Most US ethylene margins rose late last week despite higher feedstock costs as some production issues helped push up ethylene spot prices, Platts data showed late Friday. US spot ethylene moved up 2.25 cents/lb week on week, to be ...
Tags: ethylene, Propane cracker, Propane
With 100% of its ethylene cracking capacity located in the Middle East and North America, US oil and petrochemical major Chevron is poised to benefit financially and competitively from its access to cheap feedstock, the company said ...
Tags: Chevron, oil, petrochemical
Reignited concerns over the domestic benzene demand as well as a stubbornly closed arbitrage to the US saw European benzene prices plunge below $1,300/mt for the first time since mid-October, Platts data show. Benzene barges were assessed ...
Tags: benzene, benzene demand, benzene barges
The spread between Asian solvent-grade mixed xylenes and feedstock naphtha was assessed by Platts at a six-month low of $184.875/mt on Friday, down $55.625/mt from a week ago. Solvent-MX market came under pressure from weak demand and ample ...
Tags: mixed xylenes, feedstock naphtha, naphtha
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 ...
Netherlands-based petrochemicals company LyondellBassell expects to eliminate imported naphtha from its US feedstock mix within the next few years, a company executive said Wednesday. Speaking at the IHS CERAWeek conference in ...
The Northwest European benzene market tumbled to a 15-week low of $1,335.5/mt Tuesday on a combination of weak downstream demand, upcoming derivatives turnarounds, a closed arbitrage to the US, as well as persistently high inventories, ...
Tags: benzene, US, Platts data
Margins for producing styrene monomer in Asia have shrunk rapidly in March as SM prices tumble amid weak sentiment in China, with the spread to feedstock benzene narrowing 17% and to naphtha shrinking 8% since the end of February, Platts ...
Tags: SM Margins, styrene monomer, Asia
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
The Northwest European March benzene contract price has been fully settled at Eur1,054/mt, or $1,380/mt, CIF ARA, industry sources confirmed Friday. The settlement represents an increase of Eur14/mt and a decrease of $28/mt compared ...
The spread between Asian toluene and feedstock naphtha was assessed at a more than four-month low of $263.125/mt Wednesday, down $23.275/mt from Tuesday, as the toluene market came under pressure from weak demand and falling domestic China ...
Tags: toluene, feedstock naphtha, Asia, toluene market
Northwest Europe gasoline crack swaps fell sharply at Tuesday's European close following a drop in NYMEX RBOB futures. Platts assessed the March Eurobob crack swap at $13.50/barrel Tuesday, down from Monday's $14.70/b and the lowest since ...
Tags: gasoline, NYMEX RBOB futures, NWE
Spot prices for barge lots of butane loading in the Amsterdam-Rotterdam-Antwerp area have gained support from petrochemical demand, according to industry sources. Surplus butane from ARA refineries can be absorbed into the MTBE, gasoline ...
Tags: ARA Butane, Petrochemical Demand, Chemicals
The Northwest European contract price for March-delivered butadiene was fully settled Tuesday at Eur1,415/mt FD NWE ($1,880/mt FD), following confirmation from two producers and two consumers involved in the negotiations. The increase ...
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