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News & Analysis
Previous News Headlines
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Sinopec raises orthoxylene ex-works offers in East China by Yuan 200 to Yuan 7,300/mt
Singapore (Platts)--23 Feb 2017 239 am EST/739 GMT
China Petroleum and Chemical Corporation, or Sinopec, subsidiaries raised ex-works orthoxylene offers in East China by Yuan 200/mt Wednesday, the second increase this year, a source close to the matter said Thursday.
Braskem exports first US ethane cargo to Brazil
Houston (Platts)--22 Feb 2017 624 pm EST/2324 GMT
Braskem's first cargo of US ethane was expected to arrive in Rio de Janeiro, Brazil, on Wednesday aboard the Gaschem Arctic.
German Helm, US Greenyug sign bio ethyl acetate off-take agreement
London (Platts)--22 Feb 2017 849 am EST/1349 GMT
Germany-based Helm and US-based Greenyug LLC have signed an exclusive off-take contract for bio-based ethyl acetate which will be produced at Greenyug's planned facility in Columbus, Nebraska, according to a joint company statement Wednesday.
Japan's JX, S Korea's SKGC nominate Mar PX ACPs higher than Feb's settle
Singapore (Platts)--22 Feb 2017 847 am EST/1347 GMT
Japan's JX Nippon Oil & Energy has nominated its March paraxylene Asia Contract Price at $980/mt CFR, while South Korea's SK Global Chemical nominated its March PX ACP at $970/mt CFR, sources close to the respective companies said Wednesday.
Lake Charles steam cracker JV with Lotte on schedule for 2019 start up: Westlake
Houston (Platts)--21 Feb 2017 357 pm EST/2057 GMT
Westlake Chemical's ethane-based steam cracker project with South Korea's Lotte Chemical in Louisiana remains on target for a late 2018 completion, with start up expected in the first half of 2019, Westlake said Tuesday during an earnings call.
European ethylene spot trades at premium to contract price amid tightness
London (Platts)--21 Feb 2017 933 am EST/1433 GMT
European ethylene spot traded Monday at a premium of Eur80/mt ($843/mt) to the monthly contract price of Eur1,020/mt FD NWE for February, reflecting a tightening market ahead of a major cracker turnaround season beginning in March.
Odfjell says close to investment decision on US ethylene export terminal
London (Platts)--21 Feb 2017 819 am EST/1319 GMT
Odfjell Terminals has entered into the final phase of engineering ahead of an investment decision on an ethylene export terminal in Seabrook, Texas, a company spokesman said late Monday.
Rare reverse South Korea-US SM arbitrage opens on US plant disruptions
Singapore (Platts)--21 Feb 2017 817 am EST/1317 GMT
A rare reverse arbitrage for styrene monomer to move to the US Gulf Coast from South Korea emerged in the week ended February 10 amid production disruptions in the US, market sources said.
Formosa Plastics USA latest US producer to increase caustic soda prices
Houston (Platts)--20 Feb 2017 945 am EST/1445 GMT
Formosa Plastics USA said Friday it would raise caustic soda prices by $85/dry st, becoming the latest US seller to increase prices, according to a letter to customers obtained by S&P Global Platts.
Japan's Dec ethylene, derivatives exports rise 2% on month: METI
Tokyo (Platts)--20 Feb 2017 943 am EST/1443 GMT
Japan's ethylene and ethylene derivatives exports in December rose 2.2% from a month earlier to 211,200 ethylene equivalent tons, or EET, the Ministry of Economy, Trade and Industry said in a statement late Friday.
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