Uncertainty over feedstock prices is putting a block on upward momentum in the European polyethylene terephthalate market, market sources said. Prices have been marching upwards recently as producers pushed through higher feedstock prices ...
Hambana Petrochemicals has announced plans to set up a $137.39m bottle grade polyethylene terepthalate (PET) packaging resin plant in the investment zone adjacent to Chinese-funded port in Sri Lanka. The company, which is promoted by ...
Tags: Hambana Petrochemicals, PET resin plant, packaging resin plant
The US Gulf Coast-Asia arbitrage for isomer-grade mixed xylenes on paper does not appear to be re-opening any time soon, as arbitrage economics continued narrowing, plunging to a five-month low Tuesday, Platts data showed. "The US-Asia ...
Tags: Asia arbitrage, Chemicals, USGC
Asia's paraxylene market extended falls Monday morning, with the CFR Taiwan/China PX price benchmark declining quickly to under the psychological $1,600/mt mark for the first time in three months under heavy sell pressure, market sources ...
Tags: paraxylene market, paraxylene, PX Market
US polyethylene terephthalate contracts settled 2.75-3 cents/lb higher for February, multiple sources said Friday. February PET contracts were assessed at 87.75-88.75 cents/lb US railcar ($1,935-1,957/mt), a 3 cents/lb increase over ...
US spot paraxylene fell $15/mt Tuesday to nearly a one-month low assessment of $1,595/mt FOB US Gulf Coast tracking weaker Asian levels. US spot PX was last seen at this level on January 28, when the assessment was at $1,595/mt FOB USG. ...
Tags: PX prices, paraxylene, PX
South Korea's S-Oil nominated its paraxylene Asia Contract Price for March at $1,750/mt, up $65/mt from its February settlement, sources close to the negotiations said Monday. There are four ACP sellers in Asia -- ExxonMobil, Idemitsu ...
Tags: South Korea, S-Oil, oil
Xylene splitter, a xylene separation tower used to produce aromatics, has been installed by the Jurong Aromatic Corporation (JAC) in Jurong Island, the petro chemical hub of Singapore. The xylene splitter was installed by the company ...
M&G Group of the US has signed an engineering, procurement and construction contract with China's Sinopec Engineering to build a polyethylene terephthalate and purified terephthalic acid plant in Corpus Christi, Texas, the company said in a ...
Tags: M&G Group, engineering, procurement, construction
Term contract discussions between Asian purified terephthalic acid producers and end-users are at a stalemate over a failure to agree on a new pricing formula, industry sources said Friday. The two sides typically finalize their term ...
Tags: PX price, Asia, PTA market
The production margin for spot purified terephthalic acid hit a six-month high Wednesday following a sharp drop in feedstock paraxylene prices, but this still failed to lift the margin out of the red, Platts data showed. The PTA margin ...
Tags: PTA, paraxylene, price, Asia
Petkim,the Turkish petrochemical producer,is pursuing a project,which would boost the purified terephthalic acid(PTA)capacity of its Aliaga plant by 50 percent,a company statement said. The project would raise the capacity of the ...
Thai paraxylene producer PTT Aromatics and Refining has concluded its 2013 term supply contracts at a premium of around $14/mt, up from last year's $9/mt, a company source said Wednesday. The producer settles its annual supply contracts ...
Tags: Chemicals, PTTAR, paraxylene, PTT Aromatics
Indorama Ventures PCL, Thailand, plans to expand its annual U.S. polyethylene terephthalate (PET) production capacity by 540,000 metric tons at an undisclosed brownfield location. The expansion is expected to be completed in the fourth ...
Tags: Textile World, Textile, US PET, PET
US-based Invista has acquired PET resin and feedstock technology from La Seda de Barcelona (LSB), for an undisclosed amount. The transaction gives Invista intellectual property related to PET, purified terephthalic acid feedstock and ...
Tags: Invista, PET resin, feedstock technology