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 QP would result in a dilution of Total’s stake in the project to 41% with […]
Asian Chemical Connections
Port congestion hits Saudi shipments
By Malini Hariharan The blog is hearing a number of reports about delays in polymer shipments from Saudi Arabia because of port congestion. This is being attributed to a shortage of containers and labour ahead of Ramadan. “It is now takes us 25-30 days to get material out of Saudi Arabia as against the usual […]
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 says, is based on his experience with the commodity cycle – as buyers in China […]
Jump to page: