Unifi, Inc. released preliminary operating results for its second fiscal quarter ended December 23, 2012. The Company reported net income of $2.4 million, or $0.12 per share, compared to a net loss of $7.6 million, or $0.38 per share, for ...
Tags: Unifi, second fiscal quarte, profits
The Northwest European styrene monomer/benzene spread has almost tripled in a month, widening $177.50/mt to $276.50/mt Wednesday, Platts data showed. The spread was $99/mt on December 17. While styrene spot values have declined ...
Tags: Northwest Europe, styrene monomer, benzene
PPG Industries reported fourth quarter 2012 net sales of $3.6 billion. Net income for the quarter was $227 million, or $1.46 per diluted share, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring ...
Tags: PPG, fourth quarter, 2012, net sales
The production margin for spot purified terephthalic acid hit a six-month high Wednesday following a sharp drop in feedstock paraxylene prices, but this still failed to lift the margin out of the red, Platts data showed. The PTA margin ...
Tags: PTA, paraxylene, price, Asia
Investment bank Goldman Sachs on Monday cut its 2013 US natural gas price forecast to $3.75/MMBtu form $4.25/MMBtu, saying mild winter weather across the US has failed to put a serious dent in storage levels. The bank said higher levels ...
Tags: Investment bank, Goldman Sachs, US, natural gas, price
Irving, Texas-based Commercial Metals Company announced Monday its financial results for fiscal Q1 2013, ended November 30, 2012. Net earnings attributable to CMC for the first quarter were $49.7 million on net sales of $1.8 billion. This ...
Tags: Energy, Cmc'S Earnings, Metals Company
Market experts predict that spot prices of Acetic acid in Asia may remain high in the initial period of the current year as plant operating rates are likely to be cut by major producers.The downstream market is oversupplied as per the ...
Tags: Asian acetic acid spot prices, rise, China
Styrene monomer traders Thursday said they remained bullish about the outlook for SM in the first quarter of 2013 and expect prices to stay firm even after hitting new record highs on almost a daily basis in December and to date in January. ...
Tags: Styrene monomer traders, outlook for SM, collapse, Chemicals
PPG Industries announced that it has declared force majeure for vinyl chloride monomer manufactured at the company’s Lake Charles, La., chemicals complex and for all grades of liquid caustic soda on a system wide basis. The company ...
Tags: PPG Industries, majeure, vinyl chloride monomer, iquid caustic soda
Entering in the penultimate year before the general elections in 2014 aspirations are soaring high about an imminent policy push by the government to kindle growth and demand in economy. Even the year is expected to end on a dour note ...
Tags: penultimate year, economy, India, Steel
Shandong-based independent refiners' gasoil and gasoline stocks climbed in the first half of December, because consumption was slow while production was still quite large amid high refinery operating rates, industry sources said. These ...
Tags: oil product stocks, Chemicals, stocks
Asian aromatics hit all-time highs this week on shrinking supplies and rising feedstock costs. Toluene and styrene monomer spot prices set new records Wednesday, assessed at $1,388.50/mt FOB Korea and $1,674/mt FOB Korea respectively while ...
Tags: Asian Aromatics, Chemicals, Tight Supply, Speculation
PPG Industries announced that its chlor-alkali complex in Lake Charles, La., experienced a production outage stemming from a major generator transformer failure, which resulted in an electrical disruption and subsequent shutdown of the ...
Tags: PPG, production outage, production stoppage
Spot prices for European low density polyethylene firmed this week, driven by dialed-down operating rates, sources said. "The only firm offer we got so far this week was from Turkey at Eur1,300/mt ($1,682/mt) FCA Aliaga," a trader said. ...
Tags: LDPE, Production Cuts, LDPE prices
Korea Petrochemical Industry Company (KPIC) is operating its Onsan naphtha cracker at full capacity rates, a company official said. Refuting media reports which mentioned that KPIC had reduced the operating rates to 75 percent, the ...
Tags: Korea, KPIC, Naphtha Cracker, Capacity Rates