Tag Archives | polyolefin

India PO demand set to decline

By Malini Hariharan

The last two weeks has seen a recovery in Indian polyolefins demand led by developments in China.

Prices of PE and PP have risen sharply and traders expect the uptrend to continue for the next couple of …

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Rocky road ahead

By Malini Hariharan

Asian polyolefin producers confront yet another challenging week.

The macro environment suggests that implementing price hikes for September cargoes will be difficult. Stock markets around the world continue to be jittery with concerns about a US recession …

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Yet another week of price corrections

By Malini Hariharan

Asian petrochemical markets continue to face downward pressure on concerns about the health of the global economy. Market sentiment for most products remains poor with buyers in no rush to resume purchases.

Polyolefin markets closed last week …

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Pressure builds up as manufacturing growth slows

By Malini Hariharan

Government measures across Asia to ease inflationary pressure are finally yielding results. The latest economic indicators from China and India confirm a loss in manufacturing growth momentum which is likely to put further pressure on troubled polyolefin …

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Tough times start for India polyolefins

By Malini Hariharan

Tension is building up in the Indian polyolefin market with buying activity slowing down in recent weeks.

“The market is really dull; trading activity is very flat and end-users are taking minimum quantities. We are worried that …

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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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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 …

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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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Operating problems strike Asian polyolefins

By Malini Hariharan

Just when polyolefin markets have started recovering operating issues are cropping up at plants in Asia.

ExxonMobil was forced to shut its 600,000 tonnes/year polyethylene (PE) plant in Singapore on Tuesday for two weeks due to undisclosed …

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What’s next for Honam?

By Malini Hariharan

Honam Petrochemical’s plan to acquire Malaysia’s Titan Chemical could well be the start of the South Korean major’s foray overseas.

“Honam will keep looking for other M&A opportunities in the chemicals space,” said a source close to …

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