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Butadiene Market Standoff

By Malini Hariharan

Just days after a recovery in butadiene prices, downstream synthetic rubber producers are once again threatening to cut production as weak demand has pushed them in to a tight corner.

Asian major Korea Kumho Petrochemical is looking at …

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Global Polymers Demand Up 4.5% In 2011

By Malini Hariharan

Despite challenging market conditions in 2011, the global polymers industry managed to post demand growth of 4.5%, with the largest increase recorded by polyvinyl chloride (PVC) at 6.2% and linear-low density polyethylene (LLDPE) at 5.8%, estimates Fabrizio …

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China Polyester Chain Weakens

By Malini Hariharan

The polyester chain is feeling the strain of poor Chinese demand.

Weak export demand and Chinese government policy are also impacting this sector, as is the case in polyolefins.

A further factor behind the problems in the polyester …

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Butadiene Set To Decline Further

By Malini Hariharan

The drama continues in the Asian butadiene market. Bids this week are about $100/tonne lower than sellers’ price ideas, writes Helen Yan in an ICIS news report. Buying indications have dropped to $3,350-3,400/tonne CFR Northeast Asia.

Butadiene prices …

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HDPE Premium Likely To Fade

By Malini Hariharan

High density polyethylene’s (HDPE) premium over linear low density PE (LLDPE) is likely disappear in the second quarter reversing a trend that has lasted for nearly a year.

LLDPE supply is getting tighter with few capacity additions …

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Quick recovery forecast for South Korea

By Malini Hariharan

Analysts are predicting a quick recovery for South Korean petrochemical companies after a dismal performance in the last quarter.

Honam Petrochemical’s Q4 2011 sales were down 14.7% quarter on quarter at Won3,488 bn. Operating profit declined 59.8% …

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India polymer exports to Pakistan set to rise

By Malini Hariharan

After years of waiting truck movement of petrochemicals from India to Pakistan has started paving the way for Indian companies to boost their exports.

Indian Oil Corp (IOC), which regularly exports polyethylene (PE) and polypropylene (PP) by …

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India demand slides for PVC and PS

By Malini Hariharan

The last year has been rough for Indian polyvinyl chloride (PVC) and polystyrene (PS) producers with demand for their products showing almost no growth.

PVC consumption is likely to increase by only 1-2% year on year in …

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Weak margins hit earnings

By Malini Hariharan

It is the results season and numbers posted so far confirm that the last quarter has been rough with depressed demand, weak product prices and firm feedstock costs affecting earnings.

Siam Cement Group’s EBITDA for the chemicals …

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China set for aromatics expansion

By Malini Hariharan

China is preparing to bring onstream huge capacities for aromatics this year.

Nearly 1.7m tonnes/year of  toluene capacity is due to be added, writes Dolly Wu in the latest issue of ICIS Chemical Business.

The major projects …

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