Tag Archives | PTA

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PX: Still going strong

By Malini Hariharan

Paraxylene (PX) markets are on a roll. Prices have risen by 20% since the beginning of the year and were assessed at around $1,620/tonne cfr Asia late last week by ICIS pricing.

One contract nomination for March …

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Strong predictions for fibre intermediates

By Malini Hariharan

The blog is back in action and would like to wish its readers the very best for 2011.

The start of a new year is a time for forecasts. And ICIS pricing editors have been busy gauging …

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A subdued end to a good year

By Malini Hariharan

Petrochemical markets, with a few exceptions, will be closing the year on a quiet note.

In polyolefins, buying activity in China has slowed down and sentiment remains weak weighed down by the Chinese government’s decision to hike …

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The big PTA headache

By Malini Hariharan

If sourcing PTA has been challenging this year, the bad news is that the situation is unlikely to improve for the next couple of years.

Rapid polyester capacity expansion, especially in China and India, is already outpacing …

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China fuels another price bubble

By Malini Hariharan

Speculative fever has struck the Chinese purified terephthalic acid (PTA) market with domestic prices soaring by 26% in just one week.

PTA futures trading on the Zhejiang Commodity Exchange (ZCE) was suspended for the whole day Tuesday, …

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Reliance’s polyester play

By Malini Hariharan

With Indian polyester demand growing steadily at 10%/year Reliance Industries has renewed its focus on expansions along the chain.

Projects that were put on hold after the 2008 economic crisis have been revived and deadlines set.

The …

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Capitalising on the cotton crisis

 

By Malini Hariharan

Cotton prices have hit a 140-year high on the ICE futures in the US creating room for further price hikes across the polyester chain.

Prices of paraxylene (PX), purified terephthalic acid (PTA), monoethylene glycol (MEG) and …

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The slow trek downstream

By Malini Hariharan

Nearly two years after SABIC and ExxonMobil signed an agreement for a multi-billion dollar 50:50 joint-venture elastomers complex iin Saudi Arabia, the two majors have yet to take a final decision on the project.

At last year’s GPCA …

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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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Moving down the value chain

By Malini Hariharan

More details have emerged on Petro Rabigh’s second phase which conforms to Saudi Arabia’s product diversification strategy.

The Kingdom is steadily expanding its presence in the aromatics chain and Petro Rabigh’s plans include 800,000-850,000 tonnes/year of paraxylene …

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