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: Survey sees energy in chemicals markets and M&A activity
“They are on the look-out for new business models, new, beyond-BRIC market opportunities, and green solutions.”
VIDEO: ICIS Asia Lunchtime Bulletin 12 December 2013