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

The East/West Spread Recovered Thursday From 23-month Lows

Jul 18, 2013

The differential between the physical 180 CST viscosity high sulfur fuel oil in Singapore and 380 CST viscosity HSFO in Rotterdam -- known as the East/West spread -- recovered Thursday from 23-month lows, but remains subdued with the ...

Tags: Fuel Oil, oil, Metallurgy, Mineral, Energy

Taiwan's Appetite for LNG Imports in August Has Dwindled on Lower Gas Demand

Jul 18, 2013

Taiwan's appetite for LNG imports in August has dwindled on lower gas demand from the power sector, which saw state-owned CPC skip spot purchases for the month, sources said Friday. LNG sellers who had been marketing cargoes for August ...

Tags: taiwan, Metallurgy, Mineral, Energy, gas

Asian Naphtha Industry Gathered Thursday Debates Among Other Things a Recommendation

Jul 18, 2013

The Asian naphtha industry gathered Thursday for the start of the 22nd CFR Far East Open Specification Naphtha Meeting to debate among other things a recommendation that seeks to widen the scope of naphtha cargo origins for inclusion in an ...

Tags: Chemicals, Metallurgy, Mineral, Energy

China's Apparent Oil Demand in June Surged 11.7% Year on Year to 40.89 Million Mt

Jul 18, 2013

China's apparent oil demand in June surged 11.7% year on year to 40.89 million mt, or an average 9.99 million b/d, according to Platts' estimates Monday, based on the latest preliminary government data. This is the highest growth rate ...

Tags: Chemicals, oil, Metallurgy, Mineral, Energy

Reform in Mexico Has Been Talked About for Many Years

Jul 17, 2013

Reform in Mexico has been talked about for many years, but substantial change that would likely involve some degree of constitutional amendment seems finally at hand, a Mexican energy legal expert said Thursday. With production dwindling ...

Tags: Oil, Gas, Chemicals

Obama Administration's Ongoing Delay Is Stalling US Job Creation and GDP Growth

Jul 17, 2013

The Obama administration's ongoing delay in ruling on 20 pending applications to export liquefied natural gas is stalling US job creation and GDP growth, according to a new report from a conservative economic think tank. The report, ...

Tags: Chemicals, liquefied natural gas, gas, Energy

Valero Energy Will Build One of The World's Largest Methanol Plants at Its St. Charles

Jul 17, 2013

US refiner Valero Energy will build one of the world's largest methanol plants at its St. Charles, Louisiana, refinery, the company said Thursday. The $600 million-$700 million project will add a 1.6 million tons/year methanol plant at ...

Tags: Chemicals, Metallurgy, Mineral, Energy

PetroChina Has Received Chinese and Australian Federal Government Approval

Jul 17, 2013

PetroChina has received Chinese and Australian federal government approval to acquire from ConocoPhillips a 29% stake, valued at around A$32 million ($29 million), in a shale gas joint venture in Western Australia's Southern Canning Basin, ...

Tags: Chemicals, Metallurgy, Mineral, Energy, oil

The July US Paraxylene Contract Price Settled at 71 Cents/Lb

Jul 17, 2013

The July US paraxylene contract price settled at 71 cents/lb ($1,565.27/mt), one cent lower from June's contract price, sources said Tuesday. The settlement is in line with market expectations of a 1-2 cents decline because of a weak spot ...

Tags: Paraxylene CP, Chemicals

SM Consists of About 30% Ethylene and Roughly 70-80% Benzene

Jul 17, 2013

The spread between styrene monomer and its feedstock ethylene in Asia surpassed $500/mt for the first time Monday to hit a record high of $504/mt, Platts data showed, with the SM market continuing on its bullish streak due to tight supplies ...

Tags: SM-Ethylene, Chemicals

CNPC Has Commissioned China's First Dedicated Synthetic Coal Gas Pipeline

Jul 17, 2013

State-owned China National Petroleum Corp said Tuesday that it has commissioned China's first dedicated synthetic coal gas pipeline in western Xinjiang province. The 30 billion cubic meter/year Yining-Horgos pipeline passes through Yining ...

Tags: Gas Pipeline, Chemicals

NYMEX August Natural Gas Futures Contract Was Slightly Higher in Early Trading

Jul 17, 2013

The NYMEX August natural gas futures contract was slightly higher in early trading as the market attempts to evaluate the current heat wave with longer-term forecasts which call for normal temperatures, sources said. As of 10:41 a.m. EDT ...

Tags: Chemicals, natural gas

Rotterdam Eurobob Gasoline Barges and The August FOB Rotterdam Eurobob Swap Was Assessed

Jul 17, 2013

The backwardation between FOB Amsterdam, Rotterdam Eurobob gasoline barges and the August FOB Rotterdam Eurobob swap was assessed at $21/mt Monday, the widest since November 22, 2012, Platts data shows, tracking RBOB futures, sources said. ...

Tags: Gasoline Prompt, Chemicals

Premium of Second-month Cash Brent to Front-month Cash Dubai Widened to $4.08/barrel

Jul 17, 2013

The premium of second-month cash Brent to front-month cash Dubai widened to $4.08/barrel Tuesday, the first time the spread has breached $4/b since early-March as a combination of a rising Brent complex and lower fuel oil cracks have ...

Tags: Fuel Oil, Chemicals

EMS Group Achieved an Increase in Net Sales of 5.5% in The First Half of 2013

Jul 16, 2013

In the first half of 2013, the EMS Group, with its companies combined in EMS-CHEMIE HOLDING AG and with global activities in the business areas High Performance Polymers and Specialty Chemicals, achieved an increase in net sales of 5.5% and ...

Tags: Textile, Chemicals

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