The European MTBE factor reached its highest level in eleven months Tuesday supported by ongoing demand for exports, according to market sources. The factor was calculated at 1.204, with MTBE FOB ARA at $1,147/mt versus Ebob gasoline at ...
Tags: MTBE Exports, Chemicals
High inventories have pushed the spot price of monoethylene glycol in China to the lowest level seen since July 2012, Platts data showed Tuesday. Weakness in the domestic market pressured down the import price of MEG to $916/mt CFR China ...
Tags: MEG Prices, Domestic Market
China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...
Tags: Curbing Demand, Tax Change
Spot prices for delivered cargoes of North Sea propane have increased on renewed buying from the petrochemicals sector, according to industry sources. In the early part of this month the spot price of CIF North Sea propane was just above ...
Tags: Propane, Petrochemicals
Russia's gasoline and naphtha exports rose in January, as the cheaper ruble versus the US dollar made export netbacks more attractive, trading sources said. According to Energy Ministry figures, 384,370 mt of gasoline were exported in ...
The spot price for FOB butane barges in the Amsterdam-Rotterdam-Antwerp region have remained weak since the beginning of the year on poor demand, industry sources said Thursday. In winter, butane barges from ARA refineries are used for ...
Tags: Ara Butane, Chemicals
European olefin buyers said they are more optimistic about a decrease in ethylene contract prices than propylene for February, amid tightness in propylene. Buyers are aiming for a fall in both contract prices following the direction of ...
Tags: Spot propylene, CIF NWE, FD NWE, deep sea import
China's first direct coal-to-oil project, operated by the country's leading coal producer, Shenhua Group, produced 866,000 tonnes of oil products last year. The direct coal liquefaction line is located in Ejin Horo Banner, Ordos City in ...
Tags: Coal Producer, Oil Products
Ethylene spot prices have softened marginally for the first time since December 6 as feedstock naphtha prices fell, sources said. Ethylene was assessed at Eur1,000/mt ($1362) FD NWE Wednesday, down Eur7.50/mt on the day. Naphtha was ...
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction (E&C) Group has been awarded a contract by STAR Rafineri A.Ş., a subsidiary of SOCAR Turkey, for project management ...
Tags: Foster Wheeler, STAR Rafineri, SOCAR Turkey
Qatar Petroleum(QP)and Qatar Petrochemical Company(QAPCO)have revealed the logo of the Al Sejeel Petrochemical Complex,bearing the colors of the Qatari flag,and also announced the award of the project's Front-End Engineering and ...
BASF, Ludwigshafen, Germany, and American technology provider Renmatix Inc. of Philadelphia, Pennsylvania, will jointly scale up the Renmatix Plantrose process for the production of industrial sugars based on lignocellulosic biomass. The ...
US-based firm General Electric Co. (GE) and Egyptian private company Carbon Holdings have signed a US$ 500 million agreement to provide technology and equity support for the building of a Greenfield naphtha cracker and olefins complex in ...
Tags: Naphtha Cracker, GE
The Asian paraxylene/naphtha spread slumped to 28-month low of $440.38/mt on Friday, down $14.62/mt from the previous day, with the regional PX market hit by rising supplies. The CFR Taiwan/China PX price benchmark inched down $0.50/mt ...
Tags: PX Supplies, PX-Naphtha
European polyethylene spot prices have extended their gains this week, rising Eur10/mt ($13.40/mt) on the week to Eur1,270-1,275/mt FD Northwest Europe, which market sources attributed to tighter supplies as European LDPE producers scale ...
Tags: Polyethylene, Tight Supplies