Tag Archives | PP

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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Japan Disaster – Plants update

By Malini Hariharan

More companies are reporting damages to facilities after last week’s earthquake and tsunami.

Mitsubishi Chemical said in a statement that berths, roads and infrastructure around the plant area at its Kashima site have been damaged and delivery …

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Pulled in all directions

By Malini Hariharan

Asian polyolefin producers face a difficult time with markets being pulled in different directions. Feedstock costs have steadily moved up at a time when downstream demand and price direction remains uncertain.

Political upheaval in Libya and Bahrain …

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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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Delays at yet another cracker project

By Malini Hariharan

The blog is hearing about fresh delays at ONGC Petro-Additions Ltd’s (OPaL) cracker project at Dahej on the west coast of India.

Conceived a few years back, the dual-feed 1.1m cracker project, based on ethane separated from …

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Saudi pressure fails to work

By Malini Hariharan

The polypropylene (PP) anti-dumping investigation that Indian producers had initiated against exporters from Saudi Arabia, Singapore and Oman has finally drawn to a close.

The Finance Ministry confirmed anti-dumping duties (ADD) late yesterday, just a day before …

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Petchem markets on a bull run

By Malini Hariharan

The Chinese are back from their holidays and they are buying. This coupled with supply constraints and firm crude prices is fuelling a surge in petrochemical prices.

Paraxylene (PX) prices hit a 2-year high this week on …

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China flexes its muscles

By Malini Hariharan

If you are trying to find an explanation for the recent price movement in Asian polyolefin markets, a report in today’s Wall Street Journal offers some clues.

China, says the report, has been eating into some of …

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Unravelling China’s polyolefin numbers

By Malini Hariharan

There is some good and not so good news from China. Import and production numbers for January to April are now available and they tell an interesting story.

The good news is that Chinese demand, measured in …

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Tide is turning

By Malini Hariharan

After seeing very strong pricing for the last few months US propylene and polypropylene (PP) buyers have started talking of imminent correction.

PP buyers expect a 7-10cent/lb ($154-200/tonne) drop in May prices, reports ICIS news.

The prediction …

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