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Asian Chemical Connections

A quick recovery for butadiene

By Malini Hariharan Asian butadiene prices are once again on their way up, rising over 20% in the last two weeks. Prices last week were at $1,900/tonne cfr Northeast Asia, up from a low of $1,500-1,600/tonne cfr Northeast Asia in the week ending 11 November, reports ICIS news. And offers have crossed the $2,000 mark […]

BP and Indian Oil plan acetic acid jv

By Malini Hariharan Indian Oil Corp (IOC) is looking to set up a second joint venture in petrochemicals, this time with BP for production of acetic acid. The two companies have signed a memorandum of understanding (MoU) to explore the feasibility of a 1m tonnes/year plant in Gujarat state, on the west coast of India. […]

SBR under pressure on China slowdown

By Malini Hariharan Styrene butadiene rubber (SBR) prices, which have nearly doubled over the last year, may be heading for a much needed correction. The strength in feedstock butadiene markets and strong demand from the automotive sector have so far helped support the high numbers. But a key concern is that China’s tightened monetary policy […]

Butadiene – will the good times last?

By Malini Hariharan A question that every butadiene buyer has been asking for a long time is when will prices ease? There are no signs yet although buyers are threatening to cut production. Butadiene rose by more than $200/tonne last week to $3,080-3,120/tonne CFR Northeast Asia, reports my colleague Helen Yan on ICIS news. Prices […]

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