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China PE, PP Production Up By 30%

By John Richardson and Malini Hariharan

CHINA’S polyethylene (PE) and polypropylene (PP) production surged in January-June this year as imports remained strong and demand growth declined, according to the Shanghai-based commodity information service, CBI.

Hopes being expressed that pricing might …

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Iranian PE Seen As Threat To China Price Recovery

By John Richardson

IRANIAN polyethylene (PE) exports to China could help to cap or even prevent a recovery in pricing during the second half of this year.

Although in volume terms, Iranian material only accounts for a small percentage of …

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What’s next for Honam?

By Malini Hariharan

Honam Petrochemical’s plan to acquire Malaysia’s Titan Chemical could well be the start of the South Korean major’s foray overseas.

“Honam will keep looking for other M&A opportunities in the chemicals space,” said a source close to …

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Searching for balance

By John Richardson and Malini Hariharan

Cautious optimism first gave way to mounting anxiety over the prospects for the second half of this year, but now the mood surrounding China’s polyolefins market is downright pessimistic.

“It is going to take …

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Honam plans Titan expansion

By Malini Hariharan

News is trickling in on Honam Petrochemical‘s plans for Titan Chemicals once it completes the acquisition at the end of the year.

A source close to the company said that revamping of Titan’s two crackers have been …

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Propylene And the Law Of Unintended Consequences

Will this year’s K-Fair see some major announcements to take advantage of the relative fall in ethylene costs?

Source of picture; http://www.k-online.de/

 

By John Richardson

THE rise in the price of propylene relative to ethylene is exercising the minds …

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Aromatics May Suffer From Strong Reformer Economics

By John Richardson

ASIAN aromatics producers are struggling from an oversupply driven both by weak demand for their products and strong overall reformer economics, the blog has been told.

As this chart below illustrates for benzene, toluene and xylenes (BTX), …

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Hambrecht Reportedly Attacks China Business Climate

Jurgen Hambrecht

Source of picture: www.wiwo.de/unternehmen-maerkte

 

By John Richardson

BASF’S Jurgen Hambrecht has made highly critical and extremely high-profile comments about China’s business environment, according to the Financial Times.

The CEO of the German chemicals giant is quoted as …

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Honam Set For Further Buys After Titan Deal

The layout of the Pasir Gudang complex

 

Source of picture: Titan Chemicals

 

By John Richardson and Malini Hariharan

HONAM Petrochemical’s plan to buy Malaysia’s Titan Chemicals  for $1.5bn – which was announced today – is likely to be followed …

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Yansab results reflect Saudi gas problems

By Malini Hariharan

Yansab posted a net profit Saudi Riyal (SR)502.4m ($134.0m) in the second quarter, its first full quarter of commercial operations. However, results could have been better if its plants had run at full capacity.

Analysts at NCB …

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