Archive | November, 2011

India growth slides to two-year low

By Malini Hariharan

Economic data from India continues to disappoint. The economy grew at only 6.9% for the quarter ended September, the weakest pace in more than two years and below forecasts. Activity in the manufacturing sector slowed sharply as …

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A quick recovery for butadiene

By Malini Hariharan

Asian butadiene prices are once again on their way up, rising over 20% in the last two weeks.

Prices last week were at $1,900/tonne cfr Northeast Asia, up from a low of $1,500-1,600/tonne cfr Northeast Asia in …

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Everywhere You Turn…..

By John Richardson

It really is unrelentingly depressing, even though we hear that a few investors in chemicals stocks are clinging-on to the hope that provided everyone maintains tight production, demand will recover very strongly in Q1 of next year.…

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US Chemicals See End Of Profit Boost

By John Richardson

THE extent to which the US economy has become distorted in favour of the corporate sector was thrown into sharp relief by this article in the New York Times (the financial sector is another separate, but equally …

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Investment Theories Don’t Need To Be True

By John Richardson

DEVELOPED market plastics demand is currently 15 per cent below 2007 levels, despite a modest recovery in 2010, because of two successive years of double-digit declines in 2008 and 2009, according to a new HSBC report.

Some estimates …

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BP and Indian Oil plan acetic acid jv

By Malini Hariharan

Indian Oil Corp (IOC) is looking to set up a second joint venture in petrochemicals, this time with BP for production of acetic acid.

The two companies have signed a memorandum of understanding (MoU) to explore the …

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Babyboomers Change The Markets

Consumption dominates chemical demand. Chapter 7 of our new ‘Boom, Gloom and the New Normal’ eBook therefore looks at the changes taking place in consumer markets. These provide vital insight into how chemical markets are likely to develop in the …

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PTT Global’s latest buy and Siam Cement’s Indonesia plan

By Malini Hariharan

There have been no headline-grabbing deals but bit by bit PTT Global Chemical is extending its business beyond Asia and entering new product areas.

Yesterday, PTT Global announced plans for a joint venture with Perstorp Holding France …

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Fresh US sanctions to target Iran petchems

By Malini Hariharan

The US is looking to introduce fresh measures targeted at the petrochemicals industry.

The specifics of the new sanctions are not yet available but the goal, says this report, is to bar foreign companies from doing business …

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India PO demand set to decline

By Malini Hariharan

The last two weeks has seen a recovery in Indian polyolefins demand led by developments in China.

Prices of PE and PP have risen sharply and traders expect the uptrend to continue for the next couple of …

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