By John Richardson CONVENTIONAL opinion is that the global propylene market is moving from a balanced position to a balanced-to-tight position in 2018-2020. This will justify a significant wave of new investments is a common view. It is time to think again. We had expected Chinese propylene demand to grow by 6.9% in 2018 over […]
Asian Chemical Connections
Economic concerns dampen EPCA meeting
By Malini Hariharan On a day when Asian stock markets tumbled on fresh worries about Europe’s debt problems and a wider economic slowdown, it was not surprising to read about the downbeat mood at this year’s European Petrochemical Association’s (EPCA) meeting in Berlin. Reports by the blog’s colleagues on ICIS news indicate that economic concerns […]
Q2 setback for Korea
By Malini Hariharan The margin pain experienced in Asia in the last quarter is clearly evident in the recently released results by South Korean majors Honam Petrochemical and LG Chem. Honam’s operating profit for Q2 declined 36.8% from the previous quarter to Won36.1bn. LG Chem’s operating profit was down 7.2% at Won775.4bn while its petrochemical […]
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