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Petrochemicals News

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


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