US spot refinery-grade propylene declined 0.75 cents/lb Thursday to reach a five-month low as propylene markets weaken, according to sources. Spot RGP was assessed at 58-58.5 cents/lb delivered, after May and June buying bids were heard ...
US May propylene contract price settlements fully settled at a 0.5 cent/lb ($11/mt) decrease compared with April's contract price, sources said Monday. The decrease puts prices for chemical-grade propylene at 69 cents/lb and polymer-grade ...
German chemical giant BASF plans to intensify its deep cooperation with Russia's Gazprom in Europe and internationally, the company's chief executive Kurt Bock said Friday. "Russia is important, very important for us," Bock said at BASF's ...
European polypropylene and polyethylene producers are targeting a May contract price increase because of low stock availability and seasonal demand, sources said. PE producers were aiming for increases of Eur20-60/mt ($28-83/mt) and PP ...
Tags: Polyolefin, PE, ethylene CP
US propylene inventories at the end of first quarter of 2014 were 3.6% higher than year-ago levels and 1.5% above stocks at the end of the previous quarter, revised data from the American Fuel & Petrochemical Manufacturers trade group ...
Tags: Propylene, propylene production
"We had a good start to the year in our chemicals business and in the Agricultural Solutions segment. We sold more. This more than compensated for the negative effects on sales from the comparatively weak U.S. dollar and currencies in ...
Tags: Construction, Decoration, Chemicals, Oil, Gas
BASF is evaluating an investment in a world-scale methane-to-propylene complex on the U.S. Gulf Coast. The on-purpose production of propylene to supply the company's North American operations would allow BASF to take advantage of low gas ...
Tags: Construction, Decoration, BASF
Initial nominations for US polymer-grade and chemical-grade May propylene contract prices are calling for a rollover at 71 cents/lb and 69.50 cents/lb, respectively, sources said Friday. ExxonMobil Chemical is the only producer with ...
Tags: Propylene, chemical-grade
Kazakhstan plans to build a major petrochemical complex by 2016 to produce higher-value products from associated petroleum gas that is currently mainly flared, according to an official at state-run KazMunaiGaz. The government aims to go ...
EPA builds a strong clean – energy economy in Texas $1.4 billion in economic development and over 1500 construction jobs The U.S. Environmental Protection Agency (EPA) recently issued a final greenhouse gas (GHG) Prevention of ...
Tags: EPA, Certification, energy economy
US April propylene contract prices settled 1 cent/lb ($22/mt) lower than March's contract prices, sources said Tuesday. The decrease puts the April chemical-grade propylene contract price at 69.50 cents/lb ($1,532/mt) and the ...
Tags: Propylene, chemical-grade
BASF and Sinopec today inaugurated two new plants for acrylic acid and superabsorbent polymers (SAP) at their state-of-the-art Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China. Additionally, a new butyl acrylate ...
Tags: Basf, Construction, Acrylic Acid, Chemicals
Market participants in Latin America are most likely to believe that polymer prices are going to decrease in the coming months, one of the main reasons the market is quite slow in countries such as Brazil, Peru and Colombia, sources said on ...
Tags: Polymer, polymer prices, Olefin
Russia's Gazprom Neftekhim Salavat has launched a new pyrolisis furnace at its Monomer petrochemical plant in Bashkortostan, in the Urals region of Russia, and expects its ethylene and propylene output this year will increase by around 13%, ...
Tags: ethylene output, ethylene
US polypropylene contracts could see a stable-to-down settlement for April, then rebound as early as May, market sources said Monday. A nomination for polymer-grade propylene contracts calling for a rollover of March pricing was giving PP ...
Tags: polypropylene, polymer-grade propylene, PGP