Industry: Specialty chemicals

Chemical industry summary Chemical companies are currently releasing quarterly and full-year 2015 earnings results. Thus far, earnings reports have been a mixed bag as viewed with last year’s results. All companies are reporting year-on-year decreases in revenue as a consequence of the global energy price deflation. However, different sectors of the industry are reporting earnings […]

Chemical industry summary Lack of confidence in global chemical demand and weakness in the energy sector have spurred a generally gloomy outlook for global chemicals in 2016. The continuing weakness in the Chinese demand, especially for commodities, has resulted in weakness in global stock markets and especially on the Shanghai Exchange. Very high global inventories […]

Chemical industry summary Publicly traded US commodity chemical producers reported surprisingly good financial results for the recently completed third quarter. Margins in Q3 for the US polyolefin chain decreased sequentially with polymer prices falling more than feedstock costs. However, for Europe, the story was reversed with declining oil and naphtha prices falling faster than olefins […]

Chemical industry summary The deflation of global chemical prices continues following declining feedstock and oil/gas prices. Key olefins in the US are now hitting levels not seen since 2009 in some cases, not seen since 2003. Ethylene margins are starting to ease for US shale gas-based chemical producers as lower international prices have resulted from […]

Chemical industry summary Reflecting a lower cost basis, global commodity chemical prices continue to wilt as the global chemical industry adjusts to lower crude oil prices. Spot ethylene in Asia has recently traded near US$800 per MT, down from US$1,400 in July. Margins have eased for producers in all regions. The Asian ethylene/naphtha spread has […]

Chemical industry summary US and global commodity chemical companies generally reported favorable financial results in the Q2 earnings season, with several companies reporting record results. Commodity chemical prices proved to be relatively stable despite ongoing feedstock price erosion. Demand for polyolefins in all regions was relatively firm and producers’ inventories at the end of Q2 […]

AMERICAS Dunkin’ Donuts seeking replacement of EPS cup Dunkin’ Brands Group Inc. has looked for alternatives to expanded polystyrene (EPS) foam cups for its coffee cups. Currently, polypropylene foam cups from Berry Plastics Group have been considered the best alternative to EPS foam cups. Dunkin’ Donuts also seeks a new and recyclable lid to be […]

AMERICAS   Shintech to build new ethylene unit at Iberville Parish facility   Shintech, the largest PVC producer in North America, will invest USD 1.4 billion for a new ethane cracker installed at its facility in Iberville Parish, Louisiana, as well as infrastructures that connect ethylene output to VCM and PVC units. The new plant […]

AMERICAS   Nova Chemicals evaluating new PE plant   Canada-headquartered Nova Chemicals is considering building a new PE plant and might have a final decision within 12-18 months. If this PE project realizes, the PE plant would benefit from its expansion project of cracker in Corunna, Canada which is due on stream in 2017. In […]

AMERICAS   ExxonMobil launches new Vistamaxx grade   ExxonMobil has introduced a new propylene-based elastomers grade, Vistamaxx3588FL. The new material offers good heat seal properties with excellent processability in cPP and BOPP film applications. Comments: Snack, biscuit, and candy packaging in China and Southeast Asia are expected to be some of the highest growth areas […]

AMERICAS Borealis to invest in PP compounding in Brazil Borealis has completed the expansion of its PP compounding facility in Itatiba, Brazil. The expansion was completed with an investment of about USD 48 million. The expansion project included the addition of two new lines; the output from the new lines will be sold to automotive […]

AMERICAS Formosa Plastics to build new PE plant Formosa Plastics’ new PE plant at Point Comfort, Texas will have the capacity to produce 525 KTA. This will be the second PE unit at the Point Comfort complex. Construction for this unit is expected to begin in the fourth quarter of 2015 and the plant is […]