Published on December 4, 2017
Toluene prices may plunge in December on feeble demand sentiments from end users. Currently toluene prices were evaluated in the range of USD 750-770/mt CFR India and USD 690-710/mt FOB Korea. As per report, in South China prices will soften in the coming weeks since demand in the region has weakened, while supply increased. Market source said that downstream coating sector, producers are also planning reduce output during the winter season, evaluating on demand for toluene. Sinopec Hainan Ref ..
Published on December 2, 2017
New process which could produce methanol directly from methane considered a low-cost and environment friendly process. The direct oxidation of methane -- found in natural gas -- into methanol at low temperatures has long been a holy grail. Now, researchers have found a breakthrough way to accomplish the feat using a heterogeneous catalyst and cheap molecular oxygen. The process is under research and if successful then could be a major supporter in reducing the pollution along with hogher product ..
Published on December 1, 2017
Canada based Methanex has announced its ACPC for the month of December 2017. It has increased its contract prices for the month October by USD 30/MTS. Asian Contract prices are posted at USD 430/MTS. Prices posted for the region of Europe around Euro 330/MT. ..
Published on November 30, 2017
SOCAR Methanol LLC has decided to reduce its supplies of methanol to international market. The country will focus more on domestic supplies. At present only 5% of production was supplied for domestic purpose remaining 95% was directed for international supplies. Production at Azerbaijan’s methanol plant, the only plant of this kind in the South Caucasus and Central Asia, started in January 2014. The plant’s annual capacity is 650,000-700,000 tons. SOCAR acquired the plant from the ..
Published on November 30, 2017
Recently Saudi Aramco signed a deal of 20 billion dollar joint venture for a crude oil-to-chemicals complex in Saudi Arabia. Aramco and Saudi Arabia’s chemicals company SABIC signed a memorandum of understanding to develop a fully-integrated crude oil to chemicals (COTC) complex in Saudi Arabia, planned to process 400,000 bpd of crude oil. Start-up of operations is expected in 2025 and the complex is expected to produce some 9 million tons of chemicals and base oils per year. Aramco will b ..
Published on November 28, 2017
Kuwait’s Petrochemicals Equate Petrochemical has restarted its MEG unit recently. Earlier the unit was shut down in first week of November for annual maintenance. The unit is based in Kuwait and has the production capacity of 615 Kt/year. ..
Published on November 27, 2017
According to the China’s ministry of commerce, it has imposed anti-dumping on the imports of MIBK from South Korea, Japan and South Africa as it has been causing damage to the domestic firms. The ministry then set preliminary antidumping duties of 29-point-nine percent on Kumho P&B Chemicals, a South Korean MIBK exporter. The duties imposed on Japanese firms ranged from 48-point-four percent to 190-point-four percent, while those for South African firms ranged from 15-point-nine perc ..
Published on November 25, 2017
CPC Corp has restarted its residue fluid catalytic cracker unit after brief maintenance period. The unit has resumed its production this week. Unit is based at Dalin in Kaohsiung in Taiwan and has the manufacturing capacity of 400,000 tone/year propylene. ..
Published on November 24, 2017
Maintenance for SM plant has been announced by Grand Pacific Petrochemical Corp (GPPC). Grand Pacific Petrochemical Corp (GPPC) is likely to shut its styrene monomer (SM) plant for a maintenance turnaround. The unit is likely to go off-stream in mid-April 2018. The unit is expected to remain off-stream for around one month. Unit is based at Kaohsiung in Taiwan and has the manufacturing capacity of 2, 50,000 mt/year. ..
Published on November 22, 2017
Shell Chemicals took an important decision of idling its two Phenol units after Acetone. The idling of these units in 2018 in US will balance the Phenol supply in the country. The Phenol unit no3 will be kept idle based at Deer Park in Texas. This unit has the production capacity of 2, 40,000 mt/year. The lost phenol capacity is expected to significantly curb exports of US phenol into Asia, rather than cutting into product available for domestic buyers. ..
