Tag Archives | polyethylene

Dow To Sell PP to Braskem

DOW Chemical is to sell its polypropylene (PP) business to Brazil’s Braskem for $340m, according to our colleagues at ICIS news.

The blog is digging around for the implications for Dow in Asia.

For the time being, however, here are …

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China Auto Market Provides Clear Evidence

By John Richardson

DESTOCKING is obviously not the main driver of the decline in China’s polyolefins market, despite what a dwindling band of optimists are still arguing.

The glaringly transparent reason for the fallacy of the fading belief is a …

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PE Market Weakness Spreads To US

By Malini Hariharan

After Europe, the US polyethylene (PE) market has started showing increasing signs of weakness. Spot offers have rapidly fallen putting downward pressure on June contracts that are currently under negotiation. Producers may have no choice but to …

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US Olefins, Polyolefins In Denial

 

By John Richardson

THE majority of financial analysts seem to be clinging on to the hope that the recovery in petrochemicals demand from China is about to happen.

This doesn’t just apply to our industry. Analysts across many sectors …

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Don’t shoot the messenger

By Malini Hariharan

There is a lot of free price information and advice available to Indian polymer buyers via emails and SMSs. The gist of the messages these days is that the Chinese market is weak, international and domestic prices …

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Shell Firms-up Interest in New US Capacity

By Malini Hariharan

Shell Chemicals has become the latest entrant to a steadily growing list of companies looking at new cracker investments in the US.

As we wrote about last week, Shell Chemicals told us in an interview at the …

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China market problems persist

By John Richardson

WHILE ethylene prices rose to a 14-month high last week on very expensive oil and the Shell Chemicals outage in Singapore, the ICIS pricing C2 margin report calculated a staggering $134/tonne fall in Northeast Asian margins. Rising …

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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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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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Looking West for support

By Malini Hariharan

As Asian markets head towards a quiet week, producers are probably hoping that developments in other regions will support their efforts to raise prices once trading resumes after the Chinese New Year holidays in the first week …

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