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Asian Chemical Connections

Reports of the death of US PP exaggerated

“Reports of my death are greatly exaggerated,” Mark Twain once famously said after his obituary was published before he had died. Similarly, the US polypropylene (PP) industry had been virtually written off late last year after a calamitous collapse in pricing resulted in inventory losses totalling a staggering $700m in November alone. But the day […]

Oh my goodness, when will it end?

We heard about this rumour last year, but it’s emerged again – Reliance is now said to be in advanced discussions for acquiring Nova Chemicals. Nova’s Alberta-based cracker and PE production might be attractive because of pretty competitive, locked-in gas prices, but would Reliance really want its styrenics business – the asset that’s officially on […]

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