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
Sanfangxiang Group has restarted a Purified terephthalic acid (PTA) plant in June 2013. “After a two week maintenance turnaround, we have restarted the PTA plant and it is operating at 100% rates since its restart”, a ...
Russian Prime Minister Dmitry Medvedev held a meeting on the development of the chemical and petrochemical industries. The attendees of the meeting included Deputy Prime Minister, Arkady Dvorkovich, Alexander Novak, the Minister of ...
Tags: Petrochemicals
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
The Chinese Government has given its final approvals to the BP Global Petrochemicals and its partner Zhuhai Port for the construction of a third purified terephthalic acid (PTA) plant at Zhuhai, Guangdong. Expected to start up in late ...
Tags: PTA Plant, Petrochemicals
British multinational oil and gas company BP and its partner Zhuhai Port have received final approval from the Chinese Government for the construction of a third purified terephthalic acid (PTA) plant, at Zhuhai, Guangdong. PTA is a key ...
Tags: Metallurgy, Mineral, Energy, oil, gas
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
The average production margin for Asian purified terephthalic acid in May rose to minus $48.89/mt, the highest level seen since July 2012, amid firm PTA demand for polyester, Platts data showed. In April, the average stood at minus ...
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
The Asian purified terephthalic acid margin on a spot basis hit a 10-month high Tuesday amid the bearish market for feedstock paraxylene due to active selling by Chinese PTA producers, Platts data showed. Based on Platts PTA and PX ...
The backwardation structure in the Asian paraxylene market narrowed to $2/mt Thursday from $5/mt Wednesday as front-month laycans were seen to be weaker than back-month and amid heavy spot PX selling by Chinese purified terephthalic acid ...
Tags: Chemicals, PTA producers
Major Chinese purified terephthalic acid makers offered down their paraxylene feedstock Monday as the May PX Asia contract price failed to settle at the end of April. The PX ACP, negotiated monthly between four PX producers and five PTA ...
Tags: PTA, PX Feedstock, ACP
China’s chemical project in Kunming, capital city of Yunnan province, is still being discussed and evaluated for setting up a project for production of paraxylene or PX, company officials of China National Petroleum Corp (CNPC) said ...
Tags: CNPC, PX Project, Textile
China based - Xianglu Petrochemical plans to start a new purified terephthalic acid (PTA) plant by the end of the third quarter. “Trial runs at the plant located at Fujian province, China are planned to be undertaken in the ...
Tags: Xianglu Petrochemical, PTA plant
Kazakhstan is planning to invest in setting up a purified terephthalic acid (PTA) plant at the cost of US$ 450 million in the Belarusian town of Mogilev. The existing location of OAO Mogilevkhimvolokno is being considered for setting up ...