IHS Chemical Week
MARKETS

Demand for mixed xylenes exports from US is still lackluster

Mixed xylene (MX) spot prices picked up during the past week in the United States, alongside reduced production, but demand remains weak in domestic as well as overseas markets. Many reformers and toluene disproportionation units have been taken offline this...

Kumho to review synthetic rubber production rates in February

Kumho Petrochemical (Seoul) plans to review the reduced production rates of its synthetic rubber plants at Yeosu and Ulsan, South Korea, over February, a source close to the company said today. Oversupply concerns and poor demand, especially from tire...


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Basic Chemicals

Japan's aromatics production declined in 2014

Production of several major aromatics products declined in Japan during 2014, data from the Japan Petrochemical Industry Association (JPIA; Tokyo) show. JPIA posted data for 18 products, of which 14 declined in production. Benzene and styrene were among the...

Petrochemicals

South Korea's benzene exports to China rise amid crude volatility

South Korea's benzene exports to China have increased in January on month-on-month and year-on-year (YOY) bases, data obtained by IHS Chemical show. Volatile crude oil futures have put downward pressure on spot prices for benzene of South Korean origin...

Inorganic Chemicals

Incitec Pivot to Offtake Entire Urea Output From Perdaman Project

Incitec Pivot (Melbourne), a leading global nitrogen-based chemicals producer, has signed an agreement with Perdaman Chemicals and Fertilizers (Perth, Australia) to offtake the entire output of urea from Perdaman's previously announced Collie urea plant in...

Plastics

UK plastics industry warns that biodegradable carrier bag levy exemption will hurt recycling, jobs

Several sectors of the UK plastics industry today expressed their disappointment that the government is considering to press ahead with plans to potentially exempt biodegradable plastic bags from the single-use carrier bag levy. Such mixed messages implying...

Specialty Chemicals

Clariant acquires stake in Brazilian health- and personal-care firm Beraca

Clariant said today that it is acquiring a 30% stake in the health- and personal-care business of Beraca (São Paulo), a leading provider of natural and organic ingredients, with the possibility of raising this to a majority stake in the future. The...

Fine Chemicals/Biotech

Mitsubishi Gas Chemical subsidiary and Catalent sign deal for biosimilars

MGC Pharma (Tokyo), a wholly owned subsidiary of Mitsubishi Gas Chemical (MGC), and Catalent Pharma Solutions (Somerset, NJ), a leading contract manufacturer of pharmaceuticals, have entered into an agreement to jointly research, develop, and produce...

Industrial Gases

Linde to Acquire Sri Lankan Gases Firm

Linde says it has offered to acquire all the shares in privately-held Ceylon Oxygen (Colombo, Sri Lanka), and that the offer has been accepted by the major shareholder, Europium, in respect of 95.4% of the shares in Ceylon Oxygen. Ceylon Oxygen, which was...











 
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