Tag Archives | PTA

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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High Frequency Trading dominates as markets crash

by Paul Hodges

The Chemicals and the Economy blog was almost alone at the end of April, when it launched the IeC Downturn Alert. Today, its fear that we are close to a global downturn has become mainstream.

As the …

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Q2 setback for Korea

By Malini Hariharan

The margin pain experienced in Asia in the last quarter is clearly evident in the recently released results by South Korean majors Honam Petrochemical and LG Chem.

Honam’s operating profit for Q2 declined 36.8% from the previous …

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India petchem projects update

By Malini Hariharan

India’s major petrochemical projects are inching forward very slowly and the blog will not be surprised if there are more delays along the way.

Reliance has yet to kick start its 1.4-1.6m tonnes/year cracker project adjacent to …

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Cotton corrects; will polyester follow?

By Malini Hariharan

After last year’s stunning rise, cotton prices have plunged 53% in the last four months from a 140-year peak of $2.15/lb on 4 March.

Prices have fallen 38% in July with cotton for December delivery quoted at …

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Does the industry need more PTA?

By Malini Hariharan

The impending oversupply in purified terephthalic acid (PTA) and likely problems in securing feedstock paraxylene (PX) does not seem to have dampened enthusiasm for new investments,

Around 10m tonnes of PTA capacity is expected to come on …

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PTA – one more view

By Malini Hariharan

One view on the purified terephthalic acid (PTA) market, highlighted by the blog last week, is that operating rates in the next few years will be constrained by a shortage of feedstock of paraxylene (PX).

A rapid …

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Trouble for PX, PTA and MEG

By Malini Hariharan

All is not well in the Asian polyester chain. Demand has slowed down exerting a steady downward pressure on prices.

Purified terephthalic acid (PTA) spot prices have dropped by $100/tonne in the last week to $1,290-1,300/tonne CFR …

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PX/PTA prices spike as supply dries up

By Malini Hariharan

The paraxylene (PX)-purified terephthalic acid (PTA) market appears to be bearing the brunt of the Japanese earthquake and tsunami. Spot supplies of PX have dried up following the shutdown of three Japanese plants with a total capacity …

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India projects see more delays

By Malini Hariharan

The blog has been updating the status of Indian petrochemical projects and has found that many are running behind schedule.

Reliance Industries’ mega cracker at Jamnagar has yet to get off the starting block. The company is …

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