Tag Archives | China

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Solar support

The good things in life are rarely free and that applies to solar power too. An analysis on this sector in ICIS chemical business highlights how high investment costs associated with photovoltaic (PV) cells has prevented the technology from being cost competitive on a standalone basis. Photo by juicyrai But a step-change in the economic […]

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Make way for ‘Chindonesia’

China, India and Indonesia are powering Asia’s economic recovery this year prompting one economist to club the three to form Asia’s “next growth triangle”. A recent report by CLSA, titled Chindonesia: Enter the Komodo, estimates that the three countries will generate $10 trillion of wealth for investors by 2015. “Together, China and India are increasingly […]

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Potash market power

Have Indian fertiliser companies been able to break a stranglehold that major producers have on the global potash market? Indian papers are full of reports on how Indian companies have succeeded in doing this by securing a contract price of $460/tonne for supplies in 2009-10, about $165/tonne lower than the previous contract. The drop comes […]

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Stimulus planned for textiles

India’s synthetic fibre and fibre intermediate produces will be happy to know that the textile industry is likely to soon receive a number of incentives from the government. A stimulus package, due to be announced next month, would include subsidies on interest and additional funds for technology upgradation, says this report. This is needed as […]

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Confronting China

It’s the turn of the Confederation of Indian Industry (CII) to highlight the threat of cheap Chinese imports. “The threat of dumping of cheap Chinese products in India is real and serious,” says Venu Srinivasan, the new president of the CII. This is something that’s been worrying many Indian companies for a while now. If […]

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Self-preservation first

India is aggressively moving to protect domestic companies with more news trickling in on safeguard and antidumping duties. The government is planning to initiate safeguard duty investigations on Chinese imports of 12-13 products from the chemicals and base metals sector, says this report in the Business Standard. This comes after the government decided on 30 […]

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Let’s talk about demand

The Indian government is reportedly planning a stimulus package for chemicals. But I don’t think this can be called a stimulus package as the proposals seem to be mainly about tariff reduction. The department of chemicals and petrochemicals is once again seeking a reduction on the 5% duty on naphtha that was introduced in last […]

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Getting off the starting block

So the government has finally approved three Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs). Now comes the difficult part. Who is going to undertake mega investments at a time at a time when the global economic outlook is uncertain, demand for key chemicals has crumbled and not many are willing to stick their neck out […]

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Lobbying for protection

Protecting local companies during these difficult times is back on the Indian government’s agenda. Antidumping investigations are on the rise with companies working hard to prove that low priced imports are hurting their businesses. The government recently decided to extend by six months the effective date for definitive anti-dumping duty (ADD) on flexible slabstock polyol […]

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So what if India is No2 PTA importer?

Just as India’s Olympic gold medal win yesterday poses no threat to China so does the news that India has become the second largest PTA importer in Asia. Indian imports of this fibre intermediate have steadily grown to about 5,000 – 6,000 tonnes/month, up from the usual 2,000 tonnes/month, as a result of expansions in […]

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