By John Richardson CONVENTIONAL opinion is that the global propylene market is moving from a balanced position to a balanced-to-tight position in 2018-2020. This will justify a significant wave of new investments is a common view. It is time to think again. We had expected Chinese propylene demand to grow by 6.9% in 2018 over […]
Asian Chemical Connections
Petro Rabigh phase 2 and Aramco’s ambition
By Malini Hariharan Petro Rabigh, the Saudi Aramco and Sumitomo Chemical joint venture, has moved to the next round of its ambitious phase 2 expansion which includes a new aromatics facility and a number of value-added derivatives. Construction tenders for seven packages have been issued and bidding is due to close on 1 October. Tenders […]
Managing expectations
By Malini Hariharan A spurt in Chinese buying enquiries in the last few days has awakened hopes in some quarters of an upturn in polyolefin pricing with one trader predicting a $50-70/tonne rise in the coming weeks. The prediction, he says, is based on his experience with the commodity cycle – as buyers in China […]
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