Asian Chemical Connections
The Solvay/INEOS vinyls deal should be looked at from a European PVC and a US shale perspective.
The European PVC business is tough. Costs - ethylene and electricity - are high. Demand is 30% lower than at the peak of the last cycle in 2007 due to the collapse in construction and weak economic activity in much of Europe. Prices are weak. And, as Solvay puts it, scenarios for the European and the US energy petrochemical businesses today are so different.
INSIGHT: Potash market on recovery path following rollercoaster ride
"Suppliers estimate global deliveries of potash in the first six months of 2014 at 32.5m-33m tonnes, which is nearly 10-15% higher than the same perio
VIDEO: ICIS Special Report - reasons behind 2014 VAM price surge