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K FAIR 2016: Iranian petrochemical companies still challenged by letter of credit restrictions
London (Platts)--21 Oct 2016 839 am EDT/1239 GMT
Iranian petrochemical companies continue to be affected by difficulties in obtaining letters of credits, a source at a local petrochemical company said on the sidelines of the K Fair in Dusseldorf.
Sinopec hikes East China ex-works OX offers by Yuan 150/mt to Yuan 6,300/mt
Singapore (Platts)--21 Oct 2016 246 am EDT/646 GMT
China Petroleum and Chemical Corporation, or Sinopec subsidiaries have raised ex-works orthoxylene offers in East China to Yuan 6,300/mt, equivalent to about $781/mt on an import parity basis, from Wednesday, up Yuan 150/mt, a source close to the matter said Friday.
Canada's Altagas takes FID for North Pine NGL facility in British Columbia
Calgary (Platts)--20 Oct 2016 554 pm EDT/2154 GMT
Canadian midstream player Altagas said Thursday it had taken a final investment decision for the North Pine NGL facility in British Columbia, setting the stage for the company to proceed with its planned 1.2 million mt/year LPG export terminal on the Canadian Pacific Coast.
Styrene spot surges to 15-week high, benzene bearish amid BASF explosion
London (Platts)--20 Oct 2016 840 am EDT/1240 GMT
The European styrene spot price surged to its highest level in 15 weeks on Wednesday, while benzene prices declined in reaction to the BASF explosion on Monday.
NWE reformate, mixed aromatics exports to Asia lose steam: sources
London (Platts)--19 Oct 2016 918 am EDT/1318 GMT
The arbitrage window for shipping mixed aromatics and reformate from Europe to Asian buyers has become more challenging, as gasoline cracks in Europe have risen on a strengthening gasoline complex in the US East Coast. Premiums for aromatics such as mixed xylenes and toluene have fallen since earlier in October, partly because the demand for mixed aromatics parcels to move to Asia has halted, sources have said.
Methanol, VAM shaping up for stronger year in 2017: Celanese CEO
Houston (Platts)--18 Oct 2016 519 pm EDT/2119 GMT
Vinyl acetate monomer appears on track to have a stronger year in 2017, with acetic acid and methanol pricing showing potential for improved margins next year, Celanese CEO Mark Rohr said Tuesday.
Sinopec cuts East China toluene prices by Yuan 150/mt or 2.7%
Singapore (Platts)--18 Oct 2016 939 am EDT/1339 GMT
China Petroleum and Chemical Corp, or Sinopec, cut its East China ex-factory toluene prices by Yuan 150/mt or 2.7% amid higher domestic stocks, a market source said Tuesday.
Lengthy Ludwigshafen cracker shutdown would reduce NWE naphtha demand: trade
London (Platts)--18 Oct 2016 729 am EDT/1129 GMT
The shutdown of BASF's two steam crackers at Ludwigshafen in Germany following a deadly explosion Monday could reduce naphtha demand in Northwest Europe if the crackers remain offline for more than just a few days, naphtha market participants said.
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