Industry Views of chemicals - Made-in-China.com

UK Natural Gas for Same-day Delivery Rose to 108 Pence/therm Monday Morning

Mar 6, 2013

UK natural gas for same-day delivery rose to 108 pence/therm Monday morning -- a price the market has not closed above since 2006 -- due to unplanned North Sea outages. Stormy weather caused a failure in the Norwegian power grid system ...

Tags: gas, natural gas, oil pipeline system

Oil Futures Settled Lower Monday After Extending an Overnight Slide

Mar 6, 2013

Oil futures settled lower Monday after extending an overnight slide that saw the front-month NYMEX crude contract trade below $90/barrel for the first time since December 26. NYMEX April crude settled 56 cents lower at $90.12/b, while ICE ...

Tags: Oil futures, Brent crude, Oil Price

Marathon Petroleum Has Declared Force Majeure on Benzene,Toluene and Mixed Xylene

Mar 6, 2013

Marathon Petroleum has declared force majeure on benzene, toluene and mixed xylene, trading sources said Monday. No further details are known and confirmation from Marathon was unavailable as a spokesman at the company declined to comment, ...

Tags: benzene, toluene, Spot benzene

Canton Fair Has Reached New Attendance Peak in 2012

Mar 5, 2013

Canton Fair has reached new attendance peak in 2012 No doubt, the Canton Fair with its ever expanding exhibition buildings and numbers of visitors is an impressive event. Yet the ever growing exhibition space and amount of suppliers makes a ...

Tags: Focus Vision, China, Canton Fair Visit, economy

Northwest European March Benzene Contract Price Has Been Fully Settled at Eur1,054/mt

Mar 5, 2013

The Northwest European March benzene contract price has been fully settled at Eur1,054/mt, or $1,380/mt, CIF ARA, industry sources confirmed Friday. The settlement represents an increase of Eur14/mt and a decrease of $28/mt compared ...

Tags: benzene contract price, Northwest Europe, benzene

US Polyethylene Terephthalate Contracts Settled 2.75-3 Cents/lb Higher for February

Mar 5, 2013

US polyethylene terephthalate contracts settled 2.75-3 cents/lb higher for February, multiple sources said Friday. February PET contracts were assessed at 87.75-88.75 cents/lb US railcar ($1,935-1,957/mt), a 3 cents/lb increase over ...

Tags: polyethylene glycol terephthalate, Chemicals

Brazil Friday Announced a Rise in The Amount of Ethanol Mixed Into Gasoline Sold

Mar 5, 2013

The Brazilian government Friday announced a rise in the amount of ethanol mixed into gasoline sold at the pumps to 25% from 20% from May 1. The announcement was published in the official Union Diary and, the government said, was taken ...

Tags: Chemicals, ethanol, gasoline

US Fuel Oil Exports to The Netherlands Were The Second-highest on Record for 2012

Mar 5, 2013

US fuel oil exports to the Netherlands, Europe's primary demand hub, were the second-highest on record for 2012 but slowed in the latter part of the year, according to US data, signaling a shifting dynamic as domestic demand for the ...

Tags: Metallurgy, Mineral, Energy, high sulfur fuel oil

The Spread Was Assessed at a More Than Four-Month Low of $263.125/mt Wednesday

Mar 4, 2013

The spread between Asian toluene and feedstock naphtha was assessed at a more than four-month low of $263.125/mt Wednesday, down $23.275/mt from Tuesday, as the toluene market came under pressure from weak demand and falling domestic China ...

Tags: toluene, feedstock naphtha, Asia, toluene market

President Barack Obama Can Show His Commitment to Climate Change Action

Mar 4, 2013

The European Union's top climate change official said Thursday that President Barack Obama can show his commitment to climate change action by rejecting TransCanada's plan to build the Keystone XL pipeline. "I think that would be an ...

Tags: climate change, pipeline, oil industry

Northwest Europe Gasoline Crack Swaps Fell Sharply at Tuesday's European Close

Mar 1, 2013

Northwest Europe gasoline crack swaps fell sharply at Tuesday's European close following a drop in NYMEX RBOB futures. Platts assessed the March Eurobob crack swap at $13.50/barrel Tuesday, down from Monday's $14.70/b and the lowest since ...

Tags: gasoline, NYMEX RBOB futures, NWE

Repsol on Tuesday Announced a $6.7 Billion Deal

Feb 28, 2013

Repsol on Tuesday announced a $6.7 billion deal that will see Shell purchase a package of LNG assets from the Spanish firm. Repsol will sell Shell its interests in LNG facilities in Trinidad and Tobago, Peru and Spain as well as LNG ...

Tags: Repsol, LNG, Shell

Spot Prices for Barge Lots of Butane Loading Have Gained Support From Petrochemical Demand

Feb 28, 2013

Spot prices for barge lots of butane loading in the Amsterdam-Rotterdam-Antwerp area have gained support from petrochemical demand, according to industry sources. Surplus butane from ARA refineries can be absorbed into the MTBE, gasoline ...

Tags: ARA Butane, Petrochemical Demand, Chemicals

Global Demand for Natural Rubber Slowed in 2012 as a Result of an Adverse Global Economy

Feb 28, 2013

Indonesia's Indofood Agri Resources said Wednesday that global demand for natural rubber slowed in 2012 as a result of an adverse global economy and a slowdown in tire replacement sales. Due to the weaker demand, it said RSS 3 SICOM ...

Tags: Tire Sales, Chemicals, natural rubber

US Propane and Propylene Stocks Dropped 3.22 Million Barrels to 47.85 Million Barrels

Feb 28, 2013

US propane and propylene stocks dropped 3.22 million barrels to 47.85 million barrels in the reporting week that ended Friday, the Energy Information Administration said Wednesday Midwest supplies fell 926,000 barrels to 13.52 million ...

Tags: Propane, Propylene, Chemicals

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