butadiene

Apr 1st, 2010

Styrene Demand Remains Dominated by Polystyrene According to Report Recently Released by MarketPublishers.com

LONDON – The fastest styrene demand growth is forecast in China, the Middle East, Central and Eastern Europe, and Central and South America. Based on current capacity expansion announcements, the United States, Canada, Japan, Singapore, the Republic of Korea, and the Middle East will remain net exporters while Mexico, India, Thailand and other Asian countries...

Jul 21st, 2009

CNOOC to Invest $370 mln in petchem JV

LG will hold 50 percent of plant with CNOOC Plant will produce 300,000 tonnes of ABS by 2013 $300 mln in sales targetted by 2012, $600 mln by 2014 (Adds details) South Korea’s LG Chem (051910.KS: Quote, Profile, Research) and state-owned China National Offshore Oil Corporation (CNOOC) will invest a total of $370 million to build a petrochemical...

Jul 21st, 2009

Tyre Makers in Asia Raise Concerns Over Feedstock BD Surge

SINGAPORE (ICIS news)–Tyre makers in Asia have raised concerns over soaring feedstock butadiene (BD) prices, which may hamper demand recovery and impact on their fourth-quarter (Q4) contract negotiations with the styrene butadiene rubber (SBR) producers. BD is the feedstock for SBR, which in turn is used in the manufacture of tyres for the automotive industry. “The feedstock...

Jul 7th, 2009

BASF, Sinopec Get Govt Nod for Expansion

The Chinese central government has approved the Joint Feasibility Study Report submitted by BASF and SINOPEC for the expansion of their joint venture, BASF-YPC Co., Ltd. (BYC), in Nanjing, China, as of July 1, 2009. BASF and Sinopec will jointly invest approximately $1.4 billion in state-of-the-art technologies to produce downstream specialty chemicals for the Chinese market,...

Jun 24th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Crude oil prices dipped by over a dollar to US$71 per barrel in the week of June 22, 2009. Weak fuel demand despite data indicating a recovery in the global economy has kept crude oil pegged at US$71 per barrel. This marks a stop to four consecutive weeks of oil price hike. The weakening...

Jun 4th, 2009

Taiwan Bureau Has no Plan to Allow Ethylene Plants in China

Taiwan’s Industrial Development Bureau said it doesn’t plan “at this stage” to lift the ban on investing in ethylene plants in China, denying a May 29 newspaper report. Taiwan has barred companies from building so-called naphtha crackers in China because they may cause large fund outflows and affect investment on the island, the bureau said...

May 28th, 2009

CPC Tests Naphtha Cracker before Restarting Unit

CPC Corp., Taiwan’s state-owned oil refiner, is testing its No. 4 naphtha cracker after shutting it because of a compressor fault, a company official said. CPC aimed to restart the plant yesterday, the official said, declining to be identified because he’s not authorized to disclose plant operations. The unit, able to produce 350,000 metric tons of...

Apr 20th, 2009

Asian Styrenics Look Set to Adjust Down on End-user Resistance

The prices of Asian styrenics, which include styrene monomer, polystyrene and acrylonitrile-butadiene-styrene, looks set for a downward adjustment in the next few weeks as sentiment turns bearish on signs of increasing SM supply and more importantly on rising resistance from downstream buyers. The polymer market in China, specially for polypropylene and polyethylene also made a...

Apr 16th, 2009

SM, PS, ABS Could Down-adjust in Asia on Resistance from End-users

Prices of Asian styrenics, which include styrene monomer, polystyrene and acrylonitrile-butadiene-styrene, looks set to down adjust in the next few weeks as per Platts. This drop could occur as sentiment turns bearish on signs of increasing supply of feedstock SM, along with rising resistance from downstream buyers. The adjustment is likely to be on a...

Mar 27th, 2009

South Korea Had 13.16 mln tpa of Olefins Production Capacity

Over-capacity will become increasingly problematic at a time of depressed product prices and high feedstock costs, which are the results of the global economic downturn and a massive increase in capacity in Asia and the Middle East, according to BMI’s latest South Korea Petrochemicals Report. In 2008, South Korea had 13.16 mln tpa of olefins production...

Mar 26th, 2009

Asia ABS Prices Surge $100-150/mt in a Week on Healthy Demand

Asian acrylonitrile-butadiene-styrene prices surged at least $100-150/mt in a week as dealers pushed up retail prices on healthy demand and limited supply. A dealer in Hong Kong called the recent surge an “irrational” price trend. The uptrend in ABS prices initially triggered by producers due to the rising cost of feedstock styrene monomer earlier in the month,...

Feb 6th, 2009

Polymers, Rubbers, Resins Market Reports 2009 were released by Merchant Re-search & Consulting Ltd.

LONDON, England Merchant Research & Consulting Ltd. completed a series of reports devoted to the Polymers, Rubbers, Resins Markets in January 2009. The reports package analyses markets for the main commodity polymers, which are Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile-Butadiene-Styrene, Polyethylene Terephthalate, Polycarbonate. Apart from that, the Report Package (2009) focuses on markets for High Density Polyethylene, Low...

Feb 5th, 2009

Asian ACN Producers Lift Run Rates on Renewed Demand, Low Stocks

Asian acrylonitrile producers are progressively increasing production rates in light of renewed demand and low inventories, producers said Thursday. From January, several Asian ACN factories have ramped up operating rates and/or restarted previously shut lines, citing more orders from the acrylic fibre and acrylonitrile-butadiene-styrene industries. In South Korea, Tongsuh Petrochemical had restarted its larger No. 3...

Feb 2nd, 2009

Asia Sees Influx of Deep-sea Butadiene Cargoes from US, Europe

Asia is seeing an influx of deep-sea butadiene cargoes as traders capitalize on the arbitrage opportunity because of the difference in price in Asia, Europe and the US. While Asian butadiene was assessed at $445/mt FOB Korea basis last week, the spot price in Europe was $300/mt FOB Rotterdam. Spot butadiene prices in the US...

Jan 26th, 2009

Butadiene Prices on the Way Down to 30¢/lb

Spot market prices for butadiene have dropped 68.5% since September to 45¢/lb this month, according to Purchasingdata.com. However, early buys for February deliveries are being reported as low as 30¢, according to sister website ICISPricing.com. That would bring the price of this important industrial chemical used as a monomer back to where it was in...

Jan 14th, 2009

Price trends of oil, polymer feedstock and commodity polymers in Asia for t…

CRUDE OIL In the week January 12, 2009, data pointing to weaker economies continued to indicate eroding demand, plunging crude oil prices to US$40/barrel on the New York Mercantile Exchange. Despite the latest OPEC production cut that came into effect on the first day of the year, crude oil prices have dipped, and so have...

Jan 8th, 2009

Price trends of oil, polymer feedstock and commodity polymers in Asia for

CRUDE OIL Crude oil ended the week of January 5, 2009 at a higher note. Light, sweet crude for February delivery rose to US$47 on the New York Mercantile Exchange as tensions mounted when Israel amplified a ground offensive against Hamas militants in Gaza. Thousands of Israeli troops backed by tanks and helicopter gunships surrounded...

Jan 7th, 2009

Downcast downstream demand weakens ABS prices in Asia

Downcast downstream demand has weakened ABS market in Asia amid another plunge in feedstock butadiene prices. After the fall in butadiene values, key South Korean and Taiwanese producers have reduced CFR China offers to US$1070/MT, with lows ranging at US$1035. Minor deals for January shipment were heard concluded at US$1030/MT while several buyers from China...

Dec 26th, 2008

Price trends of oil, polymer feedstock and commodity polymers in Asia for

CRUDE OIL Crude oil prices have ended the week of December 22, 2008 at new lows of US$33.8 in New York, mainly pushed down by lackluster demand. Earlier in the week, OPEC’s biggest output cut in more than a decade failed to stop a price drop as recession sapped demand. Despite an announcement by OPEC...

Dec 16th, 2008

Mitsubishi Chemical Develops Brand New Technology to Produce Butadiene

Mitsubishi Chemical Corporation has developed a brand new technology to manufacture butadiene from butenes using proprietary catalyst and examined it at a pilot plant in its Mizushima Plant in Japan. Since MCC has now had a firm prospect to industrialize the new production technology, MCC plans to produce the process design package within the next...