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HURRICANE HARVEY DISRUPTS OVER A THIRD OF U.S. CHEMICAL PRODUCTION

NEGOTIATOR’S TAKE: Hurricane Harvey has caused chemical and plastic prices to rise   |   08.28.17 – American Southwest – Recent mega-storm shuts 37% of U.S. chlorine output and 40% of ethylene; price gains have been urgently seen in already tight

Petrochemical prices plunge on crude

The monthly global ICIS petrochemical index (IPEX), charting price settlements for November contracts, dropped by 6.8% from a revised month earlier figure with the northeast Asia sub-index falling 7.6% and the indexes for Europe and the US down 6.7% and

US ethylene hits 29-month high

Ethylene prices continue to be high in the spot ethylene market because of three ongoing cracker shutdowns and one scheduled shutdown at the end of October. At the beginning of this week, front-month Williams System ethylene traded at 74 cents/lb

Is the Russia-Belarus potash war over?

The Russia-Belarus potash war could be ending as Suleiman Kerimov, the Russian oligarch and primary shareholder of the world’s largest potash miner Uralkali, has agreed to sell his 21.75 per cent stake to billionaire businessman Mikhail Prokhorov, in a move

Potash war, round 2: China gains 12.5% stake in Uralkali

China‘s sovereign wealth fund (CIC) has acquired a 12.5 percent stake in Uralkali, the Russian fertilizer giant currently embroiled in a highly politicized dispute with its Belarusian counterpart, according to a statement released by Uralkali on Tuesday. Analysts said the

Russia/Belarus: Potash War Declared!

Potash is produced worldwide at amounts exceeding 30 million tonnes per year, mostly for use in fertilizers. In 2013, almost 70% of potash production was controlled by two cartels, Canpotex (Canada) and the Belarusian Potash Company (Russia/Belarus). The latter was

Second Year of Titanium Dioxide Price Decline Predicted

Prices for the white paint ingredient, known by its chemical formula TiO2, have tumbled 33 percent to $3.97 a kilogram from a February 2012 peak, according to data compiled by Bloomberg. Producers of titanium-dioxide pigment are facing slimmer margins as prices

US benzene tumbles as end users resist price hikes

US benzene spot prices tumbled swiftly this week after hitting a record $5.35/gal ($1,599.65/mt) DDP US Gulf on Friday, Platts data showed. On Tuesday, October benzene was assessed at $5.18/gal ($1,548.82/mt) DDP, down 9 cents/gal ($26.91/mt) from Monday, while November

Cheap Natural Gas Drives down Costs for Chemicals and Fertilizer

Plunging prices have turned the U.S. into one of the most profitable places in the world to make chemicals and fertilizer, industries that use gas as both a feedstock and an energy source. And they have slashed costs for makers

Highest recorded European styrene spot prices since July 2008

European styrene spot prices are at their highest level since July 2008 because of a lack of availability and a surprising level of demand, market sources said on Friday. September spot styrene was offered at $1,700/tonne (€1,343/tonne) FOB (free on