ExxonMobil Chemical has nominated an initial April polymer-grade propylene contract price down 7 cents from March to 66 cents/lb, market sources said Monday. Officials with the company could not be reached for immediate comment. The ...
Tags: CP Nomination, Exxonmobil, Propylene
The spot market for LPG cargoes loading out of the Middle East has softened amid weak demand from Asian buyers, according to market sources. This was reflected in the spot cargo price differentials, with Arcadia heard selling 44,000 mt of ...
The average price of butadiene in February rose 14% month on month to $2,007.50/mt FOB Korea amid tight availability and new downstream plants coming online. The first of about four butadiene rubber plants starting up in 2013 was ...
Tags: butadiene, butadiene price, butadiene market
European ethylene and propylene supply has tightened amid a spate of production issues, though the impact of this on spot prices is being moderated by poor derivatives demand, according to industry sources. Availability to the market had ...
Tags: NWE Ethylene, Propylene, LyondellBasell
The price gap between imported and domestically produced styrene monomer in key consumer market China, which hit its widest 11-month high Monday, may dampen demand for imports and potentially restrict buoyant global SM prices, market ...
Tags: styrene monomer, SM prices, China
Asian butadiene prices hit a more than six month high Monday on tight availability amid the startup of new synthetic rubber plants in China and higher naphtha feedstock costs. Butadiene prices surged 44% from a 2012 low of $1,455/mt FOB ...
Tags: butadiene prices, synthetic rubber, Asian naphtha prices
New paraxylene capacity of 2.6 million mt/year and benzene capacity of 820,000 mt/year will be built in Saudi Arabia over the next four years by Saudi Aramco, a source close to the state company said Tuesday. These aromatics capacities ...
Tags: Saudi Aramco, Benzene, paraxylene
Ineos Europe said Wednesday it has entered into 15-year shipping agreements with Danish shipping company Evergas for the transportation of ethane into Europe from the US Mariner East project. The Mariner East pipeline, processing and ...
Tags: Ineos Europe, shipping agreements, Evergas, US Mariner East project
US steam cracker margins climbed week-on-week as ethylene prices reacted to the news of planned and unplanned outages in the US Gulf Coast region. ExxonMobil suffered an upset at its Baytown, Texas, olefins plant Tuesday. Westlake ...
Tags: US, Ethylene Margins, ethylene prices, Production Outages, Feedstocks
US olefins producer Westlake Chemical has shut its Petro-2 steam cracker in Lake Charles, Louisiana, while it carries out expansion work, the company said Thursday. The expansion of the 565,000 mt/year cracker will be carried out in ...
Tags: US, olefins, Westlake Chemical, shut, ethylene
Aramco Far East (Beijing) Business Services, or Aramco Asia, has started offering polyolefins produced by Fujian Refining and Petrochemical in China effective January 1, its parent Saudi Aramco said late Monday. Aramco Asia will ...
Tags: Aramco Far East, polyolefins, Fujian Refining and Petrochemical
US steam cracker margins rose week on week as feedstocks prices declined, and while the continental US is enjoying a relatively warm winter. Mild weather forecasts for the upcoming months have lead to a drop in the price of propane, which ...
Tags: US, steam cracker margins, feedstocks prices
US steam cracker margins climbed last week on higher spot prices and chemical plant outages. The US ethylene spot price jumped 6 cents on the week and was assessed Friday at 60-60.50 cents/lb FD USG, as olefins producer Williams ...
Tags: steam cracker, US, chemical plant outages, steam supply
China's Panjin Ethylene Industry Corp. raised its butadiene offers by Yuan 300($48)/mt, or about 3%, to Yuan 11,310/mt ex-tank, effective Monday, local end-users said. This is PEIC's first price hike after slashing prices on five ...
Tags: PEIC, butadiene prices, Chemical Industry
Oman Daily Observers reported that Oman Gas Company is studying a number of initiatives designed to add value to the country's gas resources. Mr Maktoom al Matani GM of Engineering and Technical Services OGC said that the proposed ...