DOW Chemical is to sell its polypropylene (PP) business to Brazil’s Braskem for $340m, according to our colleagues at ICIS news. The blog is digging around for the implications for Dow in Asia. For the time being, however, here are some initial thoughts…. Included in the sales are two plants in the US and two […]
Asian Chemical Connections
China’s Unstoppable Consumption Juggernaut?
The major long-term shift in US refinery economics and C3s Source of picture: blueplanetgreenliving.com By John Richardson CHINA will account for around one-third of global polypropylene (PP) consumption by the middle of this decade, up from the current 25%, as domestic demand continues to grow at more than 10% a […]
US-Asia PP Arbirtrage Remains Uncertain
By John Richardson THE jury is out over whether the recent decline in US propylene prices will re-open arbitrage to Asia for polypropylene (PP). Arbitrage for ethylene has remained strong with Dow Chemical disclosing that 20% of its US production went to Asia during Q1 US propylene contracts for May settled at a reduction of […]
China Polypropylene Market Tightens
By John Richardson Polypropylene (PP) appears to have become very tight in China over the last week as a result of a reduction in import availability and a resurgence in buying activity. “PP is incredibly tight right now because the supply from North America is no longer available for delivery to China,” said a Singapore-based […]
Refinery Profit Squeeze Threat To Petchems
“Any Old Iron?” Source of picture: http://www.investorfsbo.com/refinery.html By John Richardson A LONG-TERM shift in refinery economics is posing a major threat to petrochemical margins – along with the delayed supply crisis that’s likely to hit the industry at some point over the next year. “Refiners, when the global economy was booming and particularly after […]
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