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Petrochemicals News


Kuwait's PIC plans to triple olefins, polymers capacity by 2030

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 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

Platts.com, 17th Oct 2016 

Indonesia's Chandra Asri is considering a major expansion and debottlenecking of its naphtha-fed steam cracker at Cilegon and downstream derivative plants over 2019-2025, the company said Tuesday at the Indonesia Refining and Petrochemical Summit in Jakarta..................Read More


Growth in US ethylene capacity building momentum for exports

Platts.com, 7th Oct 2016 

With the US Gulf Coast primed for significant expansion in ethylene production capacity, ethylene exports increasingly look like they could play an important role in the market, speakers at the S&P Global Platts Petrochemicals Seminar in Houston said..................Read More


Petrochemical production ramp-ups to weigh on H2 2016 margins: Baader bank

Platts.com, 27th Sep 2016 

Production ramp-ups at petrochemical plants in the second half of 2016 and early 2017 will weigh on margins, Germany-based Baader Bank said Monday..................Read More


Asia offering better netback than Europe for US ethylene

Platts.com, 21st Sep 2016 

Asian ethylene buyers are offering a better netback than European peers for US ethylene, a shipbroker said Wednesday, with no fixtures reported recently from the US to Europe...................Read More


Japan's July ethylene, derivatives exports fall 5.9% on month

 Platts.com, 16th Sep 2016 

Japan's exports of ethylene and ethylene derivatives in July amounted to 158,200 ethylene equivalent tons, or EET, down 5.9% from a month earlier, the Ministry of Economy, Trade and Industry said late Thursday...................Read More


Low density polyethylene spot prices stable during August on holiday period

Platts.com, 1st Sep 2016

Low density polyethylene spot prices were flat during August on stable market fundamentals owing to the holiday period, sources said this week...................Read More


Asia ethylene-naphtha spread rises $22.05/mt on day to hit 3-month high

Platts.com, 26th August 2016 

The Asia price spread between ethylene and feedstock naphtha rose $22.05/mt day on day to $802.38/mt Thursday, the highest level since May 10, when the spread was calculated at $805.75/mt, S&P Global Platts data showed...................Read More


US ethylene nears 13-month high amid prolonged steam cracker outage

Platts.com, 19th August 2016 

US spot ethylene Thursday reached its highest level since late July 2015 following talks of extended outage, two ongoing planned turnarounds, two restarts and two upcoming turnarounds at steam crackers, as well as murmurs of short-covering, sources said...................Read More



NWE ethylene FD spot prices slump to lowest since April

Platts.com, 15th August 2016 

European spot ethylene prices slumped to their lowest since April on flat demand because of the holiday season, sources said...................Read More


Initial NWE ethylene Aug CP yet to be followed, propylene settlement awaited: sources

Platts.com, 26th July 2016 

An initial NWE August ethylene contract price that settled at Eur925/mt ($1,018) Monday, down Eur20/mt from the July settlement, is yet to be followed, while a propylene settlement is still to come....................Read More


Platts ethylene, propylene indicator shows 2%, 4% drop for August

Platts.com, 21st July 2016 

Platt’s ethylene and propylene indicators for August were assessed at clear declines from July following lower upstream naphtha prices....................Read More


US polypropylene export price nears 86-month low on supply glut

Platts.com, 14th July 2016 

US export homopolymer polypropylene prices were near an 86-month low on Thursday, as pricing levels were talked near the $950/mt FAS Houston, which sources attributed to high run rates, high imports of both finished goods and resin and high inventories....................Read More


PPI down from July industry settlement following fall in naphtha

Platts.com, 8th July 2016  

Platt’s propylene contract price indicator was assessed at Eur667/mt for August, down from July's value of Eur670/mt, following the fall in naphtha....................Read More



Thai PTT reviews project size, investment of delayed refinery plan in Vietnam

Platts.com, 1st July 2016 

Thailand's state-controlled PTT has decided to review plans to develop a large refining and petrochemical project in Vietnam's Binh Dinh province as it needs to reconsider the project size and investment, an official from the company's investor relations department said in an email statement Thursday....................Read More


Low density polyethylene market weak on import surge, in run up to EU referendum

Platts.com, 21st June 2016 

Low density polyethylene spot prices remained at their lowest level since early April on muted spot activity amid bearish price expectations on the back of an abundance of imports and in the run up to the UK's referendum on EU membership, sources said Monday.....................Read More


EU ethylene imports surge 235%, PE imports up 52% over first four months of 2016: Eurostat

Platts.com, 16th June 2016 

EU imports of ethylene in the first four months of the year surged 235% compared with the first four months of 2015, according to the latest Eurostat data.....................Read More


Global oversupply behind BASF's delay on Texas propylene plant: analysts

Platts.com, 7th June 2016 

Growing supplies in the global propylene market led to BASF delaying its decision on a planned methanol-to-propylene plant in Freeport, Texas, analysts said Tuesday.....................Read More



European polyethylene, polypropylene prices continue to shrug supply disruptions in France

Platts.com, 1st June 2016 

European polyethylene and polypropylene spot markets are continuing to shrug off disruption to supply caused by strikes in France, amid comfortable inventories, sources said Wednesday.....................Read More


Runs at China's coal-based PE plants likely to remain below 70% this year: sources

Platts.com, 26th May 2016 

Overall annualized operation rate across China's coal-based polyethylene plants is likely to remain relatively low this year, at 63%-70% capacity, as plant operators grapple with competition against the more cost-effective naphtha-based plants amid overall weak demand, S&P Global Platts calculations and industry sources said this week.....................Read More


More Mideast PE supply to head to Asia as new capacities come fully onstream

Platts.com, 18th May 2016 

More Middle Eastern polyethylene cargoes are expected to make their way to Asia and West Africa as new capacities come fully onstream, with demand in net-short Asia projected to be able to absorb additional supply from both within Asia and the Middle East in the long run, market sources said Wednesday.....................

 
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