SBR under pressure on China slowdown

By Malini Hariharan

Styrene butadiene rubber (SBR) prices, which have nearly doubled over the last year, may be heading for a much needed correction.

The strength in feedstock butadiene markets and strong demand from the automotive sector have so far …

Continue Reading

Korea escapes from China slowdown

By Malini Hariharan

The blog has been scanning equity analyst reports of South Korean companies and has noticed that earnings expectations for the year are being revised upwards despite market uncertainties.

Companies such as S-Oil are expected to benefit from …

Continue Reading

LyondellBasell Plans US Capacity Additions

JimGallogly.jpg

                                Jim Gallogly

                               Source of picture: ICIS 

 

By John Richardson

LYONDELLBASELL has joined the list of US producers that have disclosed ethylene expansion plans as a result of low-cost ethane and the belief that we are heading towards an …

Continue Reading

Cotton Support For Fibre Intermediates Declines

By John Richardson

RISING cotton prices might well have been the single-biggest factor on the strength in the synthetic textiles chain for the last year.

Other major factors have obviously been the surge in crude and supply constraints in both …

Continue Reading

Dow’s Liveris On The Mark On China?

By John Richardson

Dow Chemical’s CEO, Andrew Liveris, was reassuringly upbeat about the state of demand in China last week when he described it as “quite robust” during an analysts’ call on the release of the company’s Q1 results

And …

Continue Reading

Power shortages strike China

By Malini Hariharan

The problems for Chinese manufacturers are multiplying. Besides having to worry about rising input costs, inflationary pressures and tightening of credit, companies now have to contend with unexpected power cuts.

This is usually the low season for …

Continue Reading

One piece at a time

By Malini Hariharan

Yesterday’s announcement by Asahi Kasei, Sabic and Mitsubishi Chemical of a joint-venture acrylonitrile (AN) project in Saudi Arabia fills up one more slot in the kingdom’s petrochemical value chain and supports the move downstream.

Sceptics might question …

Continue Reading

Trouble for PX, PTA and MEG

By Malini Hariharan

All is not well in the Asian polyester chain. Demand has slowed down exerting a steady downward pressure on prices.

Purified terephthalic acid (PTA) spot prices have dropped by $100/tonne in the last week to $1,290-1,300/tonne CFR …

Continue Reading

Global manufacturing set to drift

By Malini Hariharan

China’s status as factory for the world is under threat as rising costs of operating are startingto bite.

Estimates of wage cost hike this year range from 10% to 20%. And if higher prices of raw material …

Continue Reading

Will the US lead the next olefins wave?

By Malini Hariharan

A few weeks back after a post on the rise of shale gas the blog was asked a question about new petrochemical investments in North Americas. Were they feasible? Would ethane prices remain attractive for the long …

Continue Reading