NWE naphtha cracks hit 16-month low on higher crude futures prices, stable fundamentals
Northwest European naphtha cracks fell to a 16-month low Wednesday as the naphtha paper market reacted to higher crude futures, while the physical European naphtha market remained stable amid no major uptick in spot demand [...]
ExxonMobil seeks 4 cents/lb hike in North American polypropylene price in May
ExxonMobil will seek a 4 cents/lb ($88/mt) increase in its polypropylene prices, effective May 1, on top of any change in the monomer contract price for the month, the company said Tuesday. ExxonMobil is the [...]
Turkish-Qatari venture announces 1 mil mt/year Turkey PP, PE investment
Turkey's MetCap Energy Investments announced Monday plans for a 1 million mt/yr polyethylene and polypropylene plant in Turkey to be developed as a 50-50 joint venture with Fusion Dynamics of Qatar. According to MetCap, the [...]
LyondellBasell declares force majeure on Lake Charles polypropylene
LyondellBasell has declared force majeure on the supply of polypropylene from its Lake Charles, Louisiana, plant stemming from mechanical failure, the company said in a letter to customers obtained Monday by S&P Global Platts. In [...]
US ethane cracker margins hit record low as ethylene dips further
US ethane cracker margins reached record lows Friday as spot ethylene pricing also slipped into uncharted territory. US ethane cracker margins were estimated at 7.06 cents/lb ($156/mt) Friday, the lowest since S&P Global Platts began [...]