Oct 3rd, 2017

Saudi Aramco’s New Crude Oil Trading Policy

Saudi Aramco is preparing for initial public offering (IPO) to become a crude oil trader. In this regard, the company is extending a marketing division so that to sell own production crude and oil produced by other operators. As reported by World Oil magazine, the head of the division will be a CEO of Saudi […]...

Sep 26th, 2017

Exxonmobil LNG Contract Price Revision to the Indian Advantage Alarms Other Gas Producers

The fact that India managed to reduce contract price on liquefied natural gas (LNG) provided by an American energy giant ExxonMobil has become the biggest concern to market experts and other global LNG producers. Apart from this 20-year contract, India had been aggressively pursuing cheap money and drove a hard bargain with Qatar in 2015. […]...

Sep 19th, 2017

Butadiene Price for Domestic Consumers Hikes in China

The ICIS source reports that China Petroleum & Chemical Corp. (Sinopec), a major Chinese refiner in Asia, since September has raised the domestic price for butadiene by CNY400 (USD62). The price rise, fixed on Ex Works levels (EXW), will affect eastern and northern regions of China. A Chinese EXW revealed that ex-works butadiene price for […]...

Aug 21st, 2017

China Is Stepping Up Production of Fungicides against the Growth of the Bacterial Diseases

China has restricted the use of copper-containing fungicides, due to the fact that being produced inorganically, they harm the plants. The market of copper-containing fungicides is the sixth largest market for fungicides in the world with $600 million turnover and more than 100 years of experience. In recent years, fungicides have been competing with organic […]...

Aug 14th, 2017

Massive Overproduction Brings Pressure upon Global Carbamide Pricing

Yara International, a key global producer of nitrogenous fertilizers headquartered in Norway, warns about a sustained retreat in prices for carbamide caused by the sweeping overproduction. It will mean the reduction of margins and profits below the market expectations. Despite China had reduced the exports by 32% (over 11 million tonnes), the restoration of profits […]...

Jul 31st, 2017

India: Time to Free the World from Chemical Weapons

Condemning a chemical attack of the governmental forces in Syria, India calls for global freedom from chemical weapons. Indian delegation at Organisation for the Prohibition of Chemical Weapons of India (OPCW) offers two possible and the most efficient ways of disburdening the world from military chemical disaster. First, it is an irreversible destruction of all […]...

Jul 26th, 2017

Gas Price Raising in North Korea: Foreign Producers Have Reduced Supplies

The current prices of gasoline and diesel fuel in North Korea are much higher than in the last month. According to Reuters’s investigation and the evidence of the North Korean defector, the price has increased dramatically due to the fact that China National Petroleum Corp (CNPC), a Chinese state – owned oil supplier, stopped selling […]...

Jul 18th, 2017

China Reduces Imports of Crude Oil in Q3 2017

Leading Chinese refineries reduce production for the summer period. Specifically, in the third quarter, 10% of the national production capacity will be closed. This is primarily due to the growth of electricity consumption plus a large number of accumulated petroleum products. China is the leading importer of crude oil, but currently, there is a decrease […]...

Jul 5th, 2017

Methanol Market Prospects For Global Producers

On 20-21 June CREON Chemicals and Methanol Market Services Asia (MMSA) held XII international conference “Methanol 2017” devoted to the problem of methanol production, advanced technologies and new projects in this area and the issues of supply and demand across the globe. Air Liquide and Agency COMMUNICATIONS were the partners of the event. Global methanol […]...

Jun 6th, 2017

Current Year Forecast: Paraxylene Export Value in South Korea

The recent market research of Korea Petrochemical Industry Association (KPIA) on paraxylene (p-xylene) market includes the forecast for South Korean export activity in this industrial sector. Paraxylene is a basic element for the production of benzene dicarboxylic acid, a semi-product for polyethyleneterephthalate. The experts predict that in 2017 South Korea will increase the export of […]...

Apr 18th, 2017

China Crop Protection Industry Association about Bright Prospects for National Pesticide Sector

The head of China Crop Protection Industry Association (CCPIA) expresses the optimistic forecasts regarding the market of pesticides this year. Due to low prices for crude oil and other raw materials, in 2016 the export prices for pesticides fell, and thus the volume of exports reduced. 2016 financial reports of the major players in this […]...

Apr 11th, 2017

The Leading Chemical Producer Chemchina and the Swiss Group Syngenta are Going to Merge in June

Chinese chemical Corporation ChemChina plans to spend 43 billion dollars to buy the Swiss group Syngenta AG. To do this, in January 2017 ChemChina applied to the U.S. regulator for the approval of the transaction. The American antitrust regulator has recently approved the transaction, and the merger of businesses is expected to be closed in […]...

Mar 27th, 2017

Malaysia Starts Exporting Liquefied Natural Gas Produced At Floating Flng Plant

According to the monitoring of shipping and other sources, Malaysia will become the first world exporter of liquefied natural gas produced on a floating facility. The developers have spent several billion dollars on this project, and a national company Petronas got the start of Royal Dutch Shell in the race for the right to export […]...

Feb 27th, 2017

Independent Oil Refiners in China Have Increased the Imports of Heavy Oil from North America

Since the end of 2016 Chinese independent oil refiners have increased oil purchases from North America. Big oil traders are completely certain that the import of raw materials from these regions will only increase. Some industry traders believe that this is due to the decline of heavy oil by OPEC countries to China, as well […]...

Feb 14th, 2017

The Chemical Industry of Kazakhstan Will Acquire the Newest Ventures by the End of 2018

Kazakhstan plans to increase the production of chlorine-containing products and many other chemical products by launching a new complex on the territory of special economic zone “Chemical Park Taraz”. The new production facilities are scheduled to start in late 2018. The experts estimate the total cost of the project at about 188 million dollars. The […]...

Jan 27th, 2017

Turkish Chemical Manufacturers Switch Over To Calcium Nitrate

In response to the recent ban on ammonium nitrate and kalkammonsaltpeter (CAN), Turkey launches the production of calcium nitrate. The Ministry of Agriculture of Turkey instituted the ban on the trade and inland transportation of ammonium nitrate, potassium nitrate (NOP) and CAN after the terrorist attack in Istanbul on 7 June 2016, as these substances […]...

Jan 27th, 2017

Sadaf Petrochemical Assalouyeh is Entering Asian Market with Eco-Friendly Emulsive Styrene Butadiene Rubber

Sadaf Petrochemical Assalouyeh intends to export out the surplus of emulsive styrene butadiene rubber (ESBR). The greater part of ESBR will be supplied to local manufacturers while the rest part will be delivered to Asia due to the growing demand for this product among foreign producers. Sadaf Petrochemical considers India, China and Turkey the most […]...

Jan 13th, 2017

India produces baking powder from carbon dioxide

Indian manufacturers have learned to produce baking powder from carbon dioxide using a coal-powered boiler. A plant of Tuticorin Alkali Chemicals, a company that manufactures fertilisers, gets carbon dioxide from the boiler and uses it for making soda ash. This technology is the first in the world that involves the extraction of CO2 and other […]...

Jan 5th, 2017

Glyphosate market in China is improving due to the rise in prices of raw materials

China is strengthening the price of glyphosate as a result of price increase for glycine and paraformaldehyde, as well as growing demand from the processing industry. Since August 2016 technical glyphosate prices have been rising. In October the price slightly declined, but in November, there was an advance in price by 22.5 %. Such dynamics […]...

Dec 27th, 2016

Favorable outlook for BASF’s presence in Asia

Being a giant in chemical industry worldwide, BASF is also one of the largest player on the Asian market. Its sales in the region are estimated to over $13 billion a year. The company is even leading in an especially innovative in chemicals Japan: not only BASF has two plants in the country, but it […]...