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Asian Chemical Connections

Are you feeling the pinch?

By Malini Hariharan With crude oil at around $88/bbl and naphtha hitting $890/tonne cfr Japan on Monday, the pressure is building up along the olefins chain. Ethylene is trading at around $1200/tonne cfr NEA while propylene is at $1280/tonne cfr NEA. Offers of ethylene at above $1250/tonne and propylene at $1320-1330/tonne have not found any […]

Petchem stocks attract buying interest

By Malini Hariharan Is this the right time to buy petrochemical stocks? Asian equity analysts are having a tough time answering this question being posed by portfolio managers across the region. They are seeing a ‘mini downcycle’ emerging with a weaker second half relative to H1 2010 and potentially a weak H1 2011, explained one […]

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