Dragon Aromatics is likely to start commercial production at its No.2 Paraxylene (PX) plant by the end of this month. “We have achieved on-spec production at No.2 PX plant earlier this month and plan to start commercial production ...
Tags: Dragon Aromatics, PX plant
Taiwan's CPC will become a net exporter of isomer-grade mixed xylenes in 2014 from being a net importer as it has been producing more MX by using feedstock reformate supplied by its own system, a company source said Wednesday. "We are ...
Tags: taiwan, oil, Metallurgy, Mineral, Energy
Paraxylene market participants expect another tough round of negotiations for the Asian Contract Price for October amid tight PX supplies and a bearish downstream purified terephthalic acid market, sources close to the negotiations said ...
Tags: Chemicals
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that its subsidiary JSC United Petrochemical Company has signed a joint venture ("JV") agreement with Mexican company Grupo Petrotemex, ...
US toluene disproportionation margins have moved into negative territory after toluene spot prices moved higher against declining benzene and mixed xylene spot pricing. Mobil selective toluene disproportionation margins were also ...
Tags: Spot Toluene, Chemicals
China's domestic isomer-grade mixed xylenes prices have strengthened partly due to the startup of Dragon Aromatics' new 800,000 mt/year paraxylene plant in Fujian province late August, market sources said Thursday. "Hikes in domestic ...
Taiwan's Formosa Chemical and Fiber Corp is maintaining run rates at its three aromatics plants at 90-100% of capacity despite paraxylene production margins remaining poor, a company source said last Friday. The price spread between Asian ...
The price spread between Asian paraxylene and isomer-grade mixed xylenes shrank $9/mt day on day to a one-year low of $175/mt on a CFR basis Wednesday as PX prices turned top heavy while MX remained bullish, Platts data showed. Asian ...
Tags: MX Firms
The CFR Taiwan/China paraxylene price benchmark fell $8.50/mt from Friday to be pegged at $1,511.50/mt early Monday, after negotiators reached no settlement for September Asian Contract Prices, market sources said. Market sources said ...
South Korea's HC Petrochem plans to further cut runs at its No 2 aromatics plant at Daesan to 70% from early next week, due to weak production margins for paraxylene, a company official said Thursday. "Operating at 70% capacity is the ...
Tags: Chemicals, HC Petrochem
US spot paraxylene was assessed at a five-month high of $1,460/mt FOB US Gulf Coast on Wednesday. The last time spot paraxylene was seen higher than this level was on March 21, when it was assessed at $1,475/mt FOB USG, according to ...
Tags: Chemicals, paraxylene
Renewable chemicals and biofuels company Gevo has opened its demonstration-scale plant in Silsbee, Texas, US, backed by Coca-Cola and Toray Industries to manufacture renewable plastic component Paraxylene. The company is working with The ...
Tags: Plastic Component, Packaging
The August US paraxylene contract price settled at 73.5 cents/lb ($1,620.38/mt), an increase of 2.5 cents from July's contract price, sources said Tuesday. The settlement is in line with most market expectations for an increase, because ...
Tags: paraxylene, spot PX
South Korea's benzene exports to China rebounded 11,848 mt or 188.3% month on month to 18,139 mt in July, data released Thursday by the Korea Customs Service showed. The surge was due to the narrowing price gap between domestic and ...
Tags: Benzene Exports, Chemicals
Indorama Ventures Public Company Limited (IVL), the world’s largest PET company, achieved total sales revenue of US$ 1.9 billion in the second quarter of 2013, a rise of 9% over the same period last year. Margin gains in Asia ...
Tags: Pet Company