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Iso Butanol Prices Tumble on Easing Supplies and Feeble Demand in India. Iso Butanol Prices Tumble on Easing Supplies and Feeble Demand in India. Iso Butanol Prices Tumble on Easing Supplies and Feeble Demand in India. 3-Dec-2021 Journalist: S.
Jayavikraman Iso Butanol, a chemical of the oxo alcohol family has witnessed an astonishing tumble since the mid of November which has extended till the last month of 2021. OPEC + Alliance Sticks with 400,000 Barrels/Day in January 2022. 6-Dec-2021 Journalist: Timothy Greene On Thursday, the 23rd ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) + Alliance was held on an online platform.
The conclusion reasserted the continued commitment of participating countries in the “Declaration of Cooperation” to secure the stability and balance of the oil market. By closely monitoring the current international oil market situation and weighing the consensus on its prospects, the meeting further restated the decision of the 10th ministerial meeting between the OPEC + Alliance held in early April. Ethylene Dichloride Prices Expected to Maintain a Firm Trend in the USA. INEOS Styrolution to Invest in an Advanced Recycling Plant for Polystyrene. Global Glycerin Market Outlook Bullish despite Emergence of Omicron. Soaring Raw Material Prices to Keep Calcium Citrate Values Firm in the Indian Market.
2-Dec-2021 Journalist: S.
Jayavikraman Indian Pharma industry has been enduring tremendous hike in raw material cost since prolong time. Global Glycerin Market Outlook Bullish despite Emergence of Omicron. Hike in the domestic price of LPG in China. 1-Dec-2021 Journalist: Xiang Hong As per industry source Shandong, the price of LPG was observed as $836/ton on 29th November and $838/ton on 30th November with the single day increment of 0.23% which was down by 9.54% compared to 1st November.
Shandong civil gas has increased the domestic prices of Liquefied Petroleum Gas and sharp increase of international crude oil prices gave it a boost to the market. The overall transaction atmosphere was observed as working and the manufacturers have shipped smoothly which will increase the sale price of domestic producers of China. The prices of Butane were also surged due to its application in propane dehydrogenation plant which will be used for heating purpose for upcoming winters. Crude Oil recovered to an extent sans record fall, Petrochem market still in the doldrums. Shipping Container Scarcity Cripples Asian Supply Chains, Ethylene Cargoes Appear to be Long Way Off. Korean Benzene Show Signs of Ease Against Falling Crude. 30-Nov-2021 Journalist: Jung Hoon After a volatile week, FOB Seoul (Korea) Benzene price settled around $950/mt in the week ending 26th Nov., showing a marginal ease (-$4/mt) change over the levels observed last week.
The Asian Benzene market outlook remained highly uncertain while the Chinese Benzene market closed at an upper hand due to strong derivatives demand and low material availability. Decreasing spread with Naphtha continued to impact the BTX aromatics spread towards the closure of the final week of November. Downstream Toluene resolutely traces an uptrend at around $880/mt levels while xylene stays consistently flat.
New Coronavirus Variant, High Supply to Hit Crude Oil Prices. Westlake Confirms USD 1.2 Billion Contract for Hexion's Epoxy Business Acquisition. 29-Nov-2021 Journalist: Jaideep The world’s premier manufacturer of petrochemicals, plastics, and building products, Westlake Chemical has confirmed to have entered into a definitive agreement to acquire the global epoxy business of the USA-based Hexion Corporation for USD 1.2 billion.
The estimated time of completion of the transaction is during the first half of 2022. Hexion’s epoxy business, with a portfolio of base epoxy resins, epoxy speciality resins and intermediate product line, is a pioneer solution for coatings and composites application and is accountable for the gross sale valuing to USD 1.5 billion in the last 12 months ended on September 12, 2021. Polyolefin Elastomer Prices to Remain on a Growth Trajectory in the USA. Shell Scales Down its Singapore Refinery Capacity to Introduce Sustainability Transition in Feedstocks. Ethylene Dichloride Prices Expected to Maintain a Firm Trend in the USA. 26-Nov-2021 Journalist: Bob Duffler The prices of Ethylene Dichloride (EDC) have been on a growth trajectory for the past two months in the USA and the prices are expected to maintain a bullish run as the regional demand remains high as the demand from downstream sectors is increasing on the back of a growing construction sector which is reviving from the lockdown constraints.
The prices of EDC were assessed at USD 850 per tonne in September. The prices have been rising since then with the prices reaching a high of USD 900 per tonne in the starting of October. The prices in the month of November this week were assessed to be USD 960 per tonne. Polypropylene Prices Expected to Remain Stable in the USA Amid Steady Propylene Prices. Global Prices of EPDM Rubber on the Rise. 25-Nov-2021 Journalist: Francis Stokes The prices of EPDM rubber are rising globally owing to the rising crude oil prices and freight rates.
The prices in Europe have been rising since the past five months. The prices in Germany were assessed at USD 2862 per tonne in June which started to rise reaching to USD 2983 per tonne in July further rising to USD 3264 per tonne in the month of August. The prices remained high in the month of September which rose to USD 3878 per tonne in the mid-October. Shipping Industry Revamp is in the Offing: Nineteen Countries Vow to Build Green Shipping Lanes to Furnish Zero-Carbon Trading.
23-Nov-2021 Journalist: Henry Locke Nineteen major countries of the world have decided to take on the task of prioritizing sustainability in the maritime trading by linking the ports with zero-carbon emission (green) trade routes.
The signatory countries include the United States, Canada, Britain, Belgium, Costa Rica, Chile, Germany, Denmark, Fiji, Republic of Ireland, Finland, France, Japan, Netherlands, Marshall Islands, Norway, New Zealand, Sweden, and Australia. The countries, during the COP26 climate summit held in Glasgow from 31 October to 13 November 2021, decided on the target of building six green routes by 2025 and will work further to take the numbers further ahead by 2030. Mono Ethylene Glycol Prices Jump Higher in Asia. 24-Nov-2021 Journalist: Jung Hoon Mono Ethylene Glycol (MEG) prices climbed higher in Asia on Tuesday.
The price rise was triggered by improved regional buying sentiment and limited product supply. Prices of Acrylonitrile Butadiene Styrene Expected to Fall in USA. Honeywell’s Carbon Capture Technology to be Applied to SK Innovation Hydrogen Facility for Feasibility Checks. 23-Nov-2021 Journalist: Nicholas Seifield In an announcement made yesterday, the USA-based leading technology developer and provider, Honeywell UOP, expressed its gratification on being selected by South Korea’s leading refiner SK Innovation Co. Ltd., for providing its carbon capture technology for retrofitting of SK Innovation’s hydrogen facility in Ulsan, South Korea.
The move mimics South Korea’s sustainability roadmap to achieve net-zero emissions by 2050. Overhauling Shipping Container Congestion on the USA Ports Puts Recycled Plastic Exports in Jeopardy. 22-Nov-2021 Journalist: Henry Locke The incessantly growing supply-chain crisis on the USA ports has suddenly gained limelight when the President of the USA, Joe Biden, took a grim look at the situation beseeching private businesses, port, and union leaders to make strategies for removing the immediate constraints and searching long-term remedies for vulnerable spots in the logistic system. The clogging of cargo-loaded ships, which are forced to stay idle on the USA ports due to the lack of containers, has become a common scenario since the third quarter of 2021. Rainstorms Push Canada’s Trans Mountain Oil Pipeline to Shut Down, Delayed Deliveries May Surge Oil Prices in North America. 17-Nov-2021 Journalist: Jacob Kutchner Torrential rainstorms, that have been battering across Canada’s western province of British Columbia since Monday, have triggered mudslides and inundated roads causing the release of evacuation orders for the entire city of Merritt and leading to the shutdown of Canada’s sole crude oil export pipeline, Trans Mountain, which extends to the USA.
The government-owned Trans Mountain pipeline carries 300,000 barrels per day of crude oil and refined products from Alberta to the Pacific Coast. Further developments on a proposed expansion of the pipeline have also been shelved for the time being. The pipeline had been accountable for delivering light oil to almost two-third volume of the total export to the US oil refineries in the first half of 2021. Revolutionary GHG Quantification Method for LNG Shipments Sets the Stage for Rigorous Cargo Surveillance. 18-Nov-2021 Journalist: Patricia Jose Perez As per the recent announcement by the leading energy solution provider - Pavilion Energy Trading & Supply Pte. Ltd, Qatar’s state-owned petroleum company – Qatar Energy, and the world’s leading refiner and energy provider - Chevron U.S.A. Inc. (Singapore branch), a novel SGE methodology for the quantification of greenhouse gas emission (GHG) has been published jointly by the three companies for generating a statement of greenhouse emissions for the delivered liquified natural gas (LNG) cargoes.
Europe's Road Freight to Revolutionize with the Advent of Hydrogen Ecosystem. HDPE and Polypropylene Prices to Soar in Australia Amid Disastrous Shipment Container Crisis. 17-Nov-2021 Journalist: Harold Finch The HDPE and polypropylene downstream businesses in Australia have become vulnerable owing to the increasing volatility in shipping industry due to the issue of acute container shortage at ports across the globe which has disrupted the trade of several commodities including petrochemicals. Since, Australia heavily relies on imports for satiating its demand for plastics, the weak off takes due reduction in import activity in the present situation reveals signs of soaring HDPE and polypropylene prices in the coming months in the country.
Shipping movements, which are known for being punctual and economical, are accountable for 90% of the total global trade. Purified Terephthalic Acid Price in India Expected to Rise. Is Air Freight the Answer to the Stumbling Petrochemical Spot Trading Through Marine Transportation? Europe’s Road Freight to Revolutionize with the Advent of Hydrogen Ecosystem. Styrene Monomer Prices Decline in the Asian Markets.
Weak Demand to Drive Down the Crude Oil Market Futures Resulting in Stagnant Shipment Activity. Ethylene Vinyl Acetate Prices Continue to be on an Upwards Trajectory in India. Caustic Soda Prices Skyrocket in India. LyondellBasell Awarded Contract for Lianyungang Petrochemical’s New HDPE Facility in China. China Plans Renewable Methanol Production from Recycled Carbon Dioxide. Polyvinyl Chloride Prices in European Markets Rise. New Green Hydrogen and Ammonia Projects Unveiled by Saudi Aramco. PetroChina and Hengli outplayed in China's first state oil reserve auction.
Indian Oil Corporation Limited Announces New Maleic Anhydride, BDO, THF Plant at Panipat. PVS Chemicals to Initiate Production at New Sulfuric Acid Conversion Unit in Belgium. Surprise Inventories Build Seizes the Relentlessly Escalating Crude Oil Prices in the USA Ripples Extend to Europe. ALPLA Group to Construct an Injection Molding Plant in Kansas City. Crashing Crude Oil Likely to Disbalance Chemicals Buying Sentiments.
Stearic Acid Prices Soar in India on Tight Feedstock Supply. Mitsui Chemicals Procures License to Produce Bio-Polyester. A USD 22 billion investment by PTT Global Chemical is underway towards a zero-carbon emission mission. INEOS Invests USD 1.3 Billion in its Net Zero Emissions Target. Fatty Alcohol Prices Hit Record High in Major World Economies Following Feedstock Crisis and Trade Turbulences. INEOS Plans to Invest USD 2.3 Billion in Green Hydrogen Projects Throughout Europe. Biden Administration Introduces New Strategy to Tackle PFAS Chemicals Contamination. Chemical Prices Might go up on the Back of Hurricane Ida Related Supply Constraints. India Leaps Forward in Clean Energy with Top-Notch Manufacturers Foraying into Green Energy Production.
Solvay Ushers in the Development of Solid-State Battery Materials in Europe. Renewable Hydrogen Energy Projects to be Conjointly Launched by Repsol and EDP in the Iberian Peninsula. The USA Government Backs Lower Crude Oil Prices Foreseeing Ripple Effects of Energy Crisis. Eurasian Economic Commission Proposes Anti-Dumping Duty on HDPE Imports from Uzbekistan. Shell-led Consortium gets Nominated for the USA’s Mega Hydrogen Storage Project.
Extending Supply Constraints, Phthalic Anhydride Price Maintains Firmness in Europe. LG Chem Plans to Build a New Acrylonitrile Butadiene Styrene Plant in Ohio. PKN Orlen to Contrive Carbon Dioxide-To-Polymer Transformation Technology. Stringent Emission Laws Propel Clean Fuel Push in India, Surge in Ethanol Demand Expected. New Biodegradable Polymer Developed by Indian Scientists. Oversupply of Acetone Based Isopropyl Alcohol in Global Markets. Asia’s Petroleum Trade Gets Turbulent Following China’s Tax Policy Changes. Power Outage in China, Basic Chemical Prices in Asia to Rise. China’s natural gas purchase ramps up amid the ongoing coal shortage, the world’s energy at risk. Europe-Asia Naphtha Arbitrage Continues Slimming Down Amid Tight Supply in Europe. Bisphenol A Prices Continue to Fall in Asia Amid Weak Demand and Low Downstream Market Sentiment.
China’s reduced productions amid energy disruptions to benefit Indian petrochemical producers. CSIR-NCL and Reliance Industries together undertake to recycle medical plastic wastes. Methyl Isobutyl Ketone market Price. Yara to Fill UK with Ammonia Feedstocks Amid Production Rundown, Is Fertilizer Supply to Stabilize? Natural Gas Prices in Europe. Polyoxymethylene (POM) Prices, News, Market & Analysis. India’s Caustic Soda Lye Exports Increases, Domestic Prices Take an Upward Trend. Uz-Kor’s Scheduled Turnaround of PP and HDPE Plants Curtails Supplies, Prices to Shoot Up. Prices of Poly Vinyl Chloride in USA. Acrylonitrile Prices Rise in Asia.
Acetic Acid Price in Asia on an Upward Trajectory After Falling Last Month. Ethylene Prices In USA. Petrochina Liaoyang Launches a New HDPE Production Plan. Europe Increasingly Becoming More Dependent on Domestic Supplies for Butanediol. Liquefied Natural Gas (LNG) Prices, News, Market & Analysis. Caprolactam Plant in Kerela Resumes Operation. Epoxy Resin Price, Market & Analysis.
Prices of Propylene Glycol Rise in USA Amid Tight Feedstock Supply. China Titanium Dioxide prices to Remain High Even in Q3 2021. Polycarbonate Price In North America. Hydrobromic Acid Price, Markets & Analysis. Biodiesel market price In North America. Naphtha production, demand and supply. LPG Supply Surges in China Due to Stronger Imports and Rise in Domestic Production.
Crude Oil Price Market Analysis. BOPP Film Plant in Hungary with 42,000 TPA Capacity. Global Helium Market Analysis. Global Helium Prices. Base Oil Price, Base Oil Market Analysis.