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Petrochemicals News

Japan's Feb ethylene output falls 11% on month; naphtha imports slide 17%, 14th Mar 2018 

Japan's ethylene production in February fell 10.7% from a month earlier to 522,000 mt, the Ministry of Economy, Trade and Industry said in a statement Wednesday...Read More#mce_temp_url#

Saudi Arabia eyes Indian crude market comeback, new downstream ventures, 25th Feb 2018 

Saudi Arabia was not bothered by "short-term fluctuations" in its share of crude oil supplies to India, the world's third largest importer, and was looking to take on new joint venture refinery projects in the country, energy minister Khalid al-Falih said Saturday...Read More

European producer Inovyn to expand ECU, VCM capacities in Norway, 14th Feb 2018

Inovyn, which is owned by Ineos, said Wednesday it was to expand its vinyl chloride monomer and electrochemical unit capacity at Rafnes, Norway...Read More

Asia: The week ahead in petrochemicals, w/c Feb 12, 12th Feb 2018 

Trading activity in the Asian petrochemical markets was expected to slow down further this week ahead of the Lunar New Year festival. Most of these markets were dragged down last week, as buying thinned ahead of the Lunar New Year holidays and also due to the slide in crude oil futures...Read More

US ethylene production higher in Q4 2017: AFPM, 31st Jan 2018 

US ethylene production rose in the fourth quarter of 2017 while stocks moved lower compared with the third quarter of the same year, data from the American Fuel and Petrochemical Manufacturers showed Wednesday...Read More

NWE propane hits 8-month low against naphtha on weak petchem demand, 24th Jan 2018 

Propane in Northwest Europe sank to its largest discount to naphtha in nine months on Tuesday, as participants said the market was well covered for January and end-user demand for naphtha remained weak...Read More

Europe petchems switch to propane; discount to naphtha widest in 8 months, 12th Jan 2018 

Petrochemical buyers in Europe are beginning to crack propane over naphtha, reversing a seasonal pattern that has typically seen propane attract feedstock buying in the summer rather than winter months...Read More

Asia ethylene 2018 term offers start at $80/mt premium, up $30-$35/mt on year, 20th Dec 2017 

Asian ethylene suppliers are pegging their initial offers for 2018 term contract negotiations at a premium of $80/mt based on CFR Northeast Asia-linked formula, market sources said Wednesday...Read More

Asia: The week ahead in petrochemicals, w/c Dec 18, 18th Dec 2017  

Talk of the divestment of one of China's largest traders of toluene and benzene from Southeast Asia was set to be the focus of the Asian petrochemical market this week...Read More

EU chemical industry output up 3% in 2017, 2% seen for 2018: Cefic, 7th Dec 2017

The growth in the EU's chemical industry output is expected to reach 3% for 2017, but drop to 2% in 2018, the European Chemical Industry Council (Cefic) said in a statement Thursday...Read More

Chinese recycling ban to support virgin polymer demand: CEOs, 29th Nov 2017

The upcoming ban on imports of waste plastics in China will support demand for virgin polymers, a number of petrochemical company heads said at the GPCA conference in Dubai this week..Read More

Bearish European polyethylene market looks to ethylene price jump for recovery, 23rd Nov 2017 

Spot prices for the whole family of polyethylene products in Europe dropped again this week as buyers stepped out of the market, but talk in the market has turned to a possible ethylene price hike on the back of surging naphtha to take prices out of their rut..Read More

Asia: The week ahead in petrochemicals, w/c Nov 13, 13th Nov 2017

In Asian petrochemical markets this week, all eyes will be on crude oil futures and its influence on the downstream markets. ICE November Brent crude oil futures rose $3.20/b week on week to $63.94/b at the 0830 GMT close of Asian trade last Friday.Read More

Saudi oil-to-chemicals project to take first tentative step this year: reports, 31st Oct 2017 

Saudi Arabia is close to completing a feasibility study for a pioneering new facility to convert crude oil directly to petrochemicals, bypassing the need for the refining process, senior officials said Wednesday.Read More

Asia: The week ahead in petrochemicals, w/c Oct 30, 30th Oct 2017 

Mixed signals were seen in the Asian petrochemical market this week, following last week's price declines in major building blocks such as ethylene, butadiene and styrene monomer despite a bullish upstream market.Read More


Flint Hills' Houston PDH unit up after unplanned shutdown: source, 17th Oct 2017  

Flint Hills Resources has restarted Tuesday its 545,000 mt/year propane dehydrogenation unit in Houston, a source with knowledge of operations said Tuesday.Read More

US EIA says propylene stocks fall, refinery run rates rise, 12th Oct 2017 

US stocks of propylene for non-fuel use in the week that ended October 6 shed 272,000 barrels to 3.036 million barrels, Energy Information Administration data showed Thursday.Read More

EPCA: European expandable polystyrene 2017 market may fall on low Jan-Apr demand, 4th Oct 2017

The European expandable polystyrene market may decline in 2017 on low demand in the first few months of the year, despite August-September having been stellar months for EPS with strong expectations for October, sources said on the sidelines of the EPCA conference in Berlin this week.Read More

Analysis: Asia ABS, PP block copolymer get support from firm Chinese auto demand, 3rd Oct 2017 

The acrylonitrile-butadiene-styrene margin in Asia is holding near a four-year high despite the fall in pricesRead More

European propylene imports in Jan-Jul jump 22.7%: Eurostat, 20th Sep 2017 

European Union member countries imported a total of 255,523 mt of propylene in the first seven months of the year, up 22.7% on the year, Eurostat data shows. Read More

Asia propane-naphtha spread turns positive as propane surges on Harvey havoc, 7th Sep 2017, 20th Sep 2017
Asian propane prices held above naphtha, after the premium hit 18-month highs last week, stoked by loading delays of LPG cargoes from the US Gulf Coast to Asia due to Hurricane Harvey and tight Middle Eastern spot supply, heralding an earlier-than-usual rally ahead of peak winter demand for the gas, according to traders this week. Read More

More than 40% of US ethylene capacity taken offline because of Harvey, 28th Aug 2017, 7th Sep 2017
More than 40% of US ethylene capacity was taken offline because of Hurricane Harvey, based on S&P Global Platts estimations. Read More

Mukesh Ambani's Reliance Industries said to mull India power storage with BP, 22nd Aug 2017
Reliance Industries Ltd, owned by Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country's growing renewable energy sector, according to two people with knowledge of the plan. Read More

European spot cracker margins rise 8% since start of month, 16th Aug 2017
European spot cracker margins have risen to Eur666.75/mt ($784) since the start of August and 4% over the same period of 2016 amid a tightening of domestic ethylene supplies that has sent spot prices higher. Read More

Naphtha demand slows on good petrochemical coverage, supply pressures ease, 4th Aug 2017
Demand for naphtha in Northwest Europe waned slightly towards the end of the week with petrochemical end-users well covered over the next few weeks, according to sources, further easing supply pressures Read More

Saudi domestic crude oil demand to rise with new petrochemicals units, 25th July 2017
The startup of new petrochemicals units in Saudi Arabia should push the kingdom's domestic crude oil demand to 2.9 million b/d by the end of the year, up 100,000 b/d from 2016, Riyadh-based Jadwa Investments said in a research note Tuesday Read More

Japan's May ethylene, derivatives exports fall 3% on month, 18 July 2017
Japan's export of ethylene and ethylene derivatives in May fell 3% from a month earlier to 200,400 ethylene equivalent tonne, the Ministry of Economy, Trade and Industry said on Monday Read More

Braskem selects The Linde Group as EPC contractor for new PP line, 11th July 2017
Brazil's Braskem has selected The Linde Group as the lead engineering, procurement and construction (EPC) contractor for the proposed new 450,000 mt/year polypropylene line in La Porte, Texas, Braskem said Tuesday. Read More

European polypropylene prices seen temporarily bottoming out in July, 5th July 2017
European polypropylene (PP) spot prices could temporarily bottom out in July following a Eur50/mt contract price drop in monomer propylene to Eur790/mt FD NWE in June. Read More

Petrochemicals shun unseasonably expensive propane in Europe, 27th June 2017
The spot European propane market has struggled to compete for petrochemical interest at the tail end of June, as naphtha prices have been dragged lower by a weakening crude market and propane cargo prices were supported by a closed arbitrage from the US Gulf Coast to Europe Read More

Late declarations hamper July-delivery Asian paraxylene market, 27th June 2017
Procedures to facilitate the physical delivery of paraxylene cargoes into Asia have been breaking down in recent months, with delays in port and laycan advisories worsening considerably since late May, affected market participants have told S&P Global Platts Read More

Japan's May ethylene output falls 3% on month to 535,900 mt: METI, 14th June 2017, 27th June 2017
Japan's ethylene production in May fell 2.5% from April to 535,900 mt, the Ministry of Economy, Trade and Industry said late Tuesday. Read More

US April polypropylene exports drop, imports rise on month: AFPM, 7th June 2017
US polypropylene exports in April totaled 83,017 mt, down 28% from 115,462 mt in March, data from the American Fuel and Petrochemical Manufacturers showed Tuesday. Read More

Asian polyethylene margins mostly positive over Jan-May, outlook for H2 upbeat, 1st Jun 2017, 7th June 2017
Polyethylene margins for integrated producers using naphtha, coal and ethane as feedstock remained positive over January-May, according to producers and S&P Global Platts data Thursday. Read More

Asian ethylene-naphtha spread sinks to four-month low, 24th May 2017
The spread between ethylene and naphtha prices in Asia sank $35.63/mt day on day to be calculated at $601.50/mt Tuesday, the lowest level since January 18, 2017, when it was at $593.88/mt, S&P Global Platts data showed. Read More

NWE naphtha slumps to weakest level of 2017 on ample supply, lack of spot buying, 19th May 2017
The Northwest European naphtha cargo price weakened to a five-month low versus naphtha swaps Thursday, while the paper structure flipped into contango after more than four months in backwardation, as a lack of spot buying interest weighed on sentiment amid healthy supply. Read More

Polymer offers slip in GCC countries as demand drops before Ramadan, 11th May 2017
Polymer offers in the Gulf Cooperation Council region have slipped $30-$50/mt for May as the markets prepare for holy month of Ramadan when demand tends to be lower. Read More

European polyethylene prices turn bearish as market lengthens, 19th Apr 2017
Sentiment in the European polyethylene market appears to have turned bearish as many in the industry expect price declines in May because of weak demand, an increase in imports and high industry stock levels Read More

EU styrene premium to feedstocks plummet to six-month low threatening operating rates: market sources 12th Apr 2017
European styrene's premium to feedstocks -- ethylene and benzene -- has plunged to a six-month low this week, which could lead to a reduction in operating rates at styrene units, according to S&P Global Platts data and market sources Read More

Total announces $1.7B local investment, 28th March 2017
Total petrochemicals have announced a $1.7 billion investment to expand the company's activities in Texas on Monday. Read More

Kuwait's PIC plans to triple olefins, polymers capacity by 2030, 13th Mar 2017
Kuwait's Petrochemical Industries Company plans to more than triple its olefins and aromatics production capacity from the current 5 million mt/year to 16 million mt/year by the year 2030, the official Kuwait News Agency reported Monday Read More

Feature: Future China paraxylene start-ups cool enthusiasm for new non-Chinese PX projects, 10th Mar 2017
Major capacity additions in the Chinese paraxylene market in the next four years, estimated to be at least 20 million mt/year over 2017-2021, are forcing a rethink of new projects elsewhere in Northeast Asia, industry sources said Thursday. Read More

Jan-Feb polyethylene margin falls 37% on year on poor PE demand, strong naphtha, 1st Mar 2017
The polyethylene-naphtha margin averaged $159/mt over January-February, down a sharp $100/mt or almost 37% from the same period last year, S&P Global Platts calculations showed Wednesday. Read More

European polystyrene, ABS buyers brace for Mar price rise on demand, feedstocks, 24th Feb 2017
European polystyrene and acrylonitrile butadiene styrene market participants are preparing for another price rise in March because of a pick-up in demand and rising feedstock prices, sources said this week Read More

NWE petrochemicals set to crack more LPG, marginally less naphtha in March, 17th Feb 2017
Many European petrochemical end-users are expected to resume cracking propane in March and crack more butane as both gases' prices are likely to weaken relative to naphtha due to the end of winter season, market sources said this week. Read More

Northeast Asia-Southeast Asia ethylene price spread hits record high, 8th Feb 2017
The spread between Northeast Asia and Southeast Asia ethylene prices widened $30/mt day on day to hit a record high of plus $175/mt Wednesday, S&P Global Platts data showed Read More

Asian ethylene-naphtha spread widens to near five-month high, 5th Feb 2017
The spread between ethylene and naphtha prices in Asia widened $29/mt day on day to $717/mt last Friday, the highest level since September 28, 2016, when it was calculated at $760.38/mt, S&P Global Platts data showed. Read More

Dow Chemical expects ethylene to tighten as 2017 PE expansions come online, 26th Jan 2017
Dow Chemical is expecting ethylene supply to tighten and pricing to strengthen as US polyethylene expansions come online in 2017, the company said Thursday. Read More

NWE naphtha complex getting boost from rising demand for propane, 18th Jan 2017
An accumulation of supportive fundamentals was seen boosting sentiment in the Northwest European naphtha market Wednesday, despite an arbitrage to Asia that remained difficult to work. Read More

Start-up of 4 mil mt/year of new Iranian methanol capacity delayed: trade sources, 12th Jan 2017
About 4 million mt/year of new Iranian methanol capacity expected to begin production this year has been delayed from its original schedule, trade sources said. This is expected to help support the product's prices globally, they added Read More

Asian propylene hits 17-month high on tight supplies, 28th Dec 2016
The FOB Korea propylene benchmark jumped $19/mt from last Friday to $870/mt Tuesday, the highest level since July 8, 2015, when the price was assessed at $880/mt, S&P Global Platts data showed Read More

US monoethylene glycol firms to one-year high on stronger Chinese prices, 12th Dec 2016
The surging pricing in China has applied upward pressure to US monoethylene glycol, but sparse spot availability has limited the opportunities to take advantage of an arbitrage, sources said. Read More

GPCA: Persian Gulf petchems sector expansion faces uphill battle - Sabic CEO, 28th Nov 2016
Persian Gulf nations hit hard by the latest oil market downturn are planning major investments in their downstream petroleum sectors as they seek to export higher value products in place of crude while achieving economic diversification. Successful petrochemicals expansion, however, is easier said than done amid intensifying global competition, delegates at the region's premier petrochemicals conference heard Monday. Read More

US shale petrochemicals to affect European market by 2018-19: Borealis CFO, 23rd Nov 2016
High volumes of shale ethane and the petrochemicals manufactured from it are expected to hit the European petrochemicals market in 2018-2019 as new production capacities emerge in the US, a senior official at Austrian major Borealis said Tuesday. Read More

Mideast naphtha premiums jump on Asia demand as petrochemical maintenance ends, 15th Nov 2016
Middle Eastern FOB naphtha premiums have been improving towards double digits over the past week on strengthening Asian winter demand and the return of petrochemical plants from maintenance, traders said Tuesday. Read More

ADNOC plans to increase petrochemicals and refining capacity by 2030, 8th Nov 2016
The UAE's Abu Dhabi National Oil Co plans to increase its downstream refining and petrochemicals capacity as part of a newly approved strategy from the government, ADNOC's CEO said Monday. Read More

Iran's petrochemical capacity to grow threefold by 2025: consultancy, 3rd Nov 2016
Iran is set to increase its total petrochemical capacity from 59 million mt to 180 million mt within the next 10 years, an executive from US consultancy firm Frost & Sullivan said Thursday on the sidelines of the 4th CMRI Petrochemical Conference in Seoul. Read More

European polypropylene market tight in copol, high melt-flow PP: sources, 25th Oct 2016
The European polypropylene market is tight in high melt-flow PP and copolymer despite remaining well balanced in normal grades, industry sources said Monday Read More

S Korea's LG Chem to boost Daesan ethylene output by 22% in 3 years, 11th Oct 2016
South Korea's LG Chem plans to increase the ethylene production capacity of its naphtha-fed steam cracker at Daesan by 230,000 mt/year, or 22%, to 1.27 million mt/year in the next three years, the company said Monday Read More

Indonesia's Chandra Asri considers major expansions over 2019-2025, 17th Oct 2016
Indonesia's Chandra Asri

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