Japan April ethylene output falls 2.8% on month amid turnarounds
Tokyo — Japan's ethylene production dropped 2.8% from a month earlier to 569,200 mt in April amid a steam cracker turnaround season, the latest data by the
Publication Date: MAY 2008
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Japan's cracker turnaround schedule for 2008
Japan's cracker turnaround schedule for 2008:
Publication Date: MAY 2008
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NWE ethylene, propylene production figures 2000-2008
NWE ethylene, propylene production figures 2000-2008
Publication Date: MAY 2008
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Parties to MTBE settlement accountable for future contamination
Washington— The proposed $423 million settlement of lawsuits over the contamination of drinking water by MTBE by 13 oil companies will keep them responsible for wells contaminated
Publication Date: MAY 2008
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Petroperu to enter petchem business with steam cracker, PE plant
Houston — Peruvian refining company Petroperu is studying the possibility of building a new steam cracker and integrated polyethylene plant in Peru, a company source told Platts,
Publication Date: MAY 2008
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Subscriber Note
Platts invites you to an open methodology forum in London on June 10, 2008, which will address several challenges affecting
Publication Date: MAY 2008
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US MEG contract to fall at least $40/mt in June; sources
New York — US monoethylene glycol contracts for large volume buyers whose contracts are tied to the Asian contract price (ACP) are likely to see at least
Publication Date: MAY 2008
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US spot methanol activity lulls as traders await news on M5000
Houston — Spot methanol activity in the US has been stifled in the week beginning May 12 as participants await news on the status of Methanol Holdings
Publication Date: MAY 2008
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Benzene FOB Korea vs FOB SEA
Publication Date: MAY 2008
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Benzene supply squeeze in SEA to push up FOB Korea-FOB SEA spread
Singapore — The differential for H2 May benzene between FOB Korea and FOB Southeast Asia is expected to continue to narrow as spot supplies look set to
Publication Date: MAY 2008
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Borealis to invest in giant new chemicals complex in UAE
Sydney — Austrian petrochemical company Borealis intends to have a "significant role" in a planned mega-scale chemicals complex at Khalifa Industrial Zone at Taweelah, the UAE, a
Publication Date: MAY 2008
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Europe cracker margin in negative
Publication Date: MAY 2008
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European spot steam cracker margins slashed by 164% on week
London — European spot steam cracker margins fell by a startling 164% in a short period from May 1 to May 7 in both euro and dollar
Publication Date: MAY 2008
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German BASF's chairman says financial crisis taking toll: report
Freiburg — The financial crisis currently gripping the global markets is taking its toll on Germany's chemical giant BASF, its chairman Jurgen Hambrecht told German business weekly
Publication Date: MAY 2008
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Indonesia's Pertamina seeks partner to build PP unit at Balongan
Jakarta — Indonesia's state-owned oil and gas company Pertamina is seeking a partner to build a 200,000 mt/year polypropylene processing unit at its Balongan refinery in West
Publication Date: MAY 2008
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Ineos C4 units at Grangemouth UK to be online soon: official
London — Production of crude C4 and the rest of the butadiene chain from Ineos' Grangemouth, Scotland petrochemical site could be back on stream by around May
Publication Date: MAY 2008
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Ineos mulls Norway cracker expansion, to close Bamble PP plant
London — UK's Ineos Polyolefins has yet to decide on a timeline for increasing the capacity of its steam cracker at Rafnes, Norway, a company source said
Publication Date: MAY 2008
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Japan's Mitsubishi Gas Chemical, Sojitz expand PIA capacity
Tokyo—Japan's Mitsubishi Gas Chemical has expanded purified isophthalic acid (PIA) production capacity at its AGIC joint venture with Japanese trading house Sojitz from 130,000 mt/year to 230,000
Publication Date: MAY 2008
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Korea's Kumho P & B reverses plan to scrap phenol-acetone line
Singapore — South Korea's Kumho P & B has reversed plans to scrap its No. 1 phenol-acetone line and will instead retain it as a back-up to
Publication Date: MAY 2008
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LyondellBasell to idle PP unit at Morris, Illinois in Q4
Rotterdam — LyondellBasell Industries will stop producing polypropylene at its Morris, Illinois plant in the fourth quarter of 2008, the company announced May 5.
Publication Date: MAY 2008
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Mitsubishi Chemical slashes PTA rates in east Asia
Singapore—Japan's Mitsubishi Chemical slashed operating rates at its Northeast Asian purified terephthalic acid plants late April, pressured by eroding margins amid burgeoning energy costs, the company said
Publication Date: MAY 2008
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Poor margins force Chinese liquid chemical importers to diversify
Singapore — China's liquid chemical traders are urgently seeking alternative products to import amid crunching margins across the petrochemical industry. Past import staples like aromatics toluene, mixed-xylenes,
Publication Date: MAY 2008
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Power outage shuts down S Korea's Yeochun NCC complexes
Tokyo, Singapore — A large-scale power outage in Yeochun, South Korea, late May 3 took offline Yeochun NCC Co.'s three petrochemical complexes, a company source said Monday,
Publication Date: MAY 2008
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YNCC's Yeochun plant capacities
YNCC's Yeochun plant capacities
Publication Date: MAY 2008
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April Pricescore
April Pricescore
Publication Date: MAY 2008
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Asian acrylonitrile prices rockets $50/mt to set new record high
Singapore—Asian acrylonitrile spot prices surged $50/mt in the week ending May 1, to establish a fresh all-time high amid increasing raw material costs and tight regional supply
Publication Date: MAY 2008
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BP postpones Geel, Belgium PTA expansion start-up to Q3
London—The start-up of BP's new capacity for purified terephthalic acid at Geel, Belgium has been postponed to the third quarter of this year due to a delay
Publication Date: MAY 2008
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European spot cracker margins reach record low for 2008
London—European spot cracker margins hit a new low for 2008 at minus $42.02/mt or minus Eur26.83/mt, Friday April 25, as European naphtha reached an unprecedented high level
Publication Date: MAY 2008
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Ineos shuts UK Grangemouth refinery, petchem complex ahead of strike
London—Ineos completed the shutdown of its Grangemouth refinery in Scotland, April 25, ahead of a two-day workers strike, forcing BP to prepare to shut in the country's
Publication Date: MAY 2008
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Japan's first ETBE cargo from Brazil arrives at Negishi refinery
Tokyo—Japan's first 6,700 kl cargo of ethyl tertiary butyl ether, or ETBE, imported from Brazil arrived at Nippon Oil's Negishi refinery April 23, the Petroleum Association of
Publication Date: MAY 2008
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Middle East polyolefins players dominate 22nd Chinaplas exhibition
Shanghai—The 22nd Chinaplas, International Exhibition on Plastics and Rubber Industries fair, saw a large number of Middle Eastern polyolefins players in China as new plant capacities are
Publication Date: MAY 2008
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NWE ACN spot prices hit an all time high of $1,940/mt CIF MED
London—European acrylonitrile prices hit another all time high April 24, reaching $1,940/mt CIF MED, according to Platts data.
Publication Date: MAY 2008
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Oman's Octal Holding to begin sales allocation of PET resin
Houston—Octal Holding and Company SAOC plans to begin sales of its nearly completed PET resin plant, the company announced April 24. The decision comes less than two
Publication Date: MAY 2008
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Planned polyolefins plant capacities in Middle East
Planned polyolefins plant capacities in Middle East
Publication Date: MAY 2008
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Platts Podcast
Grangemouth strike analysis
Publication Date: MAY 2008
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Russia's Gazprom sells control in Sibur for $2.3 billion
Moscow—Top managers of Russia's petrochemical business Sibur have agreed to buy a controlling stake in the company from Russia's Gazprombank, a subsidiary of the country's energy behemoth
Publication Date: MAY 2008
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US ethanol demand in conventional gasoline hits fresh record
Houston—The level of US conventional gasoline blended with ethanol hit an all-time record again last week, according to statistics released April 23 by the US Energy Information
Publication Date: MAY 2008
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Australia, New Zealand vote against plastic bag ban, fee
Sydney—Australia, New Zealand and Papua New Guinea have decided not to impose a uniform ban or charge on plastic bags due to projected regulatory financial costs, but
Publication Date: APR 2008
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Canada report expected to classify bisphenol-A as dangerous
Houston—Health Canada, the department of the government of Canada responsible for the country's public health, is expected to issue a report that could change its position on
Publication Date: APR 2008
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EC adopts fees, charges payable under REACH testing law
London—The commission responsible for enterprise and industry policy for the European Union has adopted the fees and charges payable by chemicals companies for the registration of chemical
Publication Date: APR 2008
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European PP homo-GPPS Spread
Publication Date: APR 2008
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European polystyrene-polypropylene spread moves in PP's favor
London—A recent widening in the spread for monthly contract prices, a glut of new polyolefin capacity due online in the rest of 2008 and a number of
Publication Date: APR 2008
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Finland's Dynea to double phenol consumption at Guangdong plant
Singapore—Monthly consumption of phenol at Finnish-based Dynea Oy's paper overlay plant in China was set to double from June this year, a company source said April 15.
Publication Date: APR 2008
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Germany's BASF to expand bio-plastics plant by 60,000 mt/year
London—Germany's BASF will expand the production capacity of its biodegradable plastic plant at Ludwigshafen from the current 14,000 mt/year by adding 60,000 mt/year, bringing the total to
Publication Date: APR 2008
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Japan Energy partially settles 2008 benzene contracts at discount
Singapore—Japan Energy has settled a portion of its domestic benzene supply contracts for the fiscal year starting April 2008 at a discount to last year's settlement, a
Publication Date: APR 2008
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Malaysia's Titan to raise PP capacity to 500,000 mt/year in H2
Shanghai—Malaysia's Titan Chemicals planned to expand its polypropylene plant at Pasir Gudang, Malaysia, to 500,000 mt/year from the current 380,000 mt/year in the second half of 2008,
Publication Date: APR 2008
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Mississippi River flooding strains logistics for SM participants
Houston—Heavy rains in the Mississippi River valley has created logistical challenges for styrene monomer producers in the area and their buyers, sources reported April 15.
Publication Date: APR 2008
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Petchem investors undeterred by China's electricity shortages
Sydney—China's nationwide electricity shortage is unlikely to discourage foreign investors from building new petrochemical plants in the country, although there is concern over rationing of power supplies,
Publication Date: APR 2008
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South Korea's March benzene to US exports rise 24%, below outlook
Singapore—South Korea's benzene exports to the US in March were up 24.3% at 53,569 mt compared with the same period last year, but fell considerably short of
Publication Date: APR 2008
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South Korea's benzene exports March 2008
South Korea's benzene exports March 2008
Publication Date: APR 2008
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Spain's Cepsa considers restructure of petrochemicals business
London—Spain's Cepsa is in the process of conducting a major study to restructure its global petrochemicals operations, the company said April 18.
Publication Date: APR 2008
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Subscriber Note
Subscriber note: Platts cordially invites PPR readers to its inaugural Asia Petrochemical Awards Cocktail Reception, which will be held in conjunction with APIC 2008 in Singapore. The
Publication Date: APR 2008
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China methanol prices up as plants switch to ammonia production
Tokyo — Methanol prices in China are rising even as elsewhere in the world they are falling, because of supply tightness in the Chinese domestic market.
Publication Date: APR 2008
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European naphtha vs ethylene
Publication Date: APR 2008
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Formosa to run Ningbo PP plant at 10-20% on feedstock shortage
Tokyo — Taiwan's Formosa Plastics' 450,000 mt/year polypropylene plant at Ningbo, eastern China, which came on stream this week, is likely to run at only 10-20% of
Publication Date: APR 2008
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Global butadiene prices escalate to fresh record highs
Houston, London — The global butadiene prices escalated to fresh record highs for the week ending April 11, according to Platts data.
Publication Date: APR 2008
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Italy's Polimeri cuts cracking rates on high naphtha price
London — Italian petrochemicals producer Polimeri has reduced the operating rates at its naphtha-fed steam crackers as a result of the record high naphtha prices in Northwest
Publication Date: APR 2008
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Norway's Yara to halve its share in China BlueChemical
Sydney — Yara International plans to sell half of its 9% shareholding in China BlueChemical, which it acquired in 2006, the Norwegian chemical and fertilizer company said
Publication Date: APR 2008
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Oman's Octal to add 500,000 mt/year PET capacity at Salalah
Houston — Oman-based Octal Holding and Co will add 500,000 mt/year of PET resin production capacity by May 2010, which would bring the total production level to
Publication Date: APR 2008
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Philippine Petron inks propylene supply deal with Mitsui
Singapore —Philippines' Petron Corp. has signed a six-month term deal to supply polymer-grade propylene to Japanese trading house Mitsui & Co, the oil refiner said this week.
Publication Date: APR 2008
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Platts global butadiene prices
Publication Date: APR 2008
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Recycled PET from UK's Closed Loop expected end-July
London— Recycled PET from the UK's Closed Loop facility in East London is expected to be available from end-July or early August, a company source said April
Publication Date: APR 2008
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Shell sees increase ethylene production from alternative feedstocks
Houston — Shell Chemicals anticipated increased ethylene production based on a new and growing slate of feedstock ranging from biological sources such as ethanol and agricultural biomass
Publication Date: APR 2008
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US Anti-Dumping duties on PET film from Taiwan
US Anti-Dumping duties on PET film from Taiwan:
Publication Date: APR 2008
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US Countervailing duties on PET film from India
US Countervailing duties on PET film from India:
Publication Date: APR 2008
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US Eastman Chemical drops India oxo-derivatives plant plan
Singapore — US-based Eastman Chemical Co. has decided not to follow through on its plan to build an oxo-aldehyde and oxo-alcohols plant in India, a company source
Publication Date: APR 2008
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US extends duties on PET imports from India, Taiwan until 2012
Sydney — The United States has extended by five years to 2012 the countervailing and anti-dumping duties on imports of polyethylene terephthalate film, sheet and strip from
Publication Date: APR 2008
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US housing starts drop 11.9% in March: US Census Bureau
New York — Housing starts in March fell 11.9% from the prior month and dropped 36.5% from the same month last year, to 947,000, according to data
Publication Date: APR 2008
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Yuan's rise against dollar spurs China demand for imported OX
Singapore — Several Chinese traders and distributors were more interested in buying US dollar-based orthoxylene in spite of a sluggish downstream phthalic anhydride market, as they expected
Publication Date: APR 2008
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Artenius postpones startup of second San Roque, Spain, PET line
London— Europe's largest PET producer Artenius has again postponed the startup of its second PET line at San Roque, Spain slated for April due to industrial issues,
Publication Date: APR 2008
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Brazil's Petrobras, Mitsui to sign ethanol plant deal in May
Tokyo — Brazil's state-owned oil giant Petrobras is set to sign a $250 million ethanol plant deal with Japan's Mitsui and local ethanol producers in Brazil next
Publication Date: APR 2008
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India's Reliance to export half its benzene output in fiscal 2008
Singapore — India's Reliance Industries plans to allocate its benzene output for domestic sales and for export in a 50:50 ratio for the financial year starting April
Publication Date: APR 2008
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Indonesia's Pertamina eyes takeover of aromatics producer TPPI
Jakarta — Indonesia's Pertamina plans to take over Trans Pacific Petrochemical Indotama as part of its efforts to develop the company's petrochemical and refinery business, a senior
Publication Date: APR 2008
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Iran's petrochemical production hits 23 million mt/year
Teheran — Iran's National Petrochemical Company has said the country's production of petrochemicals in the last financial year was 23 million mt, the student news agency ISNA
Publication Date: APR 2008
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Japan export and import figures
Japan export and import figures
Publication Date: APR 2008
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Japan's ethylene, derivatives exports drop; imports surge: METI
Tokyo — Japan's ethylene and ethylene derivatives exports in February dropped 22.2% from the previous year to 161,800 ethylene equivalent ton (EET) amid an unplanned outage at
Publication Date: APR 2008
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Jubail Chevron Phillips delays big Saudi SM plant startup to Q3
Singapore — US-Saudi Arabian joint venture Jubail Chevron Phillips has pushed back the startup date of its mega 777,000 mt/year styrene monomer unit in Al-Jubail, Saudi Arabia,
Publication Date: APR 2008
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Kuwait's Equate to start up 'Olefin II' plant in June 2008
Tokyo—Kuwait's Equate Petrochemical Company plans to start up its "Olefin II" project in Shuaiba, Kuwait, in June 2008, a company source said April 7.
Publication Date: APR 2008
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Marubeni says it's forgery victim responding to Lehman bid to sue
Houston — Japanese trading house Marubeni has denied any involvement and wrongdoing in the alleged $355 million financial scam which US investment bank Lehman Brothers planned to
Publication Date: APR 2008
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Naphtha finds US outlet as European over-supply continues
London — European naphtha is moving to the US as the industry tries to find outlets to ease an over supplied European market, trading sources said April
Publication Date: APR 2008
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