Artlant, Europe's largest purified terephthalic acid producer, is in the process of searching for an investment partner or buyer for the business, a source close to the company said Thursday. As a result, any plans to start up production ...
Tags: Artlant, Terephthalic Acid, PTA
Indorama Ventures has made its foray into Indian polyethylene terephthalate (PET) market with the acquisition of Micro Polypet (MicroPet) for an undisclosed amount. The company's wholly-owned subsidiary Indorama Ventures Global ...
The Chinese Ministry of Commerce released its Announcement No. 24 on August 10, 2015, , and decided to start the final review on anti-dumping measures against imported purified terephthalic acid from ROK and Thailand from the date of the ...
Tags: anti-dumping, acid, terephthalic acid
Asian polyethylene terephthalate production margins remain in positive territory despite a sharp fall in PET prices Wednesday, May 13, underpinned by seasonal demand peak and even sharper falls in feedstock prices, Platts data shows. ...
India’s Reliance Industries (RIL) will be commissioning a Purified Terephthalic Acid (PTA) plant and a Polyethylene Terephthalate (PET) resin plant at Dahej in the western state of Gujarat. The PET plant that has been built with ...
Tags: India's Reliance Industries, Purified Terephthalic Acid
Polyethylene terephthalate producer DAK Americas will increase US resin prices 3 cents/lb in July because of rising raw material costs, a letter to customers obtained by Platts on Thursday showed. On Wednesday, fellow US producer Nan Ya ...
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
Paraxylene (PX) production capacity is increasing in the global market, mainly because majority of the PX is utilized for production of purified terephthalic acid (PTA), a key raw material in the textile industry for making polyester ...
Tags: PX Capacity, PTA
The spread between Asian paraxylene and benzene fell to its lowest in more than nine years on Thursday, where it was assessed at minus $104/mt, down $0.50/mt from the the day before, Platts data showed. The last time the spread was lower ...
Tags: Paraxylene, Benzene
Counter bids for May Asian Contract Price for paraxylene were in a range of $1,040-1,100/mt CFR, sources close to the negotiations said Tuesday. There are four PX ACP sellers in Asia -- ExxonMobil, Japan's Idemitsu Kosan and JX Nippon Oil ...
Tags: Paraxylene, PX ACP
South Korea's spot supply of solvent-grade mixed xylenes for April loading will fall by up to half of its typical volume because of lower yields from naphtha-fed steam crackers' use of butane in its feedstock mix, a market source said ...
Tags: solvent-grade mixed xylenes, butane, LPG
PHD Chamber of Commerce and Industry has suggested the Indian Government not to impose anti-dumping duty on imports of Purified Terephthalic Acid (PTA) into India in view of its demand supply mismatch, which according to latest estimates ...
Tags: PHD Chamber, PTA Imports
Axiall Corporation and Lotte Chemical of the Republic of Korea announced that they have signed a Heads of Agreement to pursue a 50/50 joint venture arrangement for the design, construction and operation of a proposed 1 million metric ...
Tags: Ethane Cracker, Textile
The Asian paraxylene market flipped into contango Monday -- the first time in six months -- as spot supply started building up amid thin demand for prompt February cargoes ahead of the Lunar New Year holidays. The CFR Taiwan/China PX ...
Tags: Paraxylene, Chemicals
Chinese purified terephthalic acid producers BP and Hengli have deferred the startup of their new PTA plants to 2015 from the fourth quarter this year, amid negative PTA margins, sources close to the company said Friday. The startup of BP ...