IHS Chemical Week

Regions :: North Asia

Taiwan (163)

Korea (460)

Japan (1276)


TAIWAN

BP's Capco JV to decommission five PTA plants in Taiwan, close site
China American Petrochemical Co. (Capco), a joint venture between BP and CPC Corp. (Taipei), has announced that it will decommission its five purified terephthalic acid (PTA) plants at Kaohsiung, Taiwan, and close the Kaohsiung site. The five plants have...

Aromatics markets continue to sink in Asia as weak crude leads to offer cuts
Spot aromatics prices fell in Asia for a second day running today. Offers dropped below late yesterday's bids as crude futures stood at lows of more than five-and-a-half years. This afternoon in Asia, February Brent futures sank near $46/bbl compared with...

Asia aromatics prices threaten to outstrip 70-month lows as crude falls again
Spot prices for aromatics fell again in Asia today, threatening to dip below the 67–70-month weekly lows recorded last week, as volatile Brent crude futures fell below $49/bbl in late afternoon trading. Spot deals were concluded this morning for toluene...

Formosa Petrochemical plans mid-2015 turnaround at No. 1 cracker
Formosa Petrochemical Corp. (FPC) plans to shut its No. 1 cracker at Mailiao, Taiwan, over June and July to carry out a scheduled maintenance program, a source close to the company said today. FPC's No. 1 cracker is the smallest of three crackers that the...

Aromatics prices have fallen by half in Asia during 2014
Asian aromatics prices have 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 highs reached in July amid volatility in crude oil futures. The Brent...

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KOREA

LG Chem reports falls in profits, sales
LG Chem reports net profits declined 38% in the fourth quarter of 2014 compared with the year-ago period, to 109.4 billion South Korean won ($101.0 million). Fourth-quarter sales decreased 4.8%, to won5.4 trillion. Operating profits dropped 27% in...

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...

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...

Kumho Petrochemical plans to shut rubber units in October for maintenance
Kumho Petrochemical (Seoul) plans to shut its synthetic rubber plants at Yeosu and Ulsan, South Korea in October for annual maintenance, a source close to the company said today. The maintenance program is expected to take about two weeks to complete...

South Korea's 2014 benzene exports surged 35% on plant start-ups
South Korea's benzene exports surged 35% in 2014 versus 2013 as new aromatics plants started operations, Korea Customs Service statistics show. About 1.88 million m.t. was exported last year against 1.39 million m.t. in 2013. Of the 2014 tally, 908,365 m.t...

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JAPAN

Mitsubishi Chemical: Restart of Kashima Complex Could Take 'Some Time'
Mitsubishi Chemical says that operations at its Kashima, Japan manufacturing complex will not resume for some time because of severe damage to piers at the adjacent port, and to other infrastructure, caused by the earthquake and tsunami that struck the...

JSR upgrades fiscal year forecast
JSR (Tokyo) today upgraded most of its forecast for the fiscal year ending 31 March 2015. The company expects net income of ¥30.0 billion ($253.3 million) compared with a previous forecast of ¥28.0 billion. Operating income is expected to be ¥40.0...

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...

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...

Mitsui runs Chiba cracker at 80% on berth repairs
Mitsui Chemicals is operating its steam cracker at Chiba, Japan, at about 80% of capacity after the company reduced runs from 100% on 20 January, Mitsui said today. The cracker was shut to carry out repairs on its sea berths, the company says. Mitsui's Chiba...

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