Archive | February, 2011

Asian C2 Muddle Reflects Wider Uncertainty

By John Richardson

ASIAN ethylene markets appear to be in a muddle over the Middle East supply picture.

Click here for a graph of the latest pricing – EhylenePrices1March2011.ppt 

A shipping industry source we spoke to recently insisted that more …

Continue Reading

Petchems Confront Another Lehman Bros

 

By John Richardson

THE main issue facing Asian cracker operators a couple of weeks ago was how long co-product credits would continue to compensate for a moribund China polyethylene (PE) market.

Feedstock cost is now the biggest immediate worry. A …

Continue Reading

Lotte’s Indonesian gamble

By Malini Hariharan

South Korea’s Lotte Group, parent company of Honam Petrochemical, is making yet another bold move. After acquiring Malaysia’s Titan Chemicals last year, Lotte has set its sights on a major petrochemical project in Indonesia.

“We will start …

Continue Reading

India projects see more delays

By Malini Hariharan

The blog has been updating the status of Indian petrochemical projects and has found that many are running behind schedule.

Reliance Industries’ mega cracker at Jamnagar has yet to get off the starting block. The company is …

Continue Reading

Pulled in all directions

By Malini Hariharan

Asian polyolefin producers face a difficult time with markets being pulled in different directions. Feedstock costs have steadily moved up at a time when downstream demand and price direction remains uncertain.

Political upheaval in Libya and Bahrain …

Continue Reading
Screen shot 2011-02-21 at 8.06.16 PM.png

PX: Still going strong

By Malini Hariharan

Paraxylene (PX) markets are on a roll. Prices have risen by 20% since the beginning of the year and were assessed at around $1,620/tonne cfr Asia late last week by ICIS pricing.

One contract nomination for March …

Continue Reading
Screen shot 2011-02-21 at 8.00.51 AM.png

Weak demand haunts China PE markets

By John Richardson

IS China’s polyethylene (PE) market going through a temporary lull or are we seeing a sea change in conditions that could spell problems for the rest of this year? This was the question, to paraphrase Hamlet, facing …

Continue Reading

European petchems could be tempted to overproduce

By John Richardson

EUROPEAN refiners are “awash with naphtha” as a result of long-term structural length and a lack of arbitrage, a petrochemicals feedstock purchasing manager told the blog yesterday.

The decline in US gasoline demand (according to most experts …

Continue Reading
rabbit-hopping.jpg

Job-hopping Causes Post-New Year Demand Dip

Chinese workers are on the hop…. 

Source of picture: advanced-fibre.com

 

By John Richardson

CHINA’S polyolefin demand in the few days of proper trading that have taken place since the Lunar New Year has been described as “horrendous” and “grim” …

Continue Reading

Saudi Producers Remain Confident

By John Richardson

THE optimism of Saudi Arabian petrochemical producers remains extremely high, according to an industry observer who spoke to the blog.

One might think we were to some extent stating the blatantly obvious as their margins will have …

Continue Reading