US steam cracker margins rose week on week as feedstocks prices declined, and while the continental US is enjoying a relatively warm winter. Mild weather forecasts for the upcoming months have lead to a drop in the price of propane, which ...
Tags: US, steam cracker margins, feedstocks prices
The European physical naphtha market and forward spreads have come under heavy pressure in recent days as weak LPG values have led some petrochemical end-users to turn their attentions to cracking propane, traders said Friday. Platts ...
Tags: naphtha, LPG, propane, petrochemical
Styron Europe will seek to increase general purpose and high-impact polystyrene prices in January by Eur110/mt ($143/mt), the company said Friday. "The price increase responds to the rising costs associated with the manufacturing of ...
Tags: polystyrene prices, polystyrene, styrene, benzene
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
Fueled by cheap natural gas liquids from the Eagle Ford Shale -- primarily ethane -- Texas' petrochemical industry will export 33% more ethylene and more finished plastics overseas by 2017, a report by the Federal Reserve Bank of Dallas ...
Tags: natural gas liquids, Texas, petrochemical industry, natural gas stream
The cash differential for FOB Singapore 0.5% sulfur gasoil fell to more than a three-year low Wednesday, amid ample supply in the region and weak buying appetite for the grade ahead of a change in sulfur specifications for the Singapore ...
Tags: FOB Singapore, sulfur gasoil, gasoil, Singapore
Mr SK Tripathi CDM of MSTC spoke to Excerpts of Business Line about how the high dividend paying company is reengineering its strategies to adapt to changing economic realities and improve profitability. Q-How has the economic slowdown ...
Tags: economic, revenue, market, E-commerce
Borealis said Friday it will raise all polyolefin prices for January 2013. Polyethylene prices will increase by Eur100/mt while prices for polypropylene will increase by Eur75/mt. "The decision to increase prices is based on the ...
Tags: Borealis, polyolefin, polyolefin prices, polyolefin market
US steam cracker margins climbed last week on higher spot prices and chemical plant outages. The US ethylene spot price jumped 6 cents on the week and was assessed Friday at 60-60.50 cents/lb FD USG, as olefins producer Williams ...
Tags: steam cracker, US, chemical plant outages, steam supply
European chemicals output will contract by 2.0 per cent in 2012 compared with 2011, European chemicals group Cefic said. A lowering of its forecast released in September, the chemicals trade body downgrade reflects recent data showing a ...
Tags: chemical sector, chemical, chemicals output, chemicals group
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 ...
Chinese refiner West Pacific Petrochemical Corp,or Wepec,has sold 40,000 mt of gasoil for loading over January 18-22 to PetroChina via private negotiations,trading sources said Wednesday. This is the third spot parcel sold by the refiner ...
Tags: Wepec, gasoil, private negotiations, PetroChina
Japan’s imports of naphtha, used in the production of ethylene, rose 6 percent year-on-year to 1.12 million tons in September 2012, the data from the Ministry of Economy, Trade and Industry revealed. On a month-on-month basis, ...
As part of its economic diversification plan, Qatar is likely to invest about US$ 25 billion in the country's petrochemical sector by 2020, according to a recent report released by Qatar National Bank (QNB). In its report titled ...
Tags: economic diversification plan, petrochemical sector, invest, QNB