European ethylene and propylene supply has tightened amid a spate of production issues, though the impact of this on spot prices is being moderated by poor derivatives demand, according to industry sources. Availability to the market had ...
Tags: NWE Ethylene, Propylene, LyondellBasell
The UAE's Abu Dhabi National Oil Co will shift its April 2013-March 2014 naphtha term cycle forward by a month, changing it to a May 2013-April 2014 term cycle instead, Asian naphtha trade sources said Friday. Should the term be ...
Tags: UAE, Adnoc, naphtha trade
Spot prices for delivered coaster cargoes of butane in Northwest Europe are being supported by tight refinery availability, according to industry sources this week. During the winter significant quantities of refinery butane are ...
Asian butadiene prices hit a more than six month high Monday on tight availability amid the startup of new synthetic rubber plants in China and higher naphtha feedstock costs. Butadiene prices surged 44% from a 2012 low of $1,455/mt FOB ...
Tags: butadiene prices, synthetic rubber, Asian naphtha prices
European solvents producers are under pressure to increase prices due to the drop in the value of the euro against the dollar despite poor-to-stable demand, sources said this week. In some cases, firm feedstock prices for most of February ...
Tags: NWE, European solvents, Chemicals
Westlake Chemical Corporation reported net income for the three months ended December 31, 2012 of $95.3 million, or $1.42 per diluted share, compared to net income of $26.4 million, or $0.40 per diluted share, reported for the fourth ...
Benzene's premium to feedstock naphtha slid to its lowest in the Northwest European market since October 18, breaching the psychologically important $400/mt mark for the first time since mid-November to be assessed at $379.75/mt at ...
Dragon Aromatics' startup of its 800,000 mt/year paraxylene plant in China's Fujian province may not proceed as planned in March due to regulatory scrutiny about changes to its feedstock mix, some market sources said Tuesday. China's ...
Japan based Showa Denko has reduced operating rates at its Naphtha Cracker plant. An official of Showa Denko informed fibre2fashion, “The plant is currently operating at 90% production capacity rate”. He further said, ...
Tags: Japan, Showa Denko, Naphtha Cracker plant
New paraxylene capacity of 2.6 million mt/year and benzene capacity of 820,000 mt/year will be built in Saudi Arabia over the next four years by Saudi Aramco, a source close to the state company said Tuesday. These aromatics capacities ...
Tags: Saudi Aramco, Benzene, paraxylene
Israel's refined oil product demand rose by 19% in 2012 due to sharply higher consumption of gasoil and fuel oil in the country's electricity sector, the country's Energy and Water Ministry said Wednesday. The ministry's Fuel and Gas ...
Tags: Israel, refined oil product, gasoil, fuel oil
Ineos Europe said Wednesday it has entered into 15-year shipping agreements with Danish shipping company Evergas for the transportation of ethane into Europe from the US Mariner East project. The Mariner East pipeline, processing and ...
Tags: Ineos Europe, shipping agreements, Evergas, US Mariner East project
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
US steam cracker margins climbed week-on-week as ethylene prices reacted to the news of planned and unplanned outages in the US Gulf Coast region. ExxonMobil suffered an upset at its Baytown, Texas, olefins plant Tuesday. Westlake ...
Tags: US, Ethylene Margins, ethylene prices, Production Outages, Feedstocks
The Northwest European naphtha discount to Eurobob gasoline has hit its widest in three months, due to weak naphtha demand for petrochemical use, traders said. At Friday's European close, CIF NWE naphtha cargoes were assessed at ...
Tags: naphtha, Eurobob gasoline, petrochemical use