Asian Chemical Connections
Spot benzene prices in Asia will likely be supported by tight supply stemming from heavy turnaround schedule at regional aromatics facilities from March to May, industry sources said.
Lower aromatics production is also being yielded from increased use of liquefied petroleum gas (LPG) - an alternative to expensive naphtha - as feedstock for petrochemical production, further squeezing supply in the region, they said.
INSIGHT: Mexichem on the move with M&A, integration
"Key priorities for the CEO are focusing on higher margin specialty PVC, and integration – both back into feedstocks and forward into manufacturing."
VIDEO: ICIS Special Report - Asia methanol, acetic acid