Chemical News
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Asian ethanol prices hit a low on lack of market support May 17,2012
Asian ethanol was assessed at a low of $683/cu m CIF Philippines Tuesday, because of a lack of support in the market, trading sources said. It's the lowest level since Platts started assessing the gasoline additive on March 7, 2011, when it was assessed at $817.50/cu m CIF Philippines. Demand for ethanol grew in 2011, prompted by the countr...>>>
Flood of Iran LDPE expected in China after shipment delays: trading source May 17,2012
About three months' accumulated volumes of low density polyethylene are expected to arrive in China from Iran in May due to earlier shipping delays, a source from an Iranian distributor said Wednesday. "There are almost three months worth of cargoes that will arrive in May," he said. "Because shipments [from Iran] were delayed." The source ...>>>
Ukraine eyes up to 10% stake in the Trans-Anatolian gas pipeline May 17,2012
Ukraine is looking to take a stake of up to 10% in the Trans-Anatolian Pipeline Project (TANAP) gas route and hopes to continue talks on the issue once an intergovernmental agreement between Azerbaijan and Turkey has been signed, according to Sergiy Korsunsky, Ukrainian ambassador to Turkey. Korsunsky was speaking at the CIS Oil and Gas Summi...>>>
British Columbia adopts regulation promoting use of natural gas vehicles May 17,2012
The British Columbia Ministry of Energy and Mines has adopted a regulation to allow utilities in the province to spend millions of dollars on natural gas vehicles and infrastructure. The regulation "will help us build on our global leadership in clean transportation, bringing new jobs and more economic opportunities to the province," energy min...>>>
European gasoline cracks hit two-week lows on slow demand, weak arb May 17,2012
European gasoline cracks dropped sharply on Tuesday, as chronically slow demand in Europe and a sharp fall in the relative strength of the NYMEX RBOB contract to ICE Brent pulled cracks downwards. The balance-month FOB Rotterdam Eurobob gasoline crack swap dropped $1.60/barrel from Monday's close to be assessed at a two-week low of $9.05/b, whi...>>>
US Atlantic Coast fuel oil stocks drop to new low on Argentine demand: sources May 17,2012
Utility demand in Argentina for 1.0%S residual fuel oil has kept exports brisk in the US Atlantic Coast, dropping stocks there to a new low, sources said. Atlantic Coast fuel oil stocks fell 200,000 b/d to 7.7 million barrels, according to data released by the US Energy Information Administration on Wednesday. That is the lowest level since the...>>>
Luxus unveils sustainable lightweight polymer at PDM May 16,2012
The automotive sector in particular will benefit from the new polymer as it enables manufacturers to reduce vehicle weight and meet tough CO2 targets. The lightweight polymer has been developed to replace standard talc filled grades for car interior components. It offers a weight reduction of 10-15% compared to a typical 25% talc filled material....>>>
China's LG Yongxing may lower ABS run rates due to poor demand May 16,2012
China's LG Yongxing is considering lowering run rates its acrylonitrile-butadiene-styrene plant due to poor demand, a company source said Tuesday. The 700,000 mt/year plant in Ningbo is currently running at 70%, the source said. "The market is bad. There is no support," the source said. Asian ABS prices were assessed last Wednesday at $1,...>>>
Italy's Polimeri to return to toluene spot market 'late June': source May 16,2012
Italy's Polimeri expects to return to the European toluene spot market in "late June," a company source confirmed Tuesday morning. Some Northwest European market sources had said that Polimeri had been seen selling a 3,000 mt spot parcel in the current market, but this was denied by the company source, who confirmed that "for the moment we are ...>>>
Pemex LDPE Cangrejera plant brought online Sunday: source May 16,2012
Mexico's state-owned polyethylene producer Pemex brought online one of the three trains at its Cangrejera LDPE plant Sunday, a company source said Tuesday. The programmed maintenance shutdown at Cangrejera's LDPE plant started on April 18, and Pemex returned the plant to normal operations on schedule. The three Cangrejera LDPE plant trains ...>>>
International Chemical Exhibition
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