The formula-driven April US terephthalic acid price was heard set Monday at 61.57 cents/lb ($1,357/mt), a 4.98 cents/lb decrease from March after the settlement of the US paraxylene contract, industry sources said. US PTA contracts are ...
Tags: US PTA Price, PTA Price
After hitting an eight-month low on March 28, Asian isomer-grade mixed xylenes have seen a marked rebound as bargain hunters returned to the market and the downstream paraxylene sector showed signs of rising demand. From $1,119.50/mt FOB ...
Tags: Asian Isomer-Mx, Downstream
A purified terephthalic acid (PTA) plant operated by Mitsui Chemicals is presently operating at reduced capacity. “The PTA plant located at Iwakuni in Japan is currently running at 75% capacity rate, due to reduced demand for ...
Tags: PTA Plant, Mitsui Operating
UOP LLC, a Honeywell company, announced that its technology has been selected to produce key petrochemicals in a new complex in Brunei. Brunei Hengyi Industries Sdn Bhd, a subsidiary of China's Zhejiang Hengyi Group Co., will use several ...
Tags: aromatics, Brunei Petrochemical
Buyers of polyethylene terephthalate in Europe are reluctant to build inventories as they expect PET prices to decline in April, market sources said this week. These expectations are being driven by weaker upstream markets, as contract ...
Tags: Chemicals
Amoco Mitsui PTA Indonesia declared force majeure on purified terephthalic acid supplies from its 485,000 mt/year plant at Merak, with effect from Monday this week, after the operating rate at the plant unexpectedly dropped, sources close ...
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 ...
As negotiations for January polyethylene terephthalate contracts continue, some US producers have already begun to turn their sights to February with multiple announcements of 4 cents/lb increases to customers. Indorama Ventures USA ...
Tags: polyethylene, US, Indorama Ventures