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China's Appetite for Imported Naphtha Has Grown

May 31, 2015

China's appetite for imported naphtha has grown since the start of the year on the back of strong demand from petrochemical producers, market sources and traders said this week Imports of the petrochemical feedstock over January-April ...

Tags: Imported Naphtha, Naphtha

Asian Paraxylene Buyers Placed Their Counterbids for June at $1,150-1,170/Mt CFR

Jun 3, 2014

Asian paraxylene buyers placed their counterbids for June at $1,150-1,170/mt CFR, more than $100/mt lower than nominations for the Asian contract price, sources close to the negotiations said Thursday. There are four PX ACP sellers in ...

Tags: paraxylene, oil

South Korea's November Exports of Isomer-Grade Mixed Xylenes Fell 14% From October

Dec 18, 2013

South Korea's November exports of isomer-grade mixed xylenes fell 14% from October to 27,372 mt due to a turnaround and lower shipments to key market China, data released Monday by the Korea Customs Service showed. South Korea exported ...

Tags: Petrochemical, Energy

Taiwan's CPC Will Likely Sell 10,000-30,000 Mt of Isomer-Grade Mixed Xylenes in 2014

Dec 11, 2013

Taiwan's CPC will likely sell 10,000-30,000 mt of isomer-grade mixed xylenes in 2014, as it runs one paraxylene units every other month and keeps the other two PX units shut due to thin margins, a market source said Monday. CPC has been ...

Tags: Taiwan, CPC, paraxylene, chemical

ExxonMobil Chemical Business Is Helped by Feedstock Flexibility

Nov 21, 2013

Innovation and integration resulting in greater feedstock flexibility have provided a significant competitive advantage for ExxonMobil’s chemical business, Steve Pryor, President of ExxonMobil Chemical Company, told attendees at the ...

Tags: ExxonMobil, Textile

PTT Global Chemical Revealed Its Operating Performance in The Third Quarter of 2013

Nov 15, 2013

PTT Global Chemical revealed its operating performance in the third quarter of 2013, which showed increasing profits even againt the impact of three major events which had placed constraints on its operations, the incidents included an oil ...

Tags: PTT Global Chemical, Textile

Taiwan's CPC Will Become a Net Exporter of Isomer-Grade Mixed Xylenes in 2014

Oct 17, 2013

Taiwan's CPC will become a net exporter of isomer-grade mixed xylenes in 2014 from being a net importer as it has been producing more MX by using feedstock reformate supplied by its own system, a company source said Wednesday. "We are ...

Tags: taiwan, oil, Metallurgy, Mineral, Energy

Aromatics Plan Will Be Restarted by JX Nippon on Oct 19

Oct 14, 2013

JX Nippon Oil & Energy Corporation is likely to restart its Sendai, Japan-based aromatics plant on October 19, 2013, after a maintenance turnaround. "The plant is under a maintenance turnaround since September 18, 2013," a company ...

Tags: Textile

Foster Wheeler AG Was Awarded a Contract by K.S.C for a Pre-Feasibility Study

Oct 10, 2013

Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Petrochemical Industries Company (K.S.C.) (PIC) for a pre-feasibility study and a market report for a proposed ...

Tags: Foster Wheeler, Textile

Taiwan's FCFC Is Maintaining Run Rates at Three Aromatics Plants at 90-100% of Capacity

Sep 11, 2013

Taiwan's Formosa Chemical and Fiber Corp is maintaining run rates at its three aromatics plants at 90-100% of capacity despite paraxylene production margins remaining poor, a company source said last Friday. The price spread between Asian ...

Tags: taiwan, Chemicals

Price Shrank $9/mt Day on Day to a One-year Low of $175/mt on a CFR Basis Wednesday

Sep 9, 2013

The price spread between Asian paraxylene and isomer-grade mixed xylenes shrank $9/mt day on day to a one-year low of $175/mt on a CFR basis Wednesday as PX prices turned top heavy while MX remained bullish, Platts data showed. Asian ...

Tags: MX Firms

South Korea's HC Petrochem Plans to Further Cut Runs at Its No 2 Aromatics Plant at Daesan

Sep 3, 2013

South Korea's HC Petrochem plans to further cut runs at its No 2 aromatics plant at Daesan to 70% from early next week, due to weak production margins for paraxylene, a company official said Thursday. "Operating at 70% capacity is the ...

Tags: Chemicals, HC Petrochem

South Korea's Benzene Exports to China Rebounded 11,848 Mt or 188.3% Month on Month

Aug 16, 2013

South Korea's benzene exports to China rebounded 11,848 mt or 188.3% month on month to 18,139 mt in July, data released Thursday by the Korea Customs Service showed. The surge was due to the narrowing price gap between domestic and ...

Tags: Benzene Exports, Chemicals

HC Petrochemical Is Operating Its Daesan, No.2 Aromatics Plant at Reduced Rate

Aug 13, 2013

Hyundai Cosmo (HC) Petrochemical Ltd. is operating its Daesan, South Korea-based No.2 aromatics plant at reduced rate. “The No. 2 aromatics plant is running at 80 percent operating rates due to lower Mixed Xylene (MX) – ...

Tags: Petrochemical, Aromatics Plant

Borealis Would Invest Eur65mn to Upgrade The Borstar PE2 Plant Technology

Jun 27, 2013

Borealis said Tuesday it would invest Eur65 million ($85.4 million) to upgrade the Borstar PE2 (polyethylene2) plant technology to the third generation, extending the Borstar PE platform at its production site in Porvoo, Finland. "This ...

Tags: Chemicals

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