Tag Archives | China

Huntsman to scale up India capacities

By Malini Hariharan

US chemical producer Huntsman plans to rapidly expand capacities and sales in India, a country that has caught the attention of global majors.

The blog caught up with the company’s President and CEO Peter Huntsman in Mumbai …

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Growing in confidence

By Malini Hariharan

After sorting out their merger, PTT Chem and PTT Aromatics and Refining (PTTAR) are looking at a major new investment to take care of their future.

In an interview with the blog’s colleague Tahir Ikram, PTT Chem’s …

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PX/PTA prices spike as supply dries up

By Malini Hariharan

The paraxylene (PX)-purified terephthalic acid (PTA) market appears to be bearing the brunt of the Japanese earthquake and tsunami. Spot supplies of PX have dried up following the shutdown of three Japanese plants with a total capacity …

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No escaping the squeeze

By Malini Hariharan

With naphtha crossing $1000/tonne yesterday Asian petrochemical producers reliant on this feedstock remain caught in a tight spot. Costs are continuously rising while market direction for key derivatives is uncertain.

Ethylene and propylene prices are holding firm …

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Pulled in all directions

By Malini Hariharan

Asian polyolefin producers face a difficult time with markets being pulled in different directions. Feedstock costs have steadily moved up at a time when downstream demand and price direction remains uncertain.

Political upheaval in Libya and Bahrain …

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PX: Still going strong

By Malini Hariharan

Paraxylene (PX) markets are on a roll. Prices have risen by 20% since the beginning of the year and were assessed at around $1,620/tonne cfr Asia late last week by ICIS pricing.

One contract nomination for March …

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Weak demand haunts China PE markets

By John Richardson

IS China’s polyethylene (PE) market going through a temporary lull or are we seeing a sea change in conditions that could spell problems for the rest of this year? This was the question, to paraphrase Hamlet, facing …

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Coal chemicals wave sweeps China

By Malini Hariharan

A few months back the blog had expressed sceptism on a Chinese company’s plans for a methanol-to-olefins (MTO) project based on imported methanol. The economics of such projects appear doubtful but many Chinese companies are looking to …

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Polyolefin numbers look good

By Malini Hariharan

Pic source: www.brandft.co.uk

The blog is in undertaking the difficult task of collecting demand numbers for polyolefins across major Asian markets. Preliminary estimates show that demand growth has been quite healthy in the two major markets – …

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What’s next for PetroChina and Ineos?

By Malini Hariharan

After months of talks, PetroChina finally signed a framework agreement with Ineos for partnerships in refining, trading and petrochemicals at Grangemouth in Scotland and Lavera in France. The companies will be working towards the formation of these …

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