BEIJING, Jan. 23 (Xinhua) -- China will see a wider shortage of paraxylene (PX) supply in 2014, a research report warned on Thursday. The supply gap will be up to 9.5 million tonnes in 2014, said a report by the economics and technology ...
Tags: PX, Sinopec, Chemical, environment
The Asian paraxylene market flipped into contango Monday -- the first time in six months -- as spot supply started building up amid thin demand for prompt February cargoes ahead of the Lunar New Year holidays. The CFR Taiwan/China PX ...
Tags: Paraxylene, Chemicals
Chinese purified terephthalic acid producers BP and Hengli have deferred the startup of their new PTA plants to 2015 from the fourth quarter this year, amid negative PTA margins, sources close to the company said Friday. The startup of BP ...
Negotiations for the January Asian Contract Price for paraxylene remained slow Friday, the final negotiation day, with neither buyers nor sellers revising their prices to narrow a wide gap, sources close to the talks said. There are four ...
Tags: Paraxylene, Chemicals
South Korea's November exports of isomer-grade mixed xylenes fell 14% from October to 27,372 mt due to a turnaround and lower shipments to key market China, data released Monday by the Korea Customs Service showed. South Korea exported ...
Tags: Petrochemical, Energy
Taiwan's CPC will likely sell 10,000-30,000 mt of isomer-grade mixed xylenes in 2014, as it runs one paraxylene units every other month and keeps the other two PX units shut due to thin margins, a market source said Monday. CPC has been ...
Tags: Taiwan, CPC, paraxylene, chemical
US-based bio-fuel manufacturer Virent has collaborated with petroleum alternatives licensor Renmatix to convert affordable cellulosic sugars to renewable chemicals and bio-based packaging materials. Under the partnership, Renmatix will ...
Tags: Packaging Materials, Packaging
The Asian paraxylene/naphtha spread slumped to 28-month low of $440.38/mt on Friday, down $14.62/mt from the previous day, with the regional PX market hit by rising supplies. The CFR Taiwan/China PX price benchmark inched down $0.50/mt ...
Tags: PX Supplies, PX-Naphtha
Annual paraxylene term negotiations for 2014 have gotten off to a slow start in Asia, and talks are expected to be protracted, as the supply/demand fundamentals are expected to change significantly halfway through next year, sources ...
Tags: paraxylene term, Chemicals
EQUATE Petrochemical Company President & CEO Mohammad Husain said that the Gulf’s total production capacity of petrochemicals and chemicals will exceed 150 million metric tons. On the occasion of EQUATE’s sponsorship of the ...
Tags: Petrochemical Capacity, Textile
The spread in Asia between paraxylene and feedstock isomer-grade mixed xylene hit a three-year low of $160/mt Wednesday, amid an open arbitrage into Asia for PX but tight regional supplies for isomer-MX. On Wednesday, Platts assessed the ...
Tags: Paraxylene, Chemicals
The price spread between Asian paraxylene and isomer-grade mixed xylenes narrowed $19/mt Monday from Friday's level, to $173/mt, a one year-low, as MX was strengthening amid a bearish PX market, Platts data showed. Isomer-MX on an FOB ...
Tags: Metallurgy, Mineral
Gevo, Inc. announced its financial results for the three months ended September 30, 2013 and provided an update on recent corporate highlights. Highlights: - Reports EPS of ($0.34) including $1.6 million non-cash gain from the change in ...
The Asia price spread between paraxylene and feedstock naphtha narrowed $16.12/mt day on day to $485.88/mt last Friday, nearing the lowest level seen in 2013, amid rising PX supply, Platts data showed Monday. The spread is at the second ...
Tags: Paraxylene, PX-Naphtha
The Western Asian Arab country of Kuwait’s state owned petrochemical firm, Petrochemical Industries Company (PIC) is expecting an annual 46 percent increase in its production capacity after the initiation of new strategic projects for ...