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More Sadara, MDI

...in August, began production at its 200,000 tonne/year toluene di-isocyanate (TDI) unit. Commercial sales of Sadara’s TDI is expected in late-2017 or early-2018. ■ By Izham Ahmad Matthew Chong https://www.icis.com/resources/news/2017/11/08/10161833/sadara-ships-first-pmdi-to-saudi-arabia-amid-record-high-prices/...

PPG Acquires Ennis-Flint

...further expand our product offering and opportunities in rapidly developing and high-growth mobility technology solutions,” said Michael McGarry, PPG chairman and chief executive officer. “The company is well known for...

Spandex Product Development

...space. In the industry landscape with multiple growth points, there is still considerable room for growth in the spandex industry, which will drive the positive expectation for PTMEG consumption. https://www.pudaily.com/Home/NewsDetails/35793...

Stepan Urethane Highlights from Investors Call

...raw material shortages and logistics constraints. Surfactant operating income was down 16% largely due to higher North American supply chain costs, driven by inflation, higher planned maintenance costs and the...

More Backlog, Although This Too Will End, Just a Question of When

...off the ports of Los Angeles and Long Beach on Sunday, a new all-time high. The earlier high of 40 at anchor was set on Feb. 1 and matched several...

BASF Update

...growth in sales for 2019, compared to 2018, driven by higher sales volumes and portfolio effects. Earnings before interest and taxes (EBIT) would also come “slightly” above 2018 levels. Despite...

European Update

...PMI has slipped to 49.6, and the S&P Global Germany Composite PMI for August was revised lower to 46.9. Slowing economic growth in the EU has been exacerbated by high...

Propylene Settles Up $0.015/lb for March

...cents/lb MtB-pipe. Platts assessed US PGP and RGP on Thursday at 29.75-30.25 cents/lb FD USG and 20.75-21.25 cents/lb FD USG, respectively. –Pavel Pavlov, pavel.pavlov@platts.com –Edited by Derek Sands, derek.sands@platts.com http://www.platts.com/latest-news/petrochemicals/houston/march-us-propylene-contracts-settling-15-centlb-21082831...

Propylene Tight in Europe

...mid-August. In addition LyondellBasell is set to carry out scheduled maintenance at one of its crackers at Wesseling, Germany, in September. –Amar Carmody, amar.carmody@spglobal.com –Edited by Jonathan Dart, jonathan.dart@spglobal.com http://www.platts.com/latest-news/petrochemicals/london/european-polypropylene-spot-price-rises-for-first-26519750...

Single-Family Housing Surges

...Powell keeps rates low. The data indicate residential construction may add to fourth-quarter growth after contributing in the previous quarter for the first time since the end of 2017. https://www.zerohedge.com/economics/us-single-family-building-permits-reach-12-year-high...