By Malini Hariharan With naphtha crossing $1000/tonne yesterday Asian petrochemical producers reliant on this feedstock remain caught in a tight spot. Costs are continuously rising while market direction for key derivatives is uncertain. Ethylene and propylene prices are holding firm at around $1,350/tonne CFR Northeast Asia and $1,500/tonne CFR Northeast Asia respectively, supported by a […]
Asian Chemical Connections
Polyolefins – A Ripple In A Teacup
By John Richardson THIS might amount to a little more than a ripple in a teacup if the Middle East crisis brings the global economy down (as we said on Monday, crude could go to $220 a barrel if the crisis spreads to Algeria. Equity and oil markets were jittery yesterday on the belief that […]
Consolidation Thai style
By Malini Hariharan The long-awaited merger between PTT Chem and PTT Aromatics (PTTAR) was finally announced last week. A presentation made to financial analysts gave details on what the merged entity will look like, planned synergies and opportunities for growth. The new company with a total petrochemical capacity of 8.261m tonnes/year and petroleum products capacity […]
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