In general, factory price in central of shandong and eastern enterprises fell by RMB 30-50/tonne to RMB 2650-2720/tonne. Nearby trading houses such as Dongying and Zibo offered RMB 2,700/tonne. The enthusiasm for downstream delivery was limited, and the market’s turnover was cautious.
DCC has begun to increase prices or surcharges for all bismuth vanadate (Pigment Yellow 184), Chrome Yellow (Pigment Yellow 34) and Molybdate (Pigment Red 104) pigments used in the global coatings and plastics industry. Due to the global supply shortage, commodity prices have risen in recent months. It is expected that prices will [...]
US methanol producer Southern Chemical Corp. will hold its April North American posted contract price at 149 cents/gal ($496/mt) FOB USG, the company said in a notice sent to customers Thursday. SCC's flat contract price follows Methanex's announcement for its April North American contract price, which also was unchanged at 149 cents/gal ($496/mt) FOB USG. [...]
Malaysia's state-run Petroliam Nasional Berhad or Petronas Wednesday said it has finalized two joint ventures with Saudi Aramco that give them equal ownership of the Refinery and Petrochemical Integrated Development or RAPID refinery project. The formation of the joint ventures comes nearly a year after a preliminary agreement was signed between the two national oil [...]
Ministry of Commerce conduct anti-dumping investigations of imported phenol from Europe and the United States.
On March 26, the Ministry of Commerce issued an announcement to investigate the anti-dumping investigation of imported phenol originating in the United States, the European Union, South Korea, Japan, and Thailand. According to the announcement, the Ministry of Commerce received a formal anti-dumping investigation on behalf of the domestic phenol industry on February 2, 2018. [...]
North American polypropylene producers stand a good chance of increasing margins on domestic contract pricing by as much as 2 cents/lb ($44/mt) for April on supply tightness, a producer source said Tuesday. North American producers including Braskem America, LyondellBasell and Total Petrochemicals & Refining USA have announced increases for April independent of feedstock propylene contract [...]
From sinopecnews,recently, the Sinopec styrene catalyst produced by the Shanghai Research Institute of Petroleum and Chemical Industry (hereinafter referred to as Shanghai Institute of Technology) and catalyst Shanghai Branch was first exported to Western Europe, and was applied on the Ineos Styrolution plant in Belgium at a capacity of 125,000 tons/year. The company is the [...]
The reporter learned from the Ministry of Ecology and Environment on the 25th that from March 25th to 28th, atmospheric diffusion conditions continued to be unfavorable in Beijing-Tianjin-Hebei and surrounding areas, and a relatively large-scale pollution process will occur. At present, Beijing, Tianjin, Shijiazhuang, Taiyuan, Zhengzhou, Jining and other 34 prefecture level cities and above [...]
European styrene butadiene rubber prices have continued to increase with rising feedstock costs and strong demand, according to market sources. The E-SBR 1502 and 1502 spot prices were assessed at Eur1,450/mt (about $1,792/mt), up Eur20/mt on the week, and up from Eur1,335/mt on February 23. Bullish butadiene prices have supported the price rise. The April [...]
US Gulf Coast LPG prices climbed Tuesday as the Mariner East 1 pipeline halted LPG flow to the water and Chevron Phillips Chemical started its new Baytown, Texas, ethane cracker. March non-LST ethane rose 75 points to 25.25 cents/gal, a high since February 1. Ethane prices had averaged 24.1 cents/gal in the last month. Propane [...]