Honam Set For Further Buys After Titan Deal

Complex_Layout.jpg

The layout of the Pasir Gudang complex

 

Source of picture: Titan Chemicals

 

By John Richardson and Malini Hariharan

HONAM Petrochemical’s plan to buy Malaysia’s Titan Chemicals  for $1.5bn – which was announced today – is likely to be followed …

Continue Reading

Yansab results reflect Saudi gas problems

By Malini Hariharan

Yansab posted a net profit Saudi Riyal (SR)502.4m ($134.0m) in the second quarter, its first full quarter of commercial operations. However, results could have been better if its plants had run at full capacity.

Analysts at NCB …

Continue Reading

China GDP Reduction Spells Tough H2 For Chems

Rollercoaster.jpg

 

Source of picture: www.en.cn.national

 

By John Richardson

THE decline in China’s GDP (gross domestic product) growth from 11.9% in Q1 to 10.3% in the first quarter is, no matter how you try to dress it up, bad news …

Continue Reading

Crunch time for Asian polyolefins

By Malini Hariharan

August could well be the time for some tough decisions by Asian polyethylene (PE) and polypropylene (PP) producers. Demand has languished for the last three months and although many are hoping for a recovery at the end …

Continue Reading

India set to announce final ADD on PP

By Malini Hariharan

India’s long-running investigation into dumping of polypropylene (PP) from Saudi Arabia, Singapore and Oman is inching to a close. Final anti-dumping duties (ADD) are expected to be announced soon, say industry sources.

Affected producers have made their …

Continue Reading

Qatar Petroleum, ExxonMobil Delay Qatar Cracker

By John Richardson

Qatar Petroleum and ExxonMobil have delayed the start-up of their 1.6m tonne/year cracker and derivatives project in Qatar, my colleague Anna Jagger reported on ICIS news yesterday – quoting sources familiar with the project.

This confirms an …

Continue Reading

Asian Ethylene, PE Declines Continue

C2PE12July.png

By John Richardson

ASIAN ethylene and polyethylene (PE) margins both fell last week – a further indication that the Chinese market remains weak.

Bonded warehouses are still full of PE as a result of high imports in March at a …

Continue Reading

Global Chems Outlook: Pockets Of Strength And Weakness

1270249_full-lnd.jpg

 

Spain saves the world economy

 

 

Source of picture: www.fifa.com

 

By John Richardson

GLOBAL chemicals sentiment seems to be muddled and confused as the constant flood of positive and negative macro economic data.

Take last week’s American Chemistry …

Continue Reading

Iran Petchems Hit By New Sanctions

iran-1.jpg

 

Source of picture: irantrip1wordpress.com

 

 

By John Richardson

IRAN’S ability to further develop its oil, gas and petrochemicals sectors has received further major blows from new rounds of United Nations and US sanctions.

One June 9, the UN …

Continue Reading

China Property Sector Dangers Grow

china-real-estate.jpg

 

Source of picture: www.chinadigitaltimes.net

 

 

By John Richardson

HOPES for strong China chemicals and polymer demand growth in H2 partly rest on government stimulus money for infrastructure projects compensating for a weakening real-estate sector.

Whether its direct consumption …

Continue Reading