Asian Chemical Connections
Upstream cuts and downstream concerns are likely to colour the Q1 reporting season, which kicks off this month.
SABIC grabbed the headlines earlier in April with its announcement of 1,050 job cuts in Europe. The cuts will be made from a European employee total of 6,000. In the Netherlands, where the company has its European headquarters and a number of chemical plants, 420 job losses are planned, according to union officials.
INSIGHT: Asia ethylene/naphtha spread wide on petchem demand
"Ethylene buyers in the three derivative markets are keen to procure ethylene for May delivery in order to ramp up production."
VIDEO: ICIS special report - Turkish PVC market