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Butadiene-Naphtha Spread Hits 7-Year High

Jan 30, 2017

The Asian butadiene-naphtha price spread hit a seven-year high of $2,557.38/mt CFR last Friday amid extremely tight supply globally and strong demand for downstream products such as styrene-butadiene-rubber, SB latex and ...

Tags: Butadiene Naphtha, styrene

Asian Propylene's Length Seen Set to Deepen 2016 Term Discounts

Nov 6, 2015

Asian propylene term contract discussions for 2016 are likely to conclude at larger discounts than this year due to an increase in supply in the region, market sources said this week. A source at a producer in South Korea estimated the ...

Tags: propylene, spot market

Prices for Large Cargoes of Butane in Northwest Europe Fell to The Lowest Level in a Year

May 16, 2014

Prices for large cargoes of butane in Northwest Europe fell Tuesday to the lowest level in a year on low demand and ample supplies. Platts assessed the price of a 4,000 mt CIF refrigerated cargo of mixed butane loading 10-25 days forward ...

Tags: Butane, mixed butane

US Propylene Inventories at The End of Q1 Were 3.6% Higher Than Year-Ago Levels

May 5, 2014

US propylene inventories at the end of first quarter of 2014 were 3.6% higher than year-ago levels and 1.5% above stocks at the end of the previous quarter, revised data from the American Fuel & Petrochemical Manufacturers trade group ...

Tags: Propylene, propylene production

US Spot Ethylene Settled at a 12-Week High to Be Assessed at 56.5-57 Cents/Lb FD USG

Apr 29, 2014

US spot ethylene settled at a 12-week high Thursday to be assessed at 56.5-57 cents/lb FD USG, up 3 cents/lb week on week, as a delay in the startup of a major transmission line between Texas and Louisiana, tightening supply amid a busy ...

Tags: Spot Ethylene, Spot ethylene prices

The US Ethylene Market Could Have Six New World-Scale Steam Crackers Online by 2017-2019

Mar 28, 2014

The US ethylene market could have six new world-scale steam crackers online by 2017-2019, Dow Chemical's Jim Fitterling said Wednesday. Speaking at the IHS World Petrochemical Conference in Houston, Fitterling announced expansions for the ...

Tags: Ethylene Market, steam crackers, ethane crackers

South Korea's Spot Supply of Solvent-Grade Mixed Xylenes for April Loading Will Fall

Mar 18, 2014

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

Ethylene Spot Prices Have Softened Marginally for The First Time

Jan 21, 2014

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 ...

Tags: Ethylene, Naphtha

QP and QAPCO Have Revealed The Logo of The Al Sejeel Petrochemical Complex

Dec 20, 2013

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 ...

Tags: Qatar Petroleum, Qatar Petrochemical Company

China's Independent Teapot Refineries in Shandong Province Expanded Their Capacities

Nov 5, 2013

China's independent teapot refineries in eastern Shandong province have significantly expanded their capacities in the last few years ahead of an end-2013 deadline set by the government to eliminate smaller plants. In an effort to cool ...

Tags: Teapot, Fuel Oil, Refineries

Taiwan's Formosa Petrochemical Is Expected to Continue Using LPG as Alternative Feedstock

Oct 29, 2013

Taiwan's Formosa Petrochemical Corp. is expected to continue using LPG as alternative feedstock at its steam crackers until after November when it will switch to fully using naphtha, an industry source said Friday. The plan comes as prices ...

Tags: Steam Cracker, Formosa

The State-Owned Company Is Now Offering Butadiene at Yuan 8,500/Mt

Aug 15, 2013

China Petroleum and Chemical Corp, or Sinopec, raised its ex-works butadiene price effective late Monday, the second hike in four days, end-users said Tuesday. The state-owned company is now offering butadiene at Yuan 8,500/mt, or about ...

Tags: Sinopec, China Petroleum

Korea Petrochemical Industry Company Said Thursday Its First-quarter Net Profit Rose 32.7%

Jun 4, 2013

South Korea's petrochemicals maker Korea Petrochemical Industry Company said Thursday its first-quarter net profit rose 32.7% year on year to Won 6.9 billion ($6.1 million), from Won 5.2 billion a year earlier. Operating profit also ...

Tags: Chemicals, Energy, Petrochemical Industry

The Availability of Spot Butane at The French Mediterranean Port of Lavera Is Tight

May 29, 2013

The availability of spot butane at the French Mediterranean port of Lavera is tight due to petrochemicals and export demand, according to industry sources Tuesday. During the summer, surplus butane from refineries at Lavera is used as an ...

Tags: Spot Butane, Export Demand

Chevron Phillips Chemical Has Declared a Force Majeure for Its Polyethylene Products

May 16, 2013

Chevron Phillips Chemical has declared a force majeure for its polyethylene products, according to a letter to customers Tuesday that was obtained by Platts. The company said in the letter that the move was caused by a "contingency event" ...

Tags: Chevron Phillips, Polyethylene

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