Guest blogger today is again Ajay Parmar in the second his posts. He is a chemical engineering professional with 5 years of industrial experience in oil refining, primarily in a process engineering capacity.He joined ICIS in 2018 as a Senior Analyst and currently works on developing a price forecasting model for crude oil and refined […]
Asian Chemical Connections
Iran-West Nuclear Deal Could Boost Naphtha Cracking
By John Richardson THE blog has met many Iranian delegates during its seven years of working for ICIS Training and visited the country a couple of times during the early 2,000s. We love the people and the country, but not some of the politics on both sides. And so it was great news to hear […]
Asian C2 Muddle Reflects Wider Uncertainty
By John Richardson ASIAN ethylene markets appear to be in a muddle over the Middle East supply picture. Click here for a graph of the latest pricing – EhylenePrices1March2011.ppt A shipping industry source we spoke to recently insisted that more rather than less C2s were being exported from the region as opposed to the reduced […]
Asian Ethylene Market Uncertainty Continues
By John Richardson THE outlook for ethylene spot market availability remains muddled as a few weeks ago due to higher freight rates and uncertainties surrounding Middle East natural-gas feedstock supply. Freight rates for all Middle East, Asia and West Mediterranean routes were higher in August than their 12-month average, according to Singapore shipping broker Braemar […]
A Downturn With Areas Of Persistent Strength
Tougher sanctions set to reduce Iranian exports Source of picture: amix.dk/blog/post/19116 By John Richardson I met a hedge-fund manager yesterday who wanted a straight answer as to why he felt that ethylene, propylene and polyolefin margins are holding-up relatively well, despite an apparent flood of new capacity. “The margins, particularly for polyproplyene (PP), are much […]