By Malini Hariharan The going has been good for the refining industry this year but analysts are predicting a weaker 2012 and 2013. UBS for instance, expects complex refining margin in Asia to fall 20% in 2012 from the average $8/bbl forecast for 2011. And it expects 2013 to be even weaker with average margin […]
Asian Chemical Connections
Japan Disaster – Some petchem plants shut; markets stable
By Malini Hariharan News is slowly trickling in on the status of Japanese petrochemical plants. Only four of the country’s 14 crackers have shut down while a few are running at reduced rates, reports ICIS news. JX Nippon Oil & Energy has shut its 460,000 tonnes/year cracker at Kawasaki while Maruzen Petrochemical has shut its […]
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