Pressure builds up as manufacturing growth slows

By Malini Hariharan

Government measures across Asia to ease inflationary pressure are finally yielding results. The latest economic indicators from China and India confirm a loss in manufacturing growth momentum which is likely to put further pressure on troubled polyolefin …

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LDPE Re-investment Case Gets Harder

By John Richardson

JUST when you thought it might have been safe to push really hard for building more low-density polyethylene (LDPE), prices have started to decline. European prices, for example, recently slipped by Euros30/tonne with Asia down by $20-50/tonne …

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APIC Delegates Focus On Capacity

By John Richardson

THE article of faith publicly expressed at last week’s Asia Petrochemical Industry Conference (APIC) in Fukuoka, Japan, was that the current problems with demand in China and India were only temporary.

Discussions the blog held were packed …

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MEG reacts to Taiwan developments

By Malini Hariharan

Spot monoethylene glycol (MEG) markets have quickly reacted to news that Nan Ya Plastics, an affiliate of the Formosa Plastics Group, has been ordered by the Taiwanese government to shut down two plants.

Prices surged by $15-30/tonne …

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Safety issues haunt Formosa

By Malini Hariharan

Formosa Plastics Group’s (FPG) problems appear to be escalating with the Taiwanese government ordering six plants to be shut from 1 June on safety concerns.

Local news reports state that the plants will have to remain closed …

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23 Mentions Of China Downturn At APIC

By John Richardson

THE blog attended the Asia Pacific Petrochemical Conference (APIC) in Fukuoka, Japan, today during which it heard mention of the phrase “China downturn” on 23 occasions from different contacts.

Confidence is clearly at a lower than last …

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Boom, Gloom and the New Normal published this week

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Today, the blog is proud to announce the publication the first Chapter of its new eBook:‘Boom, Gloom and the New Normal: how Western BabyBoomers are changing global chemical demand patterns, again’It is co-authored with Paul Hodges of International …

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PTA – one more view

By Malini Hariharan

One view on the purified terephthalic acid (PTA) market, highlighted by the blog last week, is that operating rates in the next few years will be constrained by a shortage of feedstock of paraxylene (PX).

A rapid …

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To frack or not to frack…

By Malini Hariharan

…is a debate that has starting moving out of the US. A desire for energy independence has seen countries like Poland to embrace shale gas with the government welcoming US companies to quickly develop the country’s reserves, …

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Misplaced Euphoria Threatens Industry

By John Richardson

THE euphoria sweeping through the US petrochemicals industry seems to indicate strong support for the “supercycle” theory.

Some of the comments made during the first-quarter results season certainly point that way, as does the upbeat mood of …

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