Chemical data. Average spreads for December have been just shy of $290 per mt, supported in the early part of the month by...

Celanese announces MIBK, MIBC price hikes

December 21, 2016 | CW Staff

Celanese says it is increasing prices for methyl isobutyl ketone (MIBK) and methyl isobutyl carbinol (MIBC), effective 1 January 2017, or as contracts allow. The price for both materials will go up by 5...

Hexion raises prices for BPA, base epoxy resins

December 21, 2016 | Jing Chen

Hexion says that it will increase the prices for certain epoxy resins and Bisphenol A (BPA), effective 1 January 2017, or as contracts allow. BPA and liquid epoxy resins will each increase €100 ($104) per metric ton, while commodity solutions will...

American Styrenics increases polystyrene prices

December 15, 2016 | Jing Chen

Americas Styrenics (AmSty; The Woodlands, Texas) has announced a $0.06/lb increase in the transaction price of all grades of polystyrene, effective 1 January 2017. The company most recently increased the price of polystyrene by $0.03/lb on 1 October. AmSty is...

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