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Asia: Sumitomo Adding Singapore PMMA Line: p>Singapore - Sumitomo Chemical is building a third polymethyl methacry-late (PMMA) line at its site in Singapore. The line, scheduled to start commercial production in the third quarter of 2012, will add 50,000 t/y of capacity, increas-ing Sumitomo s PMMA capacity to 150,000 t/y ...

China: Longkou Bingang Oil Tank Farm in Shandong to start operation of 100,000-cu-m fuel oil tanks yearend: p>Shandong-based Longkou Bingang Oil Tank Farm (Bingang Liquid Chemicals Terminal Co) plans to start operating 100,000 cu m of fuel oil tanks at the end of 2010, a source with the tank farm said on Oct 19. The construction of these tanks began in the second quarter of 2010, the ...

Asia: China's crude imports in Sep hit record high: GAC: p>China's crude imports climbed 11.44% on month or 35.41% on year to 23.29-mil mt in September, setting a record high, according to the data from the General Administration of Customs. China hiked crude imports as its crude throughput grew after PetroChina Qinzhou refinery came ...

China: Yanchang Petroleum plans 20-mil-mt-yr refining project in Dalian, NE. China: p>Shaanxi Yanchang Petroleum plans to build a 20-mil-mt-yr oil refining and chemical complex in Dalian, Northeast China, learned from a source with the company. "The company has signed a framework agreement with Dalian city government, but it has not made specific plans for units ...

China: Sinopec to export from S. China 97,000mt of distillates in Oct, down 43% on month: p>Sinopec plans to export a combined 97,000mt of distillates produced by subsidiary refineries in South China in October, sharply down 73,000mt or 43% from the previous month, according to refinery sources. Gasoline exports are 25,000mt, plunging 74% on month; gasoil exports inch ...

China: Taiwan CPC to supply merely 1,000-1,500mt of base oils to Mainland China in Oct: p>Taiwan's Chinese Petroleum Co (CPC) would peg its base oil spot supplies to Mainland China at low level of merely 1,000-1,500mt in October, revealed a source with the oil company, adding that the refiner planned to sent only 3,500mt of spot cargoes abroad in the month. Amid the ...

China: Oct unlikely to expect base oil supplies from Taiwan FPCC on startup delay: p>October would see no base oil spot supplies from Taiwan's Formosa Petrochemical Co (FPCC) because its application for unit restart had not been approved by the local government, revealed a source with the company. As reported earlier, FPCC closed down its refinery in Mailiao ...

Americas: US utilities cautious on coal; stockpiles falling: consultant: p>US utilities at this time are "more hesitant than ever to burn coal," Wood Mackenzie coal consultant Ben Hewson said Wednesday at the American Coal Council's Coal Market Strategies conference in Tucson, Arizona. Following recent announcements of retirements and facility idling ...

Asia: Bayer Thai to expand Map Ta Phut BPA, polycarbonate capacity in 2010: p>Bayer Thai said Tuesday it expects to increase its production capacity of polycarbonate by 10% and bisphenol-A by 24% before the end of 2010. It can currently produce 225,000 mt/year of BPA and 250,000 mt/year of polycarbonate. The company received end September an operating ...

Americas: USG-Asia mixed xylenes arbitrage opens on Far East PX, PTA demand: p>A US Gulf-Asia mixed xylenes arbitrage opened Monday, on the back of strong paraxylene and purified terephthalic acid demand in the Far East. The H1 December FOB Korea assessment shot up $16 to $970/mt. USG-Korea freight was pegged at $55/mt for a 5,000 mt parcel. US Gulf Coast ...

Europe: European styrene climbs to $1,200/mt despite Asia dip: p>European styrene prices continued to climb to around $1,200/mt Tuesday, up $14/mt, Tuesday despite a dip in Asia earlier. European styrene prices were assessed by Platts at $1,186/mt on Monday. Although no deals were reported done so far, traders priced October loading barges ...

Asia: Chinese PP players face price hikes following the holidays: p>As of the start of this week, Chinese players have started to return back to their desks and they faced price hikes on homo-PP prices, which caused the sentiment in other global PP markets including Southeast Asia and Turkey to shift this week. In China s PP market, both ...

Asia: Small shipping companies in Asia ferrying Iran's petrochemicals: p>Shipping companies across Asia with small fleets have come in the aid of businesses in Asia that want to import Iranian petrochemical products, industry sources said this week. There are no shipping companies with chemical tankers in Iran, and all the petrochemicals produced in ...

Europe: NWE polyethylene deliveries hampered by French strike: sources: p>Strikes in France over pension reform have hampered the export of polyethylene, sources said Wednesday. "There is a growing concern about prompt polyethylene supply out of France," a producer said, adding: "We already see an impact in the low density polyethylene market, it is ...

Americas: Brazil's PP, PE domestic offers jump Reals 200/mt in October: p>Braskem reported October polyethylene and polypropylene offer prices for the Brazilian domestic market increased by Reals 200/mt, over September. "The only resin that the offer price wasn't on the rise was LDPE due to the fact that during September offers were increased by ...

Americas: Strong pricing leads CSX to record Q3 earnings: p>CSX Corp may be operating more trains as the US economy improves, but higher pricing -- not locomotives -- pulled the railroad to record profits during the third quarter. The Jacksonville, Florida, company reported third-quarter income of $414 million, a 43% jump good for $1.08 ...

Americas: PG and E asks for 10 additional days to complete leak survey: p>Pacific Gas and Electric, citing weather and equipment delays, has asked for 10 more days to complete a state-mandated survey of its extensive natural gas transmission system in the wake of an explosion and fire on PG&E's 30-inch-diameter Line 132 in the community of San Bruno, ...

Europe: OPEC keeps oil output targets, to meet again December 11: p>OPEC agreed Thursday as expected to maintain its current 24,845 million b/d crude production target and to meet next in Quito, Ecuador, on December 11, ministers said. "The message is there is enough oil in the market," Venezuela's Rafael Ramirez told reporters the group ended ...

Europe: Gazprom proposes hiking gas transport tariff by 15.3% from 2011: p>Russian gas monopoly Gazprom has proposed increasing the transportation tariff for independent gas producers by 15.3% from 2011, a spokesman for the federal tariff service said Wednesday. "We received the proposal from Gazprom to raise the tariff by 15.3% about three weeks ago ...

Asia: East-West gasoil voyages canceled on weak arbitrage, tight supply: p>Charterers with vessels on subjects for moving gasoil from Asia or the Middle East to the West have canceled at least five vessel bookings this week due to weak arbitrage economics and limited supply in the region, trading sources said. Mercuria Energy, one of the latest ...

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