The present moment is one of unprecedented challenge; for the world of engineering thermoplastics, there has been a chance to serve the needs of key workers, providing materials for protective masks, shields, and gowns. Details of some of these developments are given in the latest Engineering Thermoplastics Chemical Business Focus newsletter, which focuses on how… Read More Working Toward a Circular Economy in Challenging Times – the chemical recycling solution
The maleic anhydride market has been hit hard by the COVID-19 pandemic. It is not yet clear how much demand will be negatively affected due to the slow-building recession accelerated and exacerbated by the onset of the COVID-19 pandemic beginning in the early months of 2020. Automotive has been the worst hit sector and the… Read More Maleic Anhydride – New Capacity meets “New Normal”
The global economy came to a virtual standstill in the first half of 2020 as countries introduced lockdown measures in a bid to control the COVID-19 virus. As a result, there were fewer cars on the road and therefore less demand for fuel. This forced refineries for both crude oil and biofuels to turn production… Read More Has Glycerol Passed Its Peak?
Since the start of 2020, we have seen Brent crude oil futures fall from just under $70/bbl to $23/bbl. MEG values followed, plummeting from $608/ton to $350/ton cfr in early April. And although there has been a rebound, relatively low Brent crude prices of around $40/bbl still prevail, along with very low MEG values in… Read More What future for Coal-to-MEG and Bio-MEG in a Low-Cost Brent World?
While the Covid-19 pandemic has caused havoc in the chemical industry around the world, plasticisers markets have been particularly affected as the main end use segments – construction and automotive industries – are amongst the most impacted sectors. Click here to receive the full article * Angel Fernandez Business Manager — Oxo Products, Orthoxylene, Phthalic Anhydride, UPR,… Read More European plasticisers markets fear a slow recovery
The Covid-19 pandemic has seen acrylonitrile-related industries such as automobiles and fashion hit by factory closures and reduced consumer spending. Low expectations for economic recovery mean that uncertain individual finances and hesitant personal spending are unlikely to lead to a rebound anytime soon and the outlook is conservative. TO DOWNLOAD THE FULL ARTICLE PLEASE CLICK… Read More Hopes Fade for Acrylonitrile Market Recovery Following 2019 Restructuring
The COVID-19 pandemic has revealed and intensified challenges within the international butyl acrylate market to an extent not previously seen. Certain industrial sectors in have been crushed by the containment measures, with the worst affected being the global automotive industry. As car manufacturers closed down in an effort to contain the pandemic, all related businesses… Read More How hard has the Butyl Acrylate market been hit by COVID-19 lockdowns?
The Covid-19 pandemic and the resulting disruption to economies around the world has had a major impact on global synthetic fibres demand – with a hiatus in trade, not only for raw fibres but also downstream textiles and end-user products. Small and medium sized fabric mills in particular find themselves under severe financial pressure. As… Read More Demand Found Sadly Lacking as Chinese Synthetic Fibres Emerge from Lock-Down
As some chemical companies ramped up their production of ingredients for sanitising and disinfectant products, several biofuel companies and distilleries have also retrofitted their facilities to produce these ingredients especially ethanol and glycerine in response to a global shortage of sanitising and disinfectant products driven by the COVID-19 pandemic. Not all ethanol producers can make… Read More Biofuels, renewable chems producers step up in response to COVID-19 crisis
The global acetyls industry has remained mostly steady in the face of the COVID-19 pandemic, but most producers and consumers expect challenging conditions to remain in place at least through the second quarter. Overall demand across the acetyls sector generally increases in Q2 due to seasonal influences in the paints and coatings markets, and increased… Read More Acetyls markets cautiously waiting for signs of global economic recovery
It has been a few tough months for the global economy – an unprecedented pandemic and the ensuing widespread lockdowns have had a devastating impact on most businesses. The world now awaits its far reaching consequences to unfold as economies slowly start to open up again. There have been a few pockets of resistance in… Read More Acetone and BPA – Resilience in the Face of Covid-19
As the world battles to control the Covid-19 outbreak, demand in many chemical sectors is tumbling. With automotive and construction industries amongst the most affected downstream segments, demand in PVC and other chlorine derivatives has been badly hit. Chlor-alkali producers had to reduce operating rates to adjust to much lower chlorine demand and therefore caustic… Read More How plunging PVC demand is behind the recovery in the caustic soda market
The Chinese UP resin market started to show some recovery in March after coming to a standstill in late January and remaining virtually shutdown during February. Downstream industries have not fully recovered and end-user sectors remain weak, but there are signs of improvement. Click here to receive the full article * Yazmine Khan Consultant –… Read More As the Chinese UPR market starts to put out green shoots; the US and Europe face frosty demand
The consequences of the COVID-19 pandemic continue to shape the polyamide 6 and polyamide 66 markets in all regions from the standpoint of supply/demand and production costs. Even though China emerged from its lockdown in early March, downstream domestic demand has been slow to recover and export demand dried up as the illness spread to… Read More Polyamide markets feeling pressure as COVID-19 pandemic flattens demand
Everything is uncertain and challenges abound for individuals, industries and society at large in the context of today’s COVID-19 pandemic. Restrictions on mobility and reduced end-use consumption have created a cascade of effects on industry that ultimately manifest itself in the chemical and petrochemical markets. PET resin demand has temporarily improved in all countries and… Read More Where should PET Resin and polyester intermediates be with Brent Crude Oil?
The combined companies will provide data and analytics to global forestry and petrochemicals markets. Boston, London, Charlotte, N.C. (April 15, 2020) – Tecnon OrbiChem, a firm offering data and analytics to the petrochemical industry focusing primarily on chemical intermediates, synthetic fibers and resins, has been acquired by Battery Ventures, a technology-based private equity firm, and will… Read More Tecnon OrbiChem joins Forest2Market and Fisher International
Isocyanates markets improved in Q1 2020 but as the COVID-19 outbreak reached worldwide markets the picture changed once again. In previous years, spring usually brings an improvement in demand in most sectors but this year so far is a different picture. Click here to receive the full article * Regina Sousa Consultant — Polyurethane &… Read More Isocyanates Markets’ spring shoots frozen out by COVID-19
March business in the US and Europe took everyone by surprise by remaining in rude health despite the global economic shock caused by Covid-19. It appears that short supply has kept the epoxy resins market buoyant and this has given suppliers in both regions the impetus to push for increases. Early April orders also appear… Read More Epoxy Resins – A Market Full of Shocks and Surprises
Engineering thermoplastics markets have not been spared during the ongoing COVID-19 coronavirus pandemic which is creating massive challenges for the global economy. With whole populations told to remain in “lockdown” for weeks at a time, normal routines have been disrupted and many businesses of all kinds have been shut. While some petrochemical markets remained buoyant… Read More Engineering Thermoplastics demand recovery halted by COVID-19 outbreak
Since the COVID-19 virus hit Europe in January, cases have been rising and while there was no immediate impact on the market, there were concerns and speculations of knock-on effects from China. However, in the past month, the situation in Europe, particularly South Europe has been deteriorating leading to the EU closing borders and several… Read More Effects of COVID-19 on the Caustic Soda Market