Japan Disaster – Some petchem plants shut; markets stable

By Malini Hariharan

News is slowly trickling in on the status of Japanese petrochemical plants. Only four of the country’s 14 crackers have shut down while a few are running at reduced rates, reports ICIS news.

JX Nippon Oil & …

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Japan Disaster 2 – Refining, Petchems Update

By John Richardson

OUR sympathies again go to the people of Japan. The main focus should be on providing as much support as possible to the rescue efforts and let’s hope that petrochemical companies globally step forward.

But as we …

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Japan Disaster: Immediate Petchem, Refining Impact

By John Richardson

THE earthquake and tsunami that hit Japan on Friday afternoon is still hard to take in. We send our sympathy to everyone connected with this disaster and just hope and pray that the rescue efforts go exceptionally …

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Scenarios For China Refining & Petchem Output

By John Richardson

IF exploration and production (E&P) is the dog and refining the tail on the dog, poor old petrochemicals is merely a flee on the tail of the dog, goes the old saying.

Hence last November we reported …

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China Remains Weak On Government Tightening

By John Richardson

CHINA’S polyethylene (PE) market – a reasonable proxy we often use for the chemicals and polymer industries as a whole – remains worryingly weak, according to several traders and producers interviewed by the blog this week.

Modest …

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Opportunities Can Vanish Before You Know It

By John Richardson

“Just when you think it is the right time to make an investment case to a board of directors, the particular opportunity you have been studying has an annoying habit of disappearing,” said a business development manager …

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The C4 challenge

By Malini Hariharan

C4 buyers are a troubled lot. Availabilty of the product is tight and will remain so for the foreseeable future.

So it was not surprising to hear that concerns about C4 supply dominated discussions at the recent …

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No escaping the squeeze

By Malini Hariharan

With naphtha crossing $1000/tonne yesterday Asian petrochemical producers reliant on this feedstock remain caught in a tight spot. Costs are continuously rising while market direction for key derivatives is uncertain.

Ethylene and propylene prices are holding firm …

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Polyolefins – A Ripple In A Teacup

By John Richardson

THIS might amount to a little more than a ripple in a teacup if the Middle East crisis brings the global economy down (as we said on Monday, crude could go to $220 a barrel if the …

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Consolidation Thai style

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By Malini Hariharan

The long-awaited merger between PTT Chem and PTT Aromatics (PTTAR) was finally announced last week.

A presentation made to financial analysts gave details on what the merged entity will look like, planned synergies and opportunities for growth.…

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