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Operating problems strike Asian polyolefins

By Malini Hariharan

Just when polyolefin markets have started recovering operating issues are cropping up at plants in Asia.

ExxonMobil was forced to shut its 600,000 tonnes/year polyethylene (PE) plant in Singapore on Tuesday for two weeks due to undisclosed …

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Asia awash with aromatics

By Malini Hariharan

Excess availability of product continues to trouble Asian aromatics markets. Commissioning of new plants and reluctance to cut operating rates has resulted in a steady build up of stocks over the last few months.

Take the case …

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China PE Price Rebound Driven By Futures Market

By John Richardson

CHINA’S domestic linear-low density polyethylene (LLDPE) prices have rebounded by as much as Yuan 1,000/tonne ($147.5./tonne) or 8% over the last two weeks, according to this ICIS news article from my colleague Rainy Ma.

As these graphs …

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Singapore’s New Petrochemicals Strategy

Singapore’s Marina Bay Sands complex

 

Source of picture: Washington Pos

 

 

By John Richardson

“SUCCESS in this business, whether you are tracking price direction or planning new investments, is 95% about feedstock,” says a senior European-based sales manager …

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Asian Polyolefins – A Dead Cat Bounce

 

 

Source of picture: anirudhsethireport.com

By John Richardson

WE reported earlier this week that cautious confidence is being expressed that the worst might be over in polyolefin markets with prices having reached the bottom.

“The market seems to be …

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Managing expectations

By Malini Hariharan

A spurt in Chinese buying enquiries in the last few days has awakened hopes in some quarters of an upturn in polyolefin pricing with one trader predicting a $50-70/tonne rise in the coming weeks.

The prediction, he …

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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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