A huge explosion took place in the Yancheng Chemical Industrial Park in Xiangshui County, Jiangsu Province, 300 km north of Shanghai, on 21 March 2019, killing 78 people and injuring hundreds. After the explosion, the authorities immediately ordered plant closures in the park, and implemented a programme of rigorous plant inspections all through Jiangsu province,… Read More Xiangshui Explosion and its Impact on the Petrochemical Industry
If you miss our experts’ insights at APIC 2019’s Market Insight session in Taipei last week, you can now download their presentations on the link below: Thank you for all those who attended and listened to our presentations! We look forward to next year’s APIC 2020!
Chinese PET packaging resin exports increased significantly in 2018, driven mainly by PET supply shortages in other regions. According to Customs’ data, China’s PET resin exports in 2018 increased by 27.1%, year-on-year, to around 2.74 million tons – a record high. Outside China, after the financial issues that earlier affected several producers, including JBF RAK,… Read More Where will China export its PET resins?
The global epoxy resins industry has been on tenterhooks since the tragic explosion at Jiangsu Tianjiayi Chemical, China on 21 March, which soon after saw a number of plants in the Jiangsu province being shut for safety inspections. At least 50% of China’s total epoxy resins capacity is based in the area and within a… Read More Epoxy Resins: Apocalypse Now or Later
The DOTP market in Europe has always been highly reliant on imports. Initially, when volumes were rather small, from the US but in the last few years also increasingly from Asia, particularly from South Korea, and despite new plants coming on stream in Europe over this period, it is estimated that up to 70% of… Read More New DOTP capacity coming on stream
Polycarbonate is a versatile, amorphous, engineering thermoplastic used in a wide-range of applications, and worldwide demand has grown steadily in recent years. Polycarbonate is noted for its high impact strength, high heat resistance, transparency, thermal stability, and ease of processing. Polycarbonate also can be blended easily with other polymers, such as acrylonitrile butadiene styrene (ABS)… Read More Polycarbonate growth presents new opportunities
2019 started well for the US and European unsaturated polyester resin markets, softer feedstock prices allowed margins to stabilise and demand through the first quarter was better than the same period of 2018. However, coming into the second quarter margins are once again coming under pressure, prices are being forced up and forecasts for the… Read More UPR prices under pressure