Taiwan's Formosa Chemical and Fiber Corp is maintaining run rates at its three aromatics plants at 90-100% of capacity despite paraxylene production margins remaining poor, a company source said last Friday. The price spread between Asian ...
The price spread between Asian paraxylene and isomer-grade mixed xylenes shrank $9/mt day on day to a one-year low of $175/mt on a CFR basis Wednesday as PX prices turned top heavy while MX remained bullish, Platts data showed. Asian ...
Tags: MX Firms
Hyundai Cosmo (HC) Petrochemical Ltd. is operating its Daesan, South Korea-based No.2 aromatics plant at reduced rate. “The No. 2 aromatics plant is running at 80 percent operating rates due to lower Mixed Xylene (MX) – ...
Tags: Petrochemical, Aromatics Plant
In the corrugated giant's first half of the year statement published today (31 July), chief executive Gary McGann said the growth was the result of improved pricing, continued cost take-out and enhanced efficiency programmes. Revenue for ...
The South Korea based Lotte Chemical is operating its Yeosu-based monoethylene glycol (MEG) plant at reduced rates. “The MEG plant is operating at 40 percent operating rates due to weak demand and lower prices of MEG,” a ...
Tags: Lotte Chemical, Textile
Japan-based JFE Chemicals has reduced the production rates at its benzene plant. “We are currently operating the benzene plant at 70 percent of production capacity,” a JFE Chemicals official told fibre2fashion. He ...
Tags: JFE Chemicals, Textile
Negotiations for the July Asian Contract Price for paraxylene have drawn buyers to make a counterbid of $1,300/mt CFR on Wednesday, almost $200/mt lower than sellers' nominations, sources close to the negotiations said. There are four ACP ...
Tags: oil, Metallurgy, Mineral, Energy, Polyester
Poor demand has led Japan-based Mitsui Chemicals to reduce operating rates at its purified terephthalic acid (PTA) plant. “We are currently operating the PTA plant located in Iwakuni at 75% of production capacity because of poor ...
Tags: Mitsui Chemical, PTA Plant
South Korea's May exports of acrylonitrile increased 50.2% month on month to 35,249 mt, according to data released Saturday by the Korea Customs Service. The May exports were nearly four times those of May 2012, when South Korea exported ...
Tags: Chemicals, acrylonitrile
Sumitomo Chemical Co has reduced operating rates at its Caprolactam (CPL) plant to 50% capacity levels. This was revealed to fibre2fashion by a Sumitomo official. Providing reasons for lowering the rates, he said, “Demand from ...
Tags: Sumitomo Chemical, CPL Plant
Styrolution Europe has raised operating rates at its acrylonitrile-butadiene-styrene plant at Antwerp, Belgium to 80-85% capacity in June, a company source said Wednesday. The 250,000 mt/year ABS unit was running at 70-75% capacity in ...
Tags: Chemicals
Japan-based Idemitsu Kosan has lowered the operating rates at one of its benzene plants. “The benzene plant located in Tokuyama is currently operating at slightly more than 80% rates,” an Idemitsu official informed ...
Tags: Japan, Textile, Idemitsu, benzene plant
The Asia Contract Price for paraxylene is likely to reach a settlement for June, after no conclusion for May, as a firmer purified terephthalic acid production margin has narrowed the gap between buyers and sellers, sources close to the ...
Tags: paraxylene, Chemicals
Asian prices for monoethylene glycol are expected to remain under pressure this week because of record-high inventories, in spite of China's rebounding downstream polyester market, industry sources said Monday. MEG inventory levels in ...
Major Chinese purified terephthalic acid makers offered down their paraxylene feedstock Monday as the May PX Asia contract price failed to settle at the end of April. The PX ACP, negotiated monthly between four PX producers and five PTA ...
Tags: PTA, PX Feedstock, ACP