Don’t worry, be happy

China, Markets, Olefins, Polyolefins, South Korea

By Malini Hariharan

The blog was able to talk to a Korean polyolefins producer who was not perturbed by the recent weakness in Chinese demand and was fairly confident of selling October volumes.

“It’s the holiday season so converters do not want to buy. But I see no reason to lower prices. We have sold more than 50% of our October shipments. I think the Chinese buyers will return in the second week of October and we will still have enough time to receive orders and make shipments,” he said quite confidently.

But he was cautious enough to encourage his sales team to become more active in other markets around the world.

“I could manage some deals with some longstanding customers; we have some good markets in the Middle East and Africa,” he added.

With October out of the way, producers have only two more month to close the year. And it looks like 2010 will not be a bad year. Integrated margins could have been better but they were not in negative territory as had been widely feared by the industry.

“I think the market will remain stable to weak in the fourth quarter; I do not expect prices to crash but there are also not likely to rise very fast. There will be increased supply from the new Saudi plants and also Borouge. These volumes will not crash the market but it will soften a bit,” the Korean producer predicted.

With one year out of the way the blog is now accepting predictions for 2011.


Chandra Asri And TriPolyta To Merge


By John Richardson The consolidation talked about in Indonesia for more than ten...

Learn more

Iran Sanctions Lead To Illegal Shipments Claim


Source of picture:   By John Richardson AN alleg...

Learn more
More posts
China’s policy dilemma: raising local demand while protecting exports

  By John Richardson IN THIS Western-centric world, a huge amount of ink is split over the cons...

China’s polyethylene demand good so far in 2020 but beware of risks ahead

Note that all the comparisons in this post are on a year-on-year basis unless otherwise stated By Jo...

Ah, I see: China’s booming demand mystery a little closer to being solved

  Note that all the data comparisons below are on a year-on-year basis By John Richardson THE P...

The China polyester mystery continues in a world turned upside down

By John Richardson SOMETHING very strange is happening in China’s polyester industry which has eno...

China will struggle to boost local retail sales during rest of 2020 with export outlook uncertain

By John Richardson IF IT were easy, then there would be an oversupply of owners of large yachts in M...

Pandemic and the developing world: No quick and easy solutions

By John Richardson POVERTY alleviation in low-income developing countries could be set back a decade...

The pandemic and petrochemicals demand: a whole new approach is required

By John Richardson MONITORING demand has never been harder because of the pandemic. One of my collea...

China’s limited policy options to help lower-paid workers make 2020 retail sales recovery unlikely

All the data comparisons below are on a year-on-year basis By John Richardson AS I’VE been flaggin...


Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more


Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more