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BASF Declares Force Majeure on EO in Europe

...the spokesman added. BASF has two crackers at Ludwigshafen, with ethylene capacities of 220,000 mt/year and 400,000 mt/year. It also operates a 1.08 million mt/year cracker in Antwerp. http:/ong>/wwwong>.plattsong>.com/latestong>-news/petrochemicals/london/basf-declaresong>-forong>ce-majeure-on-european-eo-meg-21472430...

More on Inventories

...retailer will need to cancel orders or offer discounts to clear out unwanted goods, the ong>latestong> sign of the sudden mismatch between supply and demand inside America’s stores. In this...

World Population Growth Coming to an End

...in the past when it was the very high mortality that kept population growth in check. In the new balance it will be low fertility keeps population changes small. https:/ong>/wwwong>.zerohedgeong>.comong>/news/2019-06-20/200-years-rapid-global-population-growth-willong>-comong>e-end...

Q2 Growth Revised to 3%

...reminder printed at 1.2% While most ong>comong>ponents were revised higher in the ong>latestong> release (with the notable exception of government which downshifted from 0.12% to -0.05%) the bigges contributor to...

Two Separate BASF Explosions Today

...facilities this year.The global ong>comong>pany currently employs 122,000 people worldwide, with more than 52,800 in Germany alone. Last year, it posted revenues in excess of €70 billion (£63 billion). http:/ong>/wwwong>.dailystar.co.uk/newsong>/latestong>-news/554251/basf-Lampertheim-fire-germany-factory-chemicals-producer-flames-video-twitter...

Green Shoots

...2023, with almost 50% saying it will happen in the second half of the year. “Despite all the bad headlines and mixed datapoints on macro, our ong>latestong> quarterly Shipper Survey...

Ashland Increasing Prices

...lb depending on grade. Ashland is taking appropriate pricing actions in response to raw ong>materialong> cost inflation. The ong>latestong> move follows a series of price increases announced last month. https:/ong>/wwwong>.investopediaong>.comong>/partner/zacks/ashland-ash-set-increase-price-selective-products/...

Propylene Inventories Rise

...76,000 barrels week on week to 4.43 million barrels. Imports in the most recent week fell 45,000 b/d to 82,000 b/d, while exports remained flat at 505,000 b/d. http:/ong>/wwwong>.plattsong>.com/latestong>-news/petrochemicals/houston/us-data—-weekly-propane-propylene-stocks-rise-26211128...

February Propylene Nominated Down 1c/lb

...of a 0.5 cent/lb increase heard in December. If the settlement is accepted market-wide, it would mark the first decrease since a 3-cents/lb drop in August, Platts data show. http:/ong>/wwwong>.plattsong>.com/latestong>-news/petrochemicals/houston/initial-february-us-propylene-nomination-calls-21829151...

Debt Picture

...the highest in a decade. As confirmation, expect delinquency trends to turn sharply higher over the ong>comong>ing months as higher interest rates ong>comong>e home to roost. Source: NY Fed https:/ong>/wwwong>.zerohedgeong>.comong>/news/2018-02-13/household-debt-rises-572-billion-ends-2017-new-all-time-high...