As negotiations for January polyethylene terephthalate contracts continue, some US producers have already begun to turn their sights to February with multiple announcements of 4 cents/lb increases to customers. Indorama Ventures USA ...
Tags: polyethylene, US, Indorama Ventures
Asian isomer-grade mixed xylene spot prices have slumped around 8% since reaching record highs of $1,427.50/mt FOB Korea and $1,446.50/mt CFR Taiwan on January 7, Platts data showed. On Wednesday, the mixed xylene was assessed at ...
Tags: mixed xylene spot, mixed xylene market, mixed xylene spot price
The January US terephthalic acid contract price was heard settling at 67.22 cents/lb ($1,482/mt), up 2.83 cents/lb after Thursday's settlement of the US paraxylene contract, industry sources said. Demand for US PTA remained low, while ...
Tags: terephthalic acid, acid contract price, US
Term contract discussions between Asian purified terephthalic acid producers and end-users are at a stalemate over a failure to agree on a new pricing formula, industry sources said Friday. The two sides typically finalize their term ...
Tags: PX price, Asia, PTA market
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
Prices for polyethylene terephthalate look set to climb over the coming weeks and months, as producers struggle to achieve acceptable margins while feedstock prices increase. So far this year, the European spot price assessment has ...
Tags: PET, price, polyethylene terephthalate, rise
Aramco Far East (Beijing) Business Services, or Aramco Asia, has started offering polyolefins produced by Fujian Refining and Petrochemical in China effective January 1, its parent Saudi Aramco said late Monday. Aramco Asia will ...
Tags: Aramco Far East, polyolefins, Fujian Refining and Petrochemical
The FOB Korea toluene 2013 term contracts were mostly concluded at a premium of $7-8/mt to the Platts FOB Korea toluene marker, traders and producers said Wednesday. This is an increase of around $2-3/mt from premiums for 2012 ...
Tags: toluene, toluene market, Honam, South Korea
Thai paraxylene producer PTT Aromatics and Refining has concluded its 2013 term supply contracts at a premium of around $14/mt, up from last year's $9/mt, a company source said Wednesday. The producer settles its annual supply contracts ...
Tags: Chemicals, PTTAR, paraxylene, PTT Aromatics
The Government of Indonesia wants the country to become net exporter of petrochemical goods by 2016 from its current status of net importer, and hence it is developing two new upstream petrochemical centres. Muara Enim in South ...
Tags: petrochemicals, petrochemical goods, petrochemical centres
Japanese petrochemical majors are scouting overseas countries to set up petrochemical plants either on the own or in joint ventures. Big petrochemical companies like Sumitomo, Asahi Kasei, Mitsui & Co, Mitsubishi Chemicals and Ube ...
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
The officials in the eastern Chinese city of Ningbo have halted the planned expansion of paraxylene (PX) production plant, owned by China Petroleum & Chemical Corp., known as Sinopec Group, after protests over the weekend. The ...
Tags: Sinopec, expansion of paraxylene, protests
In addition to supplying paraxylene for the upcoming Mogilevkhimvolokno plant, being set up as part of the state run Belarus chemical company Belneftekhim, Kazakhstan is also likely to participate in the project. Addressing a press ...
Tags: Kazakhstan, Belarus Pta Project
US spot mixed xylenes rose 5 cents/gal ($15.15/mt) Monday to a near three-month high at $4.80/gal ($1,469.55/mt) FOB US Gulf Coast on continued tight supply, sources said. Bids were heard at $4.65/gal FOB US Gulf, against a prompt offer ...