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PETROCHEMICALS MARKETS
Petrochemicals are chemical products made from raw materials of petroleum or other hydrocarbon origin. Although some of the chemical compounds that originate from petroleum may also be derived from coal and natural gas, petroleum is the major source. The largest petrochemical industries are to be found in the U.S. and Western Europe, though the major growth in new production capacity is in the Middle East and Asia. There is a substantial inter-regional trade in petrochemicals of all kinds.
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US propylene contracts were expected to be flat in October as sources reported one seller was looking to roll September...
State-owned Shipping Corporation of India, or SCI, has taken delivery of two Long Range product tankers -- one LR1 and...
European policymakers should consider a raft of fiscal incentives to help the region's refiners shed surplus capacity...
Finnish refiner Neste Oil has applied for patents covering the technology to produce microbial oil from agricultural...
A proposed Yangtze River LNG project in China could use floating storage and regasification units, or FSRUs, to store...
Petroleo Brasileiro SA , Brazil’s state-controlled oil producer, headed to the biggest two-day drop in four months on...
Thailand's LPG imports will be reduced by around 50% -- currently estimated at about 120,000 mt/month -- as the state...
With the spot market for VLCCs struggling at the moment, the stagnant conditions are encouraging shipowners to commit...
Die brasilianische Ölgesellschaft Petrobras startet eine gigantische Kapitalerhöhung im Volumen von umgerechnet 58...
China's Sinopec has indefinitely canceled turnaround plans for its solvents plants at Yanshan and Tianjin in September...
Norwegian Prime Minister Jens Stoltenberg is to sign an agreement with Russian President Dmitry Medvedev on maritime...
India's ethanol blending program is set to resume this October after having stalled for the last couple of years due to...
Russian petrochemicals company Sibur has concluded an agreement to acquire OJSC Novatek-Polymer, both companies said on...
Expanding supplies of natural gas liquids derived from unconventional sources, such as the Eagle Ford and Marcellus...
Belgian petrochemicals producer Tessenderlo reported Friday a net profit of Eur27.5 million for the second quarter of...
Asian naphtha cracking margins entered positive territory this week -- the first time in three months -- driven by a...
Saudi Arabia's Petro Rabigh expects to achieve on-spec production at its fluid catalytic cracker at Rabigh by either...
Malaysia's Petronas will likely reduce operating rates at its 1.7 million mt/year methanol plant at Labuan to 50-80% in...
Spot ethylene values continued to strengthen August 20, with September pushed higher by rising feedstocks and a tight...
US ferrous scrap prices are likely to be up $20-30/lt in September though some estimates of the increase range as high...
Taiwan's Formosa Petrochemical Corp. was gradually resuming regular deliveries of butadiene and propylene to its...
The US phthalic anhydride molten contracts are to increase 1 cent/lb in September to 57.5 cents/lb delivered following...
The spread between August and September naphtha swaps in the over-the-counter-market in Europe has flipped into...
India-focused metal and mining group Vedanta Resources does not foresee regulatory hurdles for its plan to acquire...
Top Sources: Petrochemicals Markets
- platts.com
- Times Online
- bharatbook.com
- Platts
- Reuters
- acquip.com
- bit.ly
- BusinessWeek
- Houston Chronicle
- derrickpetroleum.com
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