The 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
JFE Chemicals which operates a benzene plant has reduced the operating capacity of the plant. “We are operating the benzene plant at 70% of production capacity due to lower demand in the market,” a JFE official told ...
The average run rate at "teapot" refineries in China's Shandong province dropped to 36.5% in April from 42% in March, due to slow sales of oil products, according to data from Beijing-based energy information provider JYD Commodities Hub. ...
Tags: Apr, oil products
It's reported that Nucor posted net earnings of US$84.8 million for the first quarter of 2013, lower than US$145.1 million in the same period of a year ago and US$136.9 million in the fourth quarter of 2012. In the first quarter of this ...
Tags: Metallurgy, Mineral, Energy
In its quarterly earnings release Thursday, Nucor announced net earnings of $84.8 million for Q1 2013, compared to earnings of $145.1 million in Q1 2012 and net earnings of $136.9 million in Q4 2012. Nucor's consolidated net sales ...
Tags: Nucor, Lower Earnings
Taiwan-based Oriental Union Chemical Corp. (OUCC) is operating its monoethylene glycol (MEG) plant at reduced operating rates. "Due to drop in demand from the market, OUCC has reduced operating rates to 80% of production capacity," an ...
Tags: Operating Rates, MEG Plant
European naphtha prices have come under pressure from run cuts in the polyolefin chain as well as falling crude prices, with ICE Brent futures sinking to an eight-month low Friday, sources said. CIF NWE naphtha was assessed at $846.50/mt ...
Tags: polyethylene market, polyethylene
Sumitomo Chemical has reduced operating rates at one of its acrylonitrile (ACN) plant in Japan. According to a Sumitomo company official, the ACN plant is presently operating at 85-90% of production capacity rates. The official ...
Tags: Sumitomo, Operating Rates
In a story published Sunday, the Blytheville Courier News reported that Nucor Steel Arkansas sent a memo to members of the Arkansas senate and House of Representatives earlier this month detailing why the company believes the construction ...
Tags: Progression, Big River Steel Mill, Mineral
Japanese based Mitsui Chemicals has scheduled a maintenance turnaround at its Monoethylene Glycol (MEG) plant in the third quarter of 2013. A Mitsui official told fibre2fashion, "The company has scheduled a maintenance turnaround in ...
Tags: MEG plant, Monoethylene Glycol, MEG
Styrene's premium to its feedstock benzene rose to its highest in four months in the Northwest European market, Platts data showed. The premium was assessed at $346/mt at Friday's close, mainly due to falling benzene prices. The premium ...
Tags: styrene, benzene, Styrene's premium
Japan based Showa Denko has reduced operating rates at its Naphtha Cracker plant. An official of Showa Denko informed fibre2fashion, “The plant is currently operating at 90% production capacity rate”. He further said, ...
Tags: Japan, Showa Denko, Naphtha Cracker plant
South Korea based Taekwang Industrial has reduced operating capacity of its Acrylonitrile (ACN) plant located in Ulsan. Taekwang is also planning to undertake a maintenance turnaround at the plant in February 2013. “Due to poor ...
Tags: Taekwang Industrial, operating capacity, ACN
Western European production of ethylene, propylene and butadiene in the fourth quarter of 2012 was down from the same period of 2011, according to the Association of Petrochemical Producers in Europe this week. Ethylene production in the ...
Tags: West European, Olefin Volumes, APPE, Chemicals
On Tuesday, Nucor Corporation announced net earnings of $504.6 million for the full year 2012, down from $778.2 million in 2011. Meanwhile, Q4 2012 income totaled $136.9 million, down slightly from net earnings of $137.1 million in Q4 2011 ...
Tags: Nucor Corporation, scrap, Steel mill