India PP dumping: The story continues

By Malini Hariharan

The fight against anti-dumping duties (ADD) imposed by India on polypropylene (PP) exported by Saudi Arabia, Singapore and Oman is not yet over.

Some of the major companies that face ADD have taken the matter to the …

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Europe Not Clutching At Straws

By John Richardson

EUROPEAN ethylene and polyethylene (PE) market participants seem a million miles away from buying into the idea that the recovery in Asia is sustainable.

This is a realistic view following last week’s interest rate rise in China, the …

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Living In Hope Rather Than Expectation

By John Richardson

HOPEFUL theories espoused by traders can sometimes sound a little hollow – as was the case with the one doing the rounds in Asian polyolefin markets late last week.

“We think the latest interest rate rise in China …

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China’s methanol economy

By Malini Hariharan

China is well set to take on an even larger role in the global methanol industry. The country already accounts for a little over 40% of demand and its share is set to expand rapidly in the …

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China Polyolefin Prices Rally

In the second part of our analysis of the effect of China’s latest interest-rate rise we look at how the polyolefin market has alllegedly taken the decision in its stride. Crude markets are a different story altogether….

By John Richardson

CHINA’S …

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Impact of China’s Latest Rate Rise – Part 1

Here is the first of two posts that will analyse the implications of China’s decision to raise interest rates for the third time this year 

 

By John Richardson

CHINA’S decision to once again raise interest rates will put further pressure on the …

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Does the industry need more PTA?

By Malini Hariharan

The impending oversupply in purified terephthalic acid (PTA) and likely problems in securing feedstock paraxylene (PX) does not seem to have dampened enthusiasm for new investments,

Around 10m tonnes of PTA capacity is expected to come on …

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European PE, PP Contracts Likely To Fall

By John Richardson

EUROPEAN polyolefin converters seem quite justified in pressurising their suppliers for further price reductions, given weak macro-economic fundamentals and still-excellent profitability at the cracker end of the value chain.

The news from China continues to get worse. China’s …

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Methanol stays strong, but for how long?

By Malini Hariharan

The doom and gloom affecting many segments of the petrochemical industry has yet to reach methanol. Asian spot prices have been stable since January and have hovered in the $340-350/tonne range during the last three months.

Methanol …

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China Auto Market Provides Clear Evidence

By John Richardson

DESTOCKING is obviously not the main driver of the decline in China’s polyolefins market, despite what a dwindling band of optimists are still arguing.

The glaringly transparent reason for the fallacy of the fading belief is a …

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