PX/PTA prices spike as supply dries up

Screen shot 2011-03-20 at 11.33.08 PM.png

By Malini Hariharan

The paraxylene (PX)-purified terephthalic acid (PTA) market appears to be bearing the brunt of the Japanese earthquake and tsunami. Spot supplies of PX have dried up following the shutdown of three Japanese plants with a total capacity …

Continue Reading

European Petchems & Future Competitiveness

By John Richardson

Dear Reader

We hope and pray that the nuclear crisis in Japan will be resolved and that the rebuilding process following the earthquake and tsunami can be begin.

My colleagues at ICIS news are doing a comprehensive …

Continue Reading

Japan Disaster – Plants update

By Malini Hariharan

More companies are reporting damages to facilities after last week’s earthquake and tsunami.

Mitsubishi Chemical said in a statement that berths, roads and infrastructure around the plant area at its Kashima site have been damaged and delivery …

Continue Reading

Japan Disaster – Lost Production Update

By Nigel Davis

For some, life goes on. For others, everything is lost.

An email to the BBC on Tuesday from a resident in Mie, Japan, 350 miles from the stricken nuclear power plants on the east coast of the …

Continue Reading

Japan Disaster 4 – The Impact On Paraxylene

By John Richardson

ASIAN paraxylene (PX) and styrene markets look set to be the most affected by the loss of Japanese exports as the slide below from Bob Townsend at the UK-based consultancy, International eChem (Iec) illustrates. 

Japanese Exports.ppt

My …

Continue Reading

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 & …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading