Tag Archives | China

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 …

Continue Reading
Screen shot 2011-02-21 at 8.06.16 PM.png

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 …

Continue Reading
Screen shot 2011-02-21 at 8.00.51 AM.png

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 …

Continue Reading
shenhua baotou.jpg

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 …

Continue Reading
calculator.jpg

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 – …

Continue Reading
petrochina.jpg

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 …

Continue Reading
methanol.jpg

Methanol: China key to upbeat forecasts

By Malini Hariharan

When it comes to methanol its all about China. Producers are expecting another strong year if Chinese demand remains robust.

China’s appetite kept Asian spot prices in the $200-410/tonne range last year and the expectation is for …

Continue Reading
headscratching-man-225p.jpg

One more view on the cycle

By Malini Hariharan

The debate on the next petrochemical upcycle is heating up. After confident forecasts of a “supercycle” the blog is increasingly hearing more cautious assessments

Take the recent report from Credit Suisse which stresses that while conditions for …

Continue Reading
rope.jpg

India PE in a tight spot

By Malini Hariharan

It is not just China where polyethylene (PE) producers face problems.

Indian producers have been struggling to place volumes as huge imports during the last couple of months have saturated the domestic market.

PE import volumes were …

Continue Reading
PTA.gif

The big PTA headache

By Malini Hariharan

If sourcing PTA has been challenging this year, the bad news is that the situation is unlikely to improve for the next couple of years.

Rapid polyester capacity expansion, especially in China and India, is already outpacing …

Continue Reading