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

SM Was Assessed at $1,699/Mt FOB Korea Monday, up $24.50/Mt From Friday

Jul 4, 2013

The price spread in Asia between styrene monomer and its main feedstock benzene soared to an all-time high of $501.50/mt Monday, Platts data showed, as the SM market surged on news that South Korea's Lotte Chemical had delayed the restart ...

Tags: SM-benzene, Chemicals

Statoil Is Now an Operator in Both Arenas,a Coup for The Norwegian Company

Jul 4, 2013

Nearly a decade after re-entering the US Gulf of Mexico and five years into its shale play foray onshore, Statoil is now an operator in both arenas, a coup for the Norwegian company best known for harsh-environment marine operations. ...

Tags: Statoil, foray onshore

Price Spread Assessed at $1,425/mt on Friday

Jul 4, 2013

The price spread between CFR Far East Asia polypropylene and feedstock propylene narrowed to flat, with both prices assessed at $1,425/mt on Friday, according to Platts data. PP prices shed $5/mt day on day to $1,425/mt CFR Far East Asia ...

Tags: PP Margin, Chemicals

NYMEX Natural Gas Futures Contract Posted a Preliminary Settlement Price of $3.577/MMBtu

Jul 3, 2013

The NYMEX August natural gas futures contract posted a preliminary settlement price of $3.577/MMBtu Monday, 1.2 cents higher than on Friday, after trading sideways on low cooling demand in the central and south-central US and some ...

Tags: Gas Futures, Chemicals

China's New Natural Gas Pricing Mechanism Will Create Two Separate Bands of Prices

Jul 3, 2013

China's new natural gas pricing mechanism will create two separate bands of prices across the country with an average difference of 42%, although over 90% of supply will still be priced at the lower level. The National Development and ...

Tags: Natural Gas, Chemicals

NWE Benzene July CP Has Been Fully Settled at Eur978/mt or $1,274/mt CIF ARA

Jul 3, 2013

The Northwest European July benzene contract price has been fully settled at Eur978/mt or $1,274/mt CIF ARA, according to negotiating parties. The settlement is down Eur67/mt ($79/mt) from the June contract price of Eur1,045/mt ($1,353/mt) ...

Tags: BASF, Chemicals

Mexico's PMI Is Set to Export 1.4 Million Barrels of Fuel Oil in July

Jul 3, 2013

Mexico's PMI is set to export 1.4 million barrels of fuel oil in July from the country's Pacific Coast, a source familiar with the company's operations said Friday. The trading arm of state-owned oil and gas producer Pemex, PMI plans to ...

Tags: Fuel Oil, Chemicals

Shell's Hopes on The US Gulf Coast Would Benefit From Much-improved Process Efficiencies

Jul 3, 2013

Shell's hopes for a new gas-to-liquids mega project on the US Gulf Coast would benefit from much-improved process efficiencies, but any resulting cost savings could be limited by the need to build most of the plant outside the US, Shell ...

Tags: gas-to-liquids mega, Chemicals

Leaders of The World's Leading Gas Exporting Nations Are Due to Meet in Moscow Monday

Jul 3, 2013

The leaders of the world's leading gas exporting nations are due to meet in Moscow Monday for the second summit of the Gas Exporting Countries Forum to discuss the future of the gas market amid uncertainties over the supply and demand ...

Tags: Gas Exporting

Panamax Coal Freight Rates Helped by Robust Activity in The Atlantic Basin

Jul 3, 2013

Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week higher Friday, helped by robust activity in the Atlantic basin. "The Atlantic basin is firm for both Supramaxes and ...

Tags: Coal Freight Rates, Atlantic Activity Boosts

US Polypropylene Contracts for June Were Settling This Week at a 3-cent/lb Increase

Jul 3, 2013

US polypropylene contracts for June were settling this week at a 3-cent/lb ($66/mt) increase, following a similar hike on feedstock propylene, sources said Friday. The 4% increase pushed homopolymer injection grade polypropylene to 74-75 ...

Tags: Polypropylene, Chemicals

Premium of Styrene Over Benzene in The Northwest European Market Rose to a Nine-month High

Jul 3, 2013

The premium of styrene over benzene in the Northwest European market rose to a nine-month high of $448/mt Thursday as spot price trends between the feedstock and its derivative diverged, Platts data showed. The premium, assessed Thursday, ...

Tags: Styrene Premium, Chemicals

NYMEX August Crude Settled $1.43 Higher at $97.99/barrel Monday on Middle East Tensions

Jul 3, 2013

NYMEX August crude settled $1.43 higher at $97.99/barrel Monday on Middle East tensions and as better-than-expected manufacturing data from Europe helped boost US equities. NYMEX's rise outpaced ICE August Brent's 84-cent gain to $103/b, ...

Tags: US Dollar Index

US Exported The Second Highest Volume of Petroleum Coke Ever in April

Jul 3, 2013

The US exported the second highest volume of petroleum coke ever in April, according to US Energy Information Administration data. The EIA April data, released Friday, show exports of 17.78 million barrels, second only to December 2011, ...

Tags: Petroleum Coke Volume

LANXESS Developes New Polyester Material Based on PET for LED Housings,Sockets

Jul 3, 2013

LANXESS, a leading specialty chemicals company, has developed a new polyester material based on polyethylene terephthalate (PET), Pocan TP 555-001, which is perfectly suitable for manufacturing housings, sockets and other components for ...

Tags: LED Housings, chemicals, Lights, Lighting

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