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EVENING SNAPSHOT - Asia Markets Summary
SINGAPORE (ICIS)--Here is Monday's end-of-day Asia oil and chemical markets summary.
CRUDE: Apr BRENT $65.14/bbl, up $0.30/bbl; Mar WTI $62.16/bbl,...
Thailand's PTTGC issues ethylene sales tender
SINGAPORE (ICIS)--Thailands PTT Global Chemical (PTTGC) has issued a tender to export a 5,000 tonne ethylene cargo for second-half March loading,...
Indonesia's Chandra Asri raises cracker run rates to 90%
SINGAPORE (ICIS)--Indonesia's Chandra Asri has raised the operations of its Cilegon cracker back to the pre-outage rates of around 90% capacity, a...
Strong Q4 Covestro results expected as margins hold firm
LONDON (ICIS)--Covestro’s banner financial run is expected to continue with the release of its fourth-quarter (Q4) results this week, but questions...
Argentina to lead Americas’ short-term LNG demand
State-run gas distributor ENARSA is expected to procure a string of LNG cargoes for delivery between May and June, according to market sources in the...
NBP: Potentially high gas demand supports near-term prices
Increased confidence in a sustained period of lower temperatures for Britain supported the near-term NBP prices on 16 February.
India’s BPCL offers for export late Feb-March loading naphtha
SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has issued a tender to export naphtha for loading from Mumbai over the period of...
Power traders eye Nordic-Spanish long-distance spread opportunities
Power traders could stand to profit from predictable European weather patterns during March by taking advantage of long-distance spread trading...
NOON SNAPSHOT - Asia Markets Summary
SINGAPORE (ICIS)--Here is Monday's midday Asia oil and chemical markets summary.
CRUDE: Apr BRENT: $65.29/bbl, up $0.45; Mar WTI: $62.39/bbl, up...
Plant status: South Korea’s GS Caltex shuts FCC for planned maintenance work
SINGAPORE (ICIS)--Here is a plant status report:
Name: GS Caltex
Location: Yeosu, South Korea
Capacity (tonnes/year): 250,000...
India’s HMEL gets green nod for petrochemical complex
MUMBAI (ICIS)--India’s HPCL-Mittal Energy Ltd (HMEL) recently received clearance from India’s ministry of environments for the polymer addition...
Asia top stories - weekly summary
Asia top stories - weekly summary
SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle East for the week ended 16...
BLOG: Plastic rubbish backlash will lead to new polymer manufacturing processes
SINGAPORE (ICIS)--Click here to see the latest blog post on Asian Chemical Connections.
It never made sense. Polymer industry executives used to...
US February contract prices fall 6 cents/lb, spot prices fall
HOUSTON (ICIS)--US February propylene contracts have settled at a decrease of 6 cents/lb ($132/tonne) from the prior month, several market sources...
US ethylene spot prices steady to lower as downtrend stalls
HOUSTON (ICIS)--US ethylene spot prices narrowed towards the lower end, as production remains good while new downstream capacity continues to ramp...
EVENING SNAPSHOT - Americas Markets Summary
HOUSTON (ICIS)--Here is Friday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Apr BRENT: $64.84/bbl, up $0.51; Mar WTI:...
US PP prices set to decrease following February propylene settlement
HOUSTON (ICIS)--Buying interest in the US polypropylene (PP) market remained muted as most buyers anticipate a price decrease for February and...
Nutrien eliminating jobs in Canada with possible further cuts in 2019
HOUSTON (ICIS)--Having pledged to increases its workforce in Saskatchewan, newly created fertilizer titan Nutrien is set to eliminate 33 positions by...
US spot benzene down on week despite late week surge
HOUSTON (ICIS)--US spot benzene prices came down compared with the previous week, although the market was stronger compared with the Friday close...
US EDC moves higher on tight supply, new discussion levels
HOUSTON (ICIS)--US ethylene dichloride (EDC) spot export prices pushed higher during the week after Braskem drew 39,000 tonnes out of the US Gulf to...
Tight supply expected to push US PE prices higher for February
HOUSTON (ICIS)--US polyethylene (PE) contracts for February are expected to settle higher, with many participants anticipating that the contracts...
US styrene spot prices rise on extended force majeure
HOUSTON (ICIS)--US styrene spot prices firmed on Friday on the back of continued tight supply, which was exacerbated by SABIC’s force majeure...
US February PS prices settle at increase
HOUSTON (ICIS)--US polystyrene (PS) contract prices for February have settled at an average increase of 2 cents/lb, following separate price increase...
US TEG markets facing significant upward momentum on supply/demand
HOUSTON (ICIS)--US triethylene glycol (TEG) markets are facing significant upward momentum this month because of supply and demand factors, according...
US naphtha spot prices rebound on gasoline futures bounce
HOUSTON (ICIS)--US weekly naphtha spot prices were assessed higher for the week ending 16 February, rebounding on the back of stronger gasoline...
US acetone spot prices fall on long supply, weaker RGP
HOUSTON (ICIS)--US acetone spot prices were assessed lower on Friday, tracking ample supply and weaker feedstock costs.
Spot prices on a CFR (cost...
US PX spot prices fall, February contracts pending
HOUSTON (ICIS)--US paraxylene (PX) spot prices fell this week, based on bids and offers heard in the market, amid reduced activity in Asia and...
US BD spot prices move up, but uptrend could be short-lived
HOUSTON (ICIS)--US butadiene (BD) spot prices were assessed higher on Friday, but sources said the recent uptrend could be short-lived and reverse...
US spot MX prices increase on crude rebound, short supply
HOUSTON (ICIS)--US spot mixed xylenes (MX) prices increased in the week ended 16 February amid a rebound in crude prices and continued short-term...
US MTBE spot prices fall with Europe
HOUSTON (ICIS)--US methyl tertiary butyl ether (MTBE) spot prices were assessed lower for the week ending 16 February, pressured by lower prices in...
US spot export ACN prices steady amid continued supply constraints
HOUSTON (ICIS)--US spot acrylonitrile (ACN) prices were held steady in the week ended 16 February amid continued global supply tightness and thin...
US spot toluene prices increase on crude rebound, short supply
HOUSTON (ICIS)--US spot toluene prices increased in the week ended 16 February amid a rebound in crude prices and continued short-term supply...
NYMEX: US gas futures finish week just above flat
Natural gas futures on the NYMEX for the Henry Hub benchmark fell slightly at the end of trading, as the March ’18 contract has fallen under pressure...
Brazil Petrobras sells stake in Sao Martinho
HOUSTON (ICIS)--Brazilian state energy producer Petrobras sold its 6.593% stake in ethanol and sugarcane company Sao Martinho, it said on...
Phillips 66 mulls another cracker for CP Chem joint venture – CEO
HOUSTON (ICIS)--US-based Phillips 66 remains open to developing another ethane cracker for its Chevron Phillips Chemical (CP Chem) joint venture, the...
PODCAST: Ethanol conference discusses electric vehicle threat, fuel standards
HOUSTON (ICIS)--News reporter David Haydon speaks with fuels editor Steven McGinn on the Renewable Fuels Association's National Ethanol Conference,...
LyondellBasell declares force majeure on US acetic acid
HOUSTON (ICIS)—LyondellBasell shut down its La Porte, Texas acetic acid unit and declared force majeure on Friday because of the failure of a...
Dow seeks to raise March PE prices in the South region
HOUSTON (ICIS)--Dow is seeking to increase prices for all polyethylene (PE) resins by 4 cents/lb ($88/tonne) in the South region, effective 1 March,...
Dow seeks to raise March PE prices in Mexico
HOUSTON (ICIS)--Dow Chemical is seeking to increase Mexico prices for all polyethylene (PE) resins by 3 cents/lb ($66/tonne) effective 1 March, a...
Plant status: LyondellBasell shuts US La Porte acetic acid unit
HOUSTON (ICIS)--Here is a plant status report:
Location: La Porte, Texas, US
Product: Acetic acid
CRUDE SUMMARY: Oil rises on weaker US dollar
Oil prices opened on a bullish note with high volatility in Asian trading as some market participants were away from their desks because of the...
Forecasts for cold weather lift Italian weekly power contracts
Forecasts for cold weather and gas price gains pushed prices up on the Italian wholesale electricity market in Friday’s session.
Dow seeks to raise March PE prices in the Andean region
HOUSTON (ICIS)--Dow Chemical is seeking to increase prices for all polyethylene (PE) resins by 4 cents/lb ($88/tonne) in the Andean region, effective...
Europe methanol prices dip in tight, deceptively quiet market
LONDON (ICIS)--Europe’s spot methanol prices softened slightly in a very quiet trading week to Friday, though they are still strong versus other...
German imports of Dutch H-gas set to increase
German imports of high-calorific gas (H-gas) from the Netherlands are likely to increase from 2020 as both countries are slowly cutting dependency on...
EU EG imports, exports up in December - Eurostat
LONDON (ICIS)--EU December imports and exports of ethylene glycol (EG) rose year on year, according to the latest data from Eurostat.
EU EG (tonnes)...
Corrected: Transatlantic westbound freight rates up on tighter vessel space, increased enquiries
Correction: In the ICIS news article headlined "Transatlantic westbound freight rates up on tighter vessel space, increased enquiries" dated 16...
Plant status: Evonik's Worms MMA facility to undergo planned maintenance in April
LONDON (ICIS)--Here is a plant status report: Evonik's Worms MMA facility to undergo planned maintenance in April
Short system supports Italian gas Within-day
High demand and a short system lifted Italian wholesale natural gas prompt contracts on Friday, also supported by gains at the surrounding European...
German natural gas contracts continue sideways trend despite gains
German prompt and near-curve products traded higher on Friday, following strong losses posted one session earlier on the country’s NCG and GASPOOL...