Tag Archives | US

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Crisis of confidence

By Malini Hariharan

Asian polyolefins (PO) producers are seeing no signs of an immediate recovery in demand and pricing as buyers in the key China market continue to remain on the sidelines.

There are just too many negative factors, says …

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All mixed up in the West

By Malini Hariharan

The blog has been writing about the softening in olefin and polyolefin prices in the US. But the European market presents an interesting contrast offering arbitrage opportunities for those willing to take the risk.

Operating rate reductions …

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Changing expectations

By Malini Hariharan

A turnaround in petrochemical fortunes in the US, as a result of falling gas prices, means that Dow Chemical is willing to wait to get the best value for its basic chemicals business.

At an earnings call …

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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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A view from the West

By Malini Hariharan

The Asian olefin and polyolefin markets have softened in recent weeks but the US market remains on a different track, as seen in these reports filed by my colleagues on ICIS news.

Ethylene prices are still firm …

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The changing world of gas

By Malini Hariharan

The blog has recently written about gas availability in the Middle East and upcoming changes to pricing which have big implications for the petrochemicals business.

But the global gas market is seeing wider changes and these have …

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Action in the propylene market

By Malini Hariharan

Just when Asian propylene prices started easing comes news of disruptions in production and price hikes in the West.

Propylene availability in Europe was hit after a strike by Total’s refinery workers early in the week resulted …

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India to investigate PP imports from Korea, Taiwan and the US

By Malini Hariharan

India will soon initiate an anti-dumping investigation into polypropylene (PP) imports from South Korea, Taiwan and the US. This follows an application made by Indian PP producers last year.

A couple of market sources have forwarded the …

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Benzene: What Lies Beneath

A Ring of Truth?

Source of picture: http://web.pdx.edu/~nathanh/benzene/benzene2.gif

 

By John Richardson

TUMBLING Asian benzene prices are being blamed on weaker crude, itself a reflection of macro-economic worries over higher-than-expected US jobless figures, government debt problems in the Euro zone and …

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Braskem makes its first US move; acquires Sunoco PP assets

By Malini Hariharan

Less then a week after the blog had highlighted Braskem’s plans for global growth through acquisitions the company has announced that it will buy the polypropylene (PP) assets of US-based Sunoco.

The $350m deal, still subject to …

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