Taiwan's Formosa Petrochemical Corp. is expected to continue using LPG as alternative feedstock at its steam crackers until after November when it will switch to fully using naphtha, an industry source said Friday. The plan comes as prices ...
Tags: Steam Cracker, Formosa
South Korea's petrochemicals maker Korea Petrochemical Industry Company said Thursday its first-quarter net profit rose 32.7% year on year to Won 6.9 billion ($6.1 million), from Won 5.2 billion a year earlier. Operating profit also ...
Tags: Chemicals, Energy, Petrochemical Industry
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 ...
South Korea's spot supply of solvent-grade mixed xylenes for April loading will likely halve from its typical volume because of lower yields from naphtha-fed steam crackers' use of butane in its feedstock mix, an industry source said ...
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
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
South Korea's largest ethylene producer, Yeochun Naphtha Cracking Center, said Thursday its net profit dropped 40% year on year to Won 144.7 billion ($133.5 million) for the first nine months of the year, compared with Won 241.3 billion a ...
Tags: ethylene producer, Naphtha Cracking Center, Operating profit, profit
The Asian mixed xylenes inventory in East China fell to 20,000 mt,a 44-month low Friday,Platts data showed. The inventory fell by 2,800 mt,or 12.3%,from a week earlier--the lowest level since March 15,2009,the data showed. The fall is ...
Tags: mixed xylenes inventory, Platts data, South Korea's Daesan port