15 September 2010 06:54 [Source: ICIS news]
SINGAPORE (ICIS)--Asian chemical firms can look to a brighter future when the industry recovers from a trough after 2011, with no fresh supply of low-cost products expected to come from the ?xml:namespace>
“As the era of low-cost
No new crackers have been planned in
“All in all, the Middle East, after accounting for over 40% of global supply additions over the 2008-11 period, has very little to contribute in terms of new supply after 2011,” the report added.
Asian industry players would also benefit from their proximity to
The country was expected to absorb 80-85% of the capacity additions in Asia and the
Thai major PTT Chemical has a cost advantage over peers since it is the only one in
Gas prices in
“We also expect the company to record a significant volume increase of 30% in 2011 as a result of the expected resolution of the Mab Ta Phut issue, which has put the company’s downstream capacity addition on hold in 2010,” the report added.
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