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Industry Views
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BASF and Hisense Jointly Presented an Energy Efficient Domestic Refrigeration Technology
Dec 20, 2012BASF and Hisense have jointly presented a new highly energy efficient domestic refrigeration technology using the newly launched Elastocool® low-density polyurethane solution from BASF. Combined with Hisense’s advanced foaming ...
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Shandong-Based Independent Refiners' Gasoil and Gasoline Stocks Climbed
Dec 20, 2012Shandong-based independent refiners' gasoil and gasoline stocks climbed in the first half of December, because consumption was slow while production was still quite large amid high refinery operating rates, industry sources said. These ...
Tags: oil product stocks, Chemicals, stocks
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Asian Aromatics Hit All-Time Highs on Shrinking Supplies and Rising Feedstock Costs
Dec 20, 2012Asian aromatics hit all-time highs this week on shrinking supplies and rising feedstock costs. Toluene and styrene monomer spot prices set new records Wednesday, assessed at $1,388.50/mt FOB Korea and $1,674/mt FOB Korea respectively while ...
Tags: Asian Aromatics, Chemicals, Tight Supply, Speculation
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Zhejiang Huafon Spandex Is Planning to Set up a Benzene Plant
Dec 20, 2012Zhejiang Huafon Spandex is planning to set up a benzene plant, the construction for which is expected to begin in March 2013. According to a senior official of the company who spoke to fibre2fashion, "They are setting up a new benzene ...
Tags: Benzene Plant, Chemicals, Huafon Spandex
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Chinese Wepec Sold 40,000 Mt of Gasoil for Loading to Petrochina Via Private Negotiations
Dec 20, 2012Chinese refiner West Pacific Petrochemical Corp,or Wepec,has sold 40,000 mt of gasoil for loading over January 18-22 to PetroChina via private negotiations,trading sources said Wednesday. This is the third spot parcel sold by the refiner ...
Tags: Wepec, gasoil, private negotiations, PetroChina
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Panamax Coal Freight Rates on Established Routes Fell
Dec 20, 2012Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India fell Wednesday,as lack of cargoes and vessel oversupply weighed down on the market,sources said. "Supramaxes are doing well,but ...
Tags: Panamaxes, Capesizes, coal freight, lack of cargoes
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Russia Is Ready to Increase Its Gas Supplies to Turkey by 3 Billion Cubic Meters/Year
Dec 20, 2012Russia is ready to increase its gas supplies to Turkey by 3 billion cubic meters/year,a spokeswoman for Russia's energy ministry told Platts late Tuesday. "In principle,Russia is ready to increase supplies to Turkey by 3 Bcm/year,we are ...
Tags: Russia, gas supplies, Turkey, Blue Stream pipeline
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Atlantic Coast ULSD Stocks Were at 20.109 Million Barrels
Dec 20, 2012Atlantic Coast ULSD stocks were at 20.109 million barrels,up 2.7 million barrels,in the reporting week ended December 14,the Energy Information Administration said Wednesday.This was the highest rise in inventories on a weekly basis since ...
Tags: Atlantic Coast, ULSD, stocks, heating oil
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Japan's Output of Styrene Monomer in November Increased by 23% From October
Dec 20, 2012Japan's output of styrene monomer in November was 222,575 mt,up 23%from October but down 8%year on year,the Japan Styrene Industry Association announced Tuesday. This was the highest production of SM in a month since January when output ...
Tags: Japan, styrene monomer, output, Japan Styrene Industry Association
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Styrolution Announced a $66/Mt Increase on All US Polystyrene Resins
Dec 20, 2012Styrolution announced a 3-cent/lb($66/mt)increase on all US polystyrene resins,effective January 1,a company source said Wednesday. Styrolution's move followed an announcement by Americas Styrenics Tuesday that it would raise its US ...
Tags: Styrolution, 3-cent/lb, US polystyrene resins, benzene
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Saudi Chemanol Is Considering Setting up Several New Specialty Chemical Projects
Dec 20, 2012Saudi Arabia's Methanol Chemicals Company or Chemanol is considering setting up several new specialty chemical projects over the next four to five years,company CEO Khalid Ibrahim Al Rabiah said Wednesday. Most will use methanol or ...
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Participants in The US Petrochemical Markets Were Mixed on The Impact
Dec 20, 2012As negotiations between the International Longshoremen's Association and employers represented by the US Maritime Alliance remain in a stalemate,participants in the US petrochemical markets were mixed on the impact,with some sellers ...
Tags: negotiations, International Longshoremen's Association
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Invista Produces a Series of Specialty LYCRA Fiber Products
Dec 20, 2012Invista, one of the world’s largest integrated producers of polymers and fibers, announces the start-up of a new production line in Tuas, Singapore, designed specifically to produce a series of specialty LYCRA fiber products to serve ...
Tags: Invista, investement, production line, polymers and fibers
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O-Xylene Prices Inched Down in The Week Ending November 3.
Dec 20, 2012In Korea, O-Xylene prices inched down in the week ending November 3. Overall, market sentiment was dull and downstream demand was sluggish. In the initial days of the reporting week, prices were at US$ 1460/ton, slightly lower as compared ...
Tags: O-Xylene, downward trend, downstream market, O-Xylene price
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North American Benchmark Price of MEGlobal Would Rise to 62 Cents/Lb
Dec 19, 2012MEGlobal told customers Friday its North American benchmark price for monoethylene glycol would rise to 62 cents/lb in January, a 2 cents/lb increase over its December level, according to sources. On Thursday, Indorama Ventures informed ...
Tags: MEG benchmark, Chemicals, monoethylene glycol, MEG
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