The production of paraxylene, a key raw material needed for production of polyester fabrics, is getting stagnated in China, as new projects are getting derailed, which may affect the textile companies that use PX as a raw material. ...
Tags: Chinese Textile Firms, paraxylene
Gevo, the world's only commercial producer of bio-based isobutanol, announced that it has brought its second million liter fermenter and GIFT system online at its Luverne, Minn. facility. "We have been successful in operating full-scale ...
Tags: Gevo, Gift System
July contract prices for US polyethylene terephthalate are likely to fall, a producer sources said Wednesday, predicting that lower feedstock prices could lead to a 1 cent/lb drop from June levels. US PET June contracts were assessed at ...
Tags: pet, Pet Contract, polyethylene terephthalate, Chemicals
July contract prices for US polyethylene terephthalate are likely to fall, a producer sources said Wednesday, predicting that lower feedstock prices could lead to a 1 cent/lb drop from June levels. US PET June contracts were assessed at ...
Tags: Feedstocks, Pet Contract Prices
The July US paraxylene contract price settled at 71 cents/lb ($1,565.27/mt), one cent lower from June's contract price, sources said Tuesday. The settlement is in line with market expectations of a 1-2 cents decline because of a weak spot ...
Tags: Paraxylene CP, Chemicals
The utilization of surplus naphtha capacity is a key driver of Indian petrochemical sector, according to a top official with the Indian Oil Corporation. The utilization of surplus naphtha and stranded propylene from refineries, as well as ...
Tags: Naphtha, Petrochemical Sector
The Sohar-based aromatic plant of Oman Refineries and Petrochemical Industries Company (Orpic) has attained record levels in benzene and paraxylene production, which has grown by 51 percent as compared to last three year’s average ...
Tags: Textile, Orpic Aromatic Plant
Negotiations for the July Asian Contract Price for paraxylene have drawn buyers to make a counterbid of $1,300/mt CFR on Wednesday, almost $200/mt lower than sellers' nominations, sources close to the negotiations said. There are four ACP ...
Tags: oil, Metallurgy, Mineral, Energy, Polyester
US spot mixed xylene prices have fallen a total of 11 cents ($33.33/mt) since June 17, last assessed Friday at $3.90/gal ($1,181.70/mt) FOB US Gulf Coast, which sources attributed to bearish demand and a weaker energy complex. MX prices ...
Tags: Mixed Xylene, Chemicals
The average production margin for Asian purified terephthalic acid in May rose to minus $48.89/mt, the highest level seen since July 2012, amid firm PTA demand for polyester, Platts data showed. In April, the average stood at minus ...
The spot market for Asian isomer-grade mixed xylenes is likely to shrink to a third of its current size next year as a major spot seller diverts a large chunk of its product into making paraxylene, market sources said Thursday. "The ...
Tags: Chemicals, spot market
The Asia Contract Price for paraxylene is likely to reach a settlement for June, after no conclusion for May, as a firmer purified terephthalic acid production margin has narrowed the gap between buyers and sellers, sources close to the ...
Tags: paraxylene, Chemicals
The Asian purified terephthalic acid margin on a spot basis hit a 10-month high Tuesday amid the bearish market for feedstock paraxylene due to active selling by Chinese PTA producers, Platts data showed. Based on Platts PTA and PX ...
The backwardation structure in the Asian paraxylene market narrowed to $2/mt Thursday from $5/mt Wednesday as front-month laycans were seen to be weaker than back-month and amid heavy spot PX selling by Chinese purified terephthalic acid ...
Tags: Chemicals, PTA producers
Major Chinese purified terephthalic acid makers offered down their paraxylene feedstock Monday as the May PX Asia contract price failed to settle at the end of April. The PX ACP, negotiated monthly between four PX producers and five PTA ...
Tags: PTA, PX Feedstock, ACP