European benzene's premium to naphtha has topped the $450/mt mark for the first time since the start of February, as naphtha languishes at multi-month lows and benzene rises despite seemingly weak fundamentals. The benzene-naphtha spread ...
Tags: NWE, Benzene-Naphtha, Chemicals
European naphtha prices have come under pressure from run cuts in the polyolefin chain as well as falling crude prices, with ICE Brent futures sinking to an eight-month low Friday, sources said. CIF NWE naphtha was assessed at $846.50/mt ...
Tags: polyethylene market, polyethylene
Nabisco, a brand owned by US-based Mondelez International, has launched a new range of crackers, a new addition to its Triscuit range. The new range includes Brown Rice Triscuit that is available in various flavors such as seasoned with ...
Japan's Toyo Engineering Corp and Egypt's Engineering for Petroleum and Process Industries will jointly construct a 400,000 mt/year polyethylene plant in Alexandria, Toyo said Tuesday. The joint contract is for $400 million and Egyptian ...
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
NYMEX May crude settled 16 cents lower at $97.07/b on Monday, as the complex came under pressure from a combination of weaker-than-expected US manufacturing data and the closure of ExxonMobil's 96,000 b/d Pegasus crude pipeline on Friday. ...
Tags: NYMEX Crude, Pipeline
Aiming to expand presence in the petrochemical space, Indonesia’s biggest polyethylene producer, PT Titan Kimia Nusantara Tbk plans to construct a naphtha cracker complex near its industrial plant in Merak, Banten. Johanes Bambang ...
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 ...
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
Nishimoto Trading, a US-based establishment, is recalling Kotsubukko snack food in the US as it may contain milk, which is not mentioned on the label. The product subject to the recall is 4.37oz Kameda Brand Rice Cracker Kotsubukko ...
Tags: snack food, milk, Nishimoto
Shell Chemicals is more than likely to re-enter the polyethylene market with its new proposed petrochemical complex in Pennsylvania, but it would not be a core business for the company, Executive Vice President of Shell Chemicals Graham ...
Tags: Shell, polyethylene market, Shell Chemicals
LyondellBasell executives, led by CEO Jim Gallogly, told participants at the company's Investor Day in New York how LyondellBasell is preparing to build upon its record 2012 performance which included $5.8 billion of EBITDA and earnings of ...
Tags: Lyondellbasell, Record Performance, Textile
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