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Industry Views
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Northwest European Styrene Monomer Benchmark Has Climber $137.50/mt or 8.9%
May 16, 2013The Northwest European styrene monomer benchmark has climber $137.50/mt or 8.9% from a year-to-date low of $1,537.50/mt on April 22 to $1,675/mt FOB ARA Tuesday, Platts data showed. The rally was due to a combination of increasing demand ...
Tags: NWE Styrene, styrene monomer
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Oil Complex Settled Lower Monday on Bearish China Data and Increased OPEC Production
May 15, 2013The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil
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Dry Gas Plays Will 'Come Back Into The Money' with a Price Between $4.50-$5/MMBtu
May 15, 2013Natural gas-supported plays such as the Haynesville, Fayetteville and Barnett bring a sufficient internal rate of return of around 20% at a gas price of $5/MMBtu, while the Marcellus has the same rate of return at $4, analysts with Platts ...
Tags: Shale Gas Drilling, Natural gas
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It Has Started Construction of an Eastern Section of Its Third West-East Gas Pipeline
May 15, 2013China National Petroleum Corp said Monday that it has started construction of an eastern section of its Third West-East gas pipeline in China. Work has started on the Ji'an-Fuzhou segment of the pipeline on May 9, which will run through ...
Tags: Natural Gas, Gas
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US Ethylene Margins Climbed for The Week Over The Weekend Pushed Spot Markets Higher
May 15, 2013US ethylene margins climbed for the week as production issues over the weekend pushed spot markets higher Monday. Power outages were reported at Flint Hills Resources in Port Arthur, Texas, and at Chevron Phillips Chemicals' Sweeny ...
Tags: ethylene margins, ethylene
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A Tanker Carrying Around 10,000 Mt of Ethanol Is Due for Arrival in The European Ports
May 15, 2013A tanker carrying around 10,000 mt (12,680 cu m) of ethanol loading in the west coast of Central America is due for arrival in the European ports of Amsterdam-Rotterdam-Antwerp by late May, according to a shipping report by broker SPI ...
Tags: Ethanol Shipment, Chemicals
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Vietnamese Prime Minister Nguyen Tan Dung Has Agreed in Principle to The Construction
May 15, 2013Vietnamese Prime Minister Nguyen Tan Dung has agreed in principle to the construction of a huge refinery and petrochemical complex by Thailand's PTT in the central Vietnamese province of Binh Dinh, a senior regional politician said Sunday. ...
Tags: PTT Vietnam, PTT
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The Recent Narrowing Is Set to Continue Into The Third Quarter,with $5/b a Possibility
May 14, 2013The recent narrowing in the Brent premium to NYMEX crude, which fell to a 17-month low of $7.48/b on Thursday, is set to continue into the third quarter, with $5/b a possibility, before widening again early next year, Goldman Sachs analysts ...
Tags: Brent/WTI, Brent premium
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Europe's Dominant Fuel Hit a Five-month High Thursday
May 14, 2013Wholesale premiums for ultra low sulfur diesel, Europe's dominant fuel, hit a five-month high Thursday, boosted by reduced production at refineries and low import volumes from the US and India, said traders Friday. The Northwest European ...
Tags: Refinery Run, Force Diesel Price
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FSRUs Serve as an Entry Solution to The LNG Market for Smaller Volumes of LNG Imports
May 14, 2013Floating storage and regasification units serve as an entry solution to the LNG market for smaller volumes of LNG imports, John Sattar, an LNG and natural gas consultant with Poten & Partners, said in an industry event Thursday. "Given ...
Tags: FSRUs, LNG Markets
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Union-affiliated PWCS Employees Will Stop Work for Four Hours Between 10 Am and 2 Pm
May 14, 2013Members of five trade unions employed at the Port Waratah Coal Services shipment facility for coal exports at Newcastle port in eastern Australia have called a four-hour strike next Wednesday in an escalation of their industrial dispute ...
Tags: PWCS, Coal Terminals
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Profitability of an Average 100 Million Gal/year Ethanol Plant Climb to Highest
May 14, 2013The profitability of an average 100 million gal/year (378 million lit/year) ethanol plant based in the Midwestern US region surged in April to the highest since November 2011 due to falling input costs, a study from Iowa State University ...
Tags: Ethanol Margins, ethanol plant
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Spread Between Asian SM and Benzene Prices Widened to a Six-week High of $356.50/mt
May 14, 2013The spread between Asian styrene monomer and benzene prices widened to a six-week high of $356.50/mt Thursday, up $20/mt or 6% from a day earlier, as China's shrinking SM inventories lifted SM prices, Platts data showed. The last time the ...
Tags: SM-Benzene, Benzene
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China Government Leaves It to Public to Decide to Allow CNPC to Establish a Chemical Plant
May 13, 2013In view of the protests staged last week, China Government has left it to the public to decide to allow China National Petrochemical Corp. (CNPC) to establish a new chemical plant in Kunming, capital city of Yunnan Province in south-west ...
Tags: Metallurgy, Mineral, Energy
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European ETBE Premium to MTBE Hit The Highest
May 13, 2013The European ETBE premium to MTBE hit the highest since April 12 Tuesday due to stronger market fundamentals, according to Platts data and trading sources. The ETBE premium to MTBE rose to $54.75/mt at Tuesday's market close from ...
