IHS Chemical Week

Asia's styrene price surge may be short-lived as outlook for derivatives stays bearish

June 28, 2016 | Sok Peng Chua

Styrene in Asia has regained top spot in the world market, pricing in at a $45.50/metric ton premium over Europe-sourced styrene today, IHS Chemical data show. Prices continued rising on speculative buying and short covering, with a July-arrival cargo traded...

Asia's spot styrene at seven-week high ahead of August turnaround

June 27, 2016 | Sok Peng Chua

Asia’s spot styrene shrugged off blues from the UK EU referendum to close Monday at a seven-week high of $1,040.50 per metric ton CFR China as supply tightened ahead of August’s plant turnaround and on lower inventory levels, IHS...

July Asia p-xylene contract price nominations at $850/m.t.

June 27, 2016 | Sok Peng Chua

Para-xylene (p-xylene) producers JX Nippon Oil & Energy Corp. (Tokyo) and Idemitsu Kosan Co., Ltd. (Tokyo) have each nominated the July Asia contract price at $850 per metric ton CFR, up $10 per metric ton and $30 per metric ton from the companies'...

Belarus, India sign 2016–17 potash supply agreement

June 27, 2016 | Francinia Protti-Alvarez

JSC Belarusian Potash Co. (BPC; Soligorsk, Belarus) and Indian Potash Ltd. (IPL; New Delhi) have agreed to potash supply for fiscal 2016/17. BPC will supply India with 700,000 metric tons of potash at$227 per metric ton CFR—smaller than the...

Asia toluene drops to 4-month low on Brexit, spread against mixed xylene widens to intra-year high

June 24, 2016 | Sok Peng Chua

Toluene prices have tumbled to a four-month low in Asia, closing today at $560/m.t. fob South Korea as Brent crude nose-dived following Britain’s referendum vote to exit from the European Union. Brent started the day at $50.65/bbl but plunged to an...

ACC's CAB continues to expand

June 21, 2016 | Jing Chen

ACC’s chemical activity barometer (CAB) continues to expand, increasing 0.8% in June on a three-month moving average (3MMA) following a revised 0.9% increase in May and 0.7% increase in April. On an unadjusted basis the CAB jumped 0.4% in June...

Europe cyclohexane third-quarter delta discussions: A battle between energy costs and lengthening supply

June 21, 2016 | David Potter

Discussions will begin during the next week in Europe's cyclohexane market for the third-quarter contract deltas, with the market looking at notably conflicting drivers from the supply-demand fundamentals, according to IHS Chemical. The delta is settled on a...

Celanese increases price of acetic acid in Europe

June 13, 2016 | Jing Chen

Celanese (Dallas) says it is increasing the list and off-list selling prices for acetic acid in Europe to €30/m.t. ($0.28), effective 1 July or as contracts allow. Celanese, in March, increased the product’s price in China by Rmb100/m.t. ($15.4) in...

Aromatics hit 2-week high in Asia amid crude oil surge

June 8, 2016 | Sok Peng Chua

Asia's aromatics spot market closed today at a 2-week high boosted by energy prices, but the momentum may not be sustainable given that market fundamentals remain unchanged, says IHS Chemical director/aromatics, Omi Tatsuo. The regional aromatics spot market...

Less US styrene destined for Asia as Europe prices surge

June 6, 2016 | Sok Peng Chua

Asia is expected to receive less styrene from the United States in the coming months after deep-sea volumes reached an unprecedented high in February, says Brian Lee, senior manager/aromatics at IHS Chemical.  US exports to Asian countries—namely...

June Europe styrene customer reference price settles at €1,180/m.t.

June 3, 2016 | David Potter

Europe's June styrene customer reference price (CRP) was confirmed settled at €1,180/m.t. fca this morning, an increase of €60/m.t. compared with the May CRP. The confirmation follows the settlement of the Europe barge contract on 1 June at the same...

Europe benzene contract settles down for third consecutive month as pressure mounts on spot prices

June 1, 2016 | Caroline Fitzgerald

Europe's benzene contract price was settled at $637/m.t. or €572/m.t. late on 31 May, a fall of $43/m.t. or €27/m.t. compared with the May settlement. This is the third consecutive month that the European benzene contract settlement has decreased...

Europe styrene barge contract settles up €60, spot prices surpass $1,200/m.t.

June 1, 2016 | Caroline Fitzgerald

Europe's styrene barge contract price for June was confirmed settled today at €1,180/m.t. fob Rotterdam, an increase of €60/m.t. over the May settlement.   Following a €27/m.t. drop in the benzene settlement and an increase in the ethylene...

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