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 […]
Asian Chemical Connections
Strong predictions for fibre intermediates
By Malini Hariharan The blog is back in action and would like to wish its readers the very best for 2011. The start of a new year is a time for forecasts. And ICIS pricing editors have been busy gauging industry expectations. The blog will start with the fibre intermediates chain today where, not surprisingly, […]
Petchem markets on a bull run
By Malini Hariharan The Chinese are back from their holidays and they are buying. This coupled with supply constraints and firm crude prices is fuelling a surge in petrochemical prices. Paraxylene (PX) prices hit a 2-year high this week on speculative activity and production problems at a couple of Chinese plants, reports ICIS news. Spot […]
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