Published on June 4, 2018
Formosa will shut down its naphthta cracker for maintenance on 6 June. The unit will remain off-stream for one month and will resume its production on 7th July 2018. The cracker is based at Mailiao in Taiwan and has the capacity of 7,00,000 mt/year of Ethylene. ..
Published on June 2, 2018
ZRCC Lyondell will restart its Styrene Monomer unit in the month of June. Earlier the unit was shut down for annual maintenance on 20th April. The unit will resume its production on 10th June 2018. Unit is based at Zhejiang province of China and has the manufacturing capacity of 6,20,000 mt/year. ..
Published on June 1, 2018
Canada based Methanex has posted its North American and Asian contract prices for the month of June 2018. Prices posted for the region of North America are USD 496/MT. Prices remained unchanged for this month. On other side prices for the Asian Pacific region has been increased by USD 30/MT. The new ACP prices posted are USd 490/MT. These prices are valied till 30th June 2018. ..
Published on May 30, 2018
Many China based MTO units has been shut down either fo annual maintenance or due to some technical issue in opertioans. Major MTO producers believe that the current prices for Methanol is too hogh. It dosn not make any sense to fill our inventories when most of out units are shut down for maintenance. On contrary the inventories are bein now emptied and will refill once the prices are lowered. The availability of Methanol will improve in international market in the month of June once the major ..
Published on May 29, 2018
There has been significant hike in IIndian domestic marker for Acetic acid values. One month prices were floating in the range of Rs.30-35/Kg. Now it has doubled to Rs. 60/Kg for Kandla and Mumbai port. The acute shortage of material in its peak demand season is the major factor behind this hike in values. As metnaioned earlier there has been major shut down and force majeure at Acetic Acid plant based in US in last few weeks. This has led to higher demand from US market for Acetic Acid. To ment ..
Published on May 28, 2018
Reliance Industries (RIL) has received environment clearance for the expansion and optimization of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of Rs 2,338 crore. "The environment clearance has been given to the RIL's expansion and debottlenecking of petrochemical project at Nagothane," a senior Environment Ministry official said. The proposal is to expand the gas cracker and downstream plants located at Nagothane village in Raigad district by w ..
Published on May 26, 2018
The constant delay in the shipments from Singapore and Taiwan since April has led to shortage of the chemical. The manufacturers are unable to fulfill their commitments as there is constant shortage of feedstock Acetic Acid. Now the major suppliers are first catering to their domestic market in Asian subcontinent. So many believe to import it from American market. To add to their woes, one of the major manufacturers of VAM, DOW chemical declared force majeure on its unit. The reason behin ..
Published on May 25, 2018
A regional summit will be organized in Qingdao province of China in the second week of June. The Chinese government has asked authorities to make sure air is clean with clear sky and less traffic hassle. Shandong province which has maximum number of refineries and petchem units has been asked to cut their production rate. Refineries and petrochemical plants are required not to turn on or turn off their production lines from 20 May to 20 June which means, if a line is operating it will ..
Published on May 24, 2018
Fujian Refinery & Petrochemical Company Ltd (FREP) is has annpunced its schedule for its cracker unit. The unit is expected to go off-stream in last week of Nvember abd is likely to remain off-stram for around 7-8 weeks. Unit is absed at Fujian provinceof China and has the manufacturing capacity of Ethylene around 1.1 million mt/year and a propylene around of 550,000 mt/year. ..
Published on May 23, 2018
South Korean company Hanwha Chemical will shut down its Purified Terephthalic Acid unit for maintenance. This shut down has been due to technical problem detected last week. The unit is likely to remain off-stream for around few weeks. The company sources have not specified any details about the restart of unit. Unit is based at Daesan and has the manufacturing capacity of 7,00,000 mt/year. ..
