Formosa’s troubles deepen, markets rally on supply concerns

By Malini Hariharan

The latest accident at Formosa Petrochemical Corp’s (FPCC) refinery at Mailiao, Taiwan, on Sunday is adding to the bullish sentiment in markets for key petrochemicals. A fire in the propylene recovery unit has forced the company to …

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The View From Ground Level Is Different

By John Richardson

The macroeconomic headwinds are building, making it hard for some of those at the ground level in Asian polyolefin markets to foresee anything but fragile and tough trading conditions.

This is in marked contrast to the fairly …

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Polyolefin End-users Assume The Risk

By John Richardson

POLYOLEFIN end-users in China and Southeast Asia began to re-stock in significant numbers last week on anticipation that supply is going to remain tight for the next few weeks at least, the blog has been told.

“There …

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The US Debt Crisis And Asian Chemicals

By John Richardson

THE consequence of either a failure by the US to raise the debt ceiling and/or a downgrading of the country’s Triple A debt rating would have obviously have serious consequences for the Asian and global chemicals industries.…

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Dow To Sell PP to Braskem

DOW Chemical is to sell its polypropylene (PP) business to Brazil’s Braskem for $340m, according to our colleagues at ICIS news.

The blog is digging around for the implications for Dow in Asia.

For the time being, however, here are …

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India Polymers Shine But Questions Persist

By Malini Hariharan

Optimism has returned to the Indian polymer market fuelled by a sharp recovery in prices and buying sentiment over the last few weeks across Asia.

The talk these days is mainly about tightness in availability of polyethylene …

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Cosy Platitudes Are Not Enough

By John Richardson

DO you trust your government to always get it right?

The answer in the case of the West is “of course not”, but in China’s case the publicly-expressed assumption still holds that the economy is being effectively …

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China Chemical Imports Fall On Affordability

By John RichardsonChina’s petrochemical imports continued to decline in June on tight credit conditions and price rises that deterred consumers, according to our colleagues at ICIS news.Linear-low density polyethylene (LLDPE) imports fell by 18% month-on-month and 3% year-on-year, for example. …

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Cotton corrects; will polyester follow?

By Malini Hariharan

After last year’s stunning rise, cotton prices have plunged 53% in the last four months from a 140-year peak of $2.15/lb on 4 March.

Prices have fallen 38% in July with cotton for December delivery quoted at …

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The Edginess, The Nervousness Continues

By John Richardson

THE edgy and nervous nature of the recovery in Asian polyolefin markets became even more apparent from discussions the blog held with traders and producers during a visit to Singapore last week.

Such was the uncertainty that …

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