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Petrochemicals News

 

Asia petrochemicals outlook, w/c Sep 17

Platts.com, 17th Sep 2018

Demand and supply fundamentals, as well as the impact from a weakened yuan, will largely dominate Asian petrochemical markets in the week ahead. Paraxylene is expected to remain firm on strong November demand amid production issues in Asia, while benzene remains bearish due to an increase in supply for October and November...Read More

 

Upcoming cracker turnarounds to tighten olefins, polymers, lengthen naphtha market

Platts.com, 3rd Sep 2018

Several steam cracker maintenance programs scheduled in the September-October period are likely to drive up spot negotiations for olefins and polymers in the coming weeks...Read More

 

Asia petrochemicals outlook, w/c August 27

Platts.com, 27th Aug 2018

Demand in the Asian petrochemical markets are likely to remain mixed this week, with firm demand for purified terephthalic acid expected to give support to paraxylene prices. However, in the propylene market, higher supply following the restart of Jiangsu Sailboat Petrochemical's plant is expected to exert downward pressure on prices..Read More

 

Analysis: Naphtha may return as flavor of the month for Asia petchem makers

Platts.com, 23rd Aug 2018

Asia's petrochemical producers are actively contemplating to shift their focus back to naphtha as feedstock from September, as the narrowing of the LPG-naphtha price spread may reduce the appeal of LPG as an alternative steam cracker feedstock..Read More

 

Saudi Aramco approves SATORP, Motiva chemicals expansion plans

Platts.com, 15th Aug 2018

State energy giant Saudi Aramco has approved two major plans to expand its chemicals production inside the kingdom and in the US, the company said Wednesday..Read More

 

China's tariffs to target most, not all, new US PE output: ACC

Platts.com, 9th Aug 2018

The American Chemistry Council on Thursday revised its list of US petrochemicals and plastics targeted for $16 billion in retaliatory tariffs from China, removing a grade that will make up about one-fifth new US polyethylene capacity -- much of which is intended to meet Chinese demand through the next decade..Read More

 

Startup of Shintech steam cracker in Louisiana delayed: source

Platts.com, 10th Aug 2018

Contractor issues that led to a construction slowdown are delaying the startup of Shintech's $1.4 billion 500,000 mt/year ethane-fed steam cracker in Louisiana, a source familiar with company operations said Friday..Read More

 

Supply-demand, feedstocks to erode Europe's H2 polymer margins: Borealis CEO

Platts.com, 6th Aug 2018

European margins for polyolefins will weaken in the second half of this year because of higher feedstock costs and supply-demand issues, Alfred Stern, CEO of Austrian petrochemical major Borealis, said in a telephone interview Monday..Read More

 

Shintech moving ahead with Louisiana PVC chain expansion project 

Platts.com, 23rd July 2018
Shintech is moving ahead with a $1.49 billion expansion of production along the entire polyvinyl chloride chain in Louisiana, the company and state officials said Tuesday..Read More

 

New US tariffs on China would include many petrochemicals

Platts.com, 11th July 2018

The Trump administration's latest round of proposed tariffs on Chinese goods includes a long string of petrochemicals, both raw materials and items made from plastic..Read More

Korea's Lotte Chem to raise ethylene, propylene capacity by mid-Nov

Platts.com, 4th July 2018 

Singapore —  South Korea's Lotte Chemical will complete debottlenecking of its olefins production capacity at Yeosu by mid-November through the addition of a new LPG cracking furnace, as it looks to diversify its feedstock slate, a company source said Tuesday..Read More

 

Asian petrochemicals market outlook, w/c Jun 25

Platts.com, 25th June 2018

The Asian petrochemical markets this week will depend on the impact of environmental regulations tightening in China, plant outages and seasonal lull in demand..Read More

 

ASIA: The week ahead in petrochemicals

Platts.com, 18th June 2018

Crude oil price movements and the upcoming meeting in Vienna on June 22 among OPEC members and other oil exporters are factors that will influence the performance of Asian petrochemical markets this week. Weak demand in Asia or additional production from new plant start-ups could exert downward pressure on prices of some petrochemical products, such as benzene, toluene, propylene and polyethylene..Read More

 

Asia petrochemicals market outlook, w/c Jun 11

Platts.com, 11th June 2018 

Market participants are continuing to monitor demand and supply conditions, especially for paraxylene and butadiene, where trade participants are watching whether deepsea butadiene cargoes from Europe will be delivered into Asia on schedule. Meanwhile, styrene and toluene inventories appear to have drawn down while benzene stocks are on the rise..Read More

 

Austrian Borealis to expand German recycled polyolefins plant capacity

Platts.com, 5th June 2018 

 

Austrian-based Borealis will invest Eur15 million ($17.6 million) in expanding the processing capacity of its polyolefins recycling plant in Niedergebra, Germany, to 80,000 mt/year from 60,000 mt/year, the company said in a statement Tuesday..Read More

 

Polypropylene supplies into Europe lose luster as euro weakens

Platts.com, 24th May 2018 

Weakening value of the European single currency is making Europe less attractive for supplies of various polymers, including polypropylene, from outside of the region, market sources said this week..Read More

 

Japan's Mar ethylene, derivatives exports rise 17% on month

Platts.com, 16th May 2018 

 

Japan's ethylene and ethylene derivatives exports in March rose 16.7% from a month earlier to 197,500 ethylene equivalent ton, or EET, the Ministry of Economy, Trade and Industry said in a statement late Wednesday..Read More

 

Asian ethylene margin may shrink further after US exit from Iran deal

Platts.com, 9th May 2018 

The recent decision by the US to exit the Iran nuclear deal would likely slash the ethylene production margin in Asia because of the expected rise in the price of feedstock naphtha, sources said Wednesday..Read More

 

Growing US polyethylene production will mean lower prices for packaging grade: Borealis CEO

Platts.com, 4th May 2018 

Austrian petrochemicals producer Borealis is expecting increasing US polyethylene production to lead to lower prices for packaging grade PE, CEO Mark Garrett said Friday..Read More

 

SABIC to see continued growth in Chinese polymers markets: Executive VP

Platts.com, 30th Apr 2018 

SABIC's polymer business would see continued growth in China, amid a strong economic outlook, riding on continued growth in piping and the building and construction sectors, SABIC's executive vice president for petrochemicals Abdulrahman Al-Fageeh told S&P Global Platts at last week's ChinaPlas 2018..Read More

 

Analysis: Global ethylene balance skewed on new US capacity, Asian outages

Platts.com, 20th Apr 2018 

Global ethylene prices have seen a stark divergence recently, with the Atlantic Basin coming under increased pressure amid capacity additions in the US while the Asia-Pacific region has been strong on the back of outages..Read More

 

Naphtha arbitrage still open despite east/west spread dip to 18-month low

Platts.com, 11th Apr 2018 

The front-month naphtha east/west spread -- the premium of CFR Japan naphtha cargo swaps over the CIF NWE naphtha cargo swap -- narrowed to fresh 18 month lows Tuesday, despite reports that cargoes are still moving on an arbitrage basis from West of Suez to East Asia..Read More

 

US petrochemicals industry alarmed at potential China tariffs

Platts.com, 4th Apr 2018 

 

China's plan to impose 25% tariffs on 106 US products, in response to President Donald Trump's proposed import taxes on $50 billion in Chinese goods, includes several petrochemical products for which the Asian country is a critical export market, prompting a swift response from the industry's trade group..Read More

 

AFPM 2018: Consumer demand seen driving new petrochemical technology, feedstocks

Platts.com, 28th Mar 2018  

Growing global demand for plastics combined with a greater emphasis on sustainability will fundamentally change the petrochemical industry, driving the need for new infrastructure and innovation, a research analyst said..Read More

 

AFPM 2018: USGC still an attractive place for future petrochemical investments

Platts.com, 26th Mar 2018 

The US Gulf Coast remains to be the most attractive location for petrochemical investments in America, despite a growing Appalachian region, executives said Monday...Read More

 

Japan's Feb ethylene output falls 11% on month; naphtha imports slide 17%

Platts.com, 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

 

Saudi Arabia eyes Indian crude market comeback, new downstream ventures

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 24th Jan 2018 

Propane in Northwest Europe sank to its largest discount to naphtha


 
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