Tag Archives | China

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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 …

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China fuels another price bubble

By Malini Hariharan

Speculative fever has struck the Chinese purified terephthalic acid (PTA) market with domestic prices soaring by 26% in just one week.

PTA futures trading on the Zhejiang Commodity Exchange (ZCE) was suspended for the whole day Tuesday, …

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China MTO/MTP – one more project starts

By Malini Hariharan

Shenhua Ningxia has finally produced onspec propylene at its new 470,000 tonnes/year methanol-to-propylene (MTP) plant after starting trial operations last month.

This marks the successful start of China’s first MTP project, which is also the world’s largest. …

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Don’t worry, be happy

By Malini Hariharan

The blog was able to talk to a Korean polyolefins producer who was not perturbed by the recent weakness in Chinese demand and was fairly confident of selling October volumes.

“It’s the holiday season so converters do …

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China to invest in Iran petrochemical projects?

By Malini Hariharan

The recent sanctions are making business operations difficult for Iranian petrochemical producers. And just when questions were being raised about the prospects of the country’s numerous projects, news has emerged that Iran and China are on the …

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China’s coal chemical projects take shape

By Malini Hariharan

The first of China’s major coal-based chemical projects has finally started trial operations.

ICIS news reports that methanol has been fed at Shenhua Baotou’s 600,000 tonnes/year methanol-to-olefins (MTO) plant at Baotou, in inner Mongolia. The unit can …

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Qatar Petroleum in Algerian cracker jv

By Malini Hariharan

Qatar Petroleum’s (QP) ambition to extend its global reach has taken the company to Algeria.

QP is reported to have picked up a 10% stake in the Total-Sonatrach joint-venture petrochemicals project at Arzew, Algeria.

The entry of …

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Asia awash with aromatics

By Malini Hariharan

Excess availability of product continues to trouble Asian aromatics markets. Commissioning of new plants and reluctance to cut operating rates has resulted in a steady build up of stocks over the last few months.

Take the case …

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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 …

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Searching for balance

By John Richardson and Malini Hariharan

Cautious optimism first gave way to mounting anxiety over the prospects for the second half of this year, but now the mood surrounding China’s polyolefins market is downright pessimistic.

“It is going to take …

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