2020 saw the polyester markets experiencing both rapid capacity expansion, particularly in upstream sectors, and the devastating effects of the COVID-19 pandemic, which has seen downstream demand plummet. Furthermore, the way forward is far from clear with volatile crude oil prices, turmoil in financial markets, and yet-to-be-resolved imbalances between supply and demand. Greater integration and… Read More Join us at the 17th China International Polyester & Intermediates Forum (Live Stream)
The global acetyls market has seen its share of ups-and-downs in 2020 due to the COVID-19 pandemic, and there is still a lot of concern about demand heading into the fourth quarter. China’s acetyls markets slumped in the first quarter in the early weeks of the pandemic. Once China emerged from strict lockdown rules, demand… Read More A bumpy recovery for acetyls markets amid COVID-19 crisis
Several biotechnology and specialty chemical companies are ramping up marketing and commercialisation of microbial-based surfactants especially glycolipids like rhamnolipid and sophorolipids as fermentation, extraction and purification processes for these surfactants have vastly improved compared to even a few years back. Production yields of these glycolipids have reportedly improved and premiums over fossil-based surfactants have also… Read More Glycolipids Market Expands As Technology Improves
The economic downturn that has gripped the world since the onset of the COVID-19 pandemic has resulted in an extreme degree of uncertainty, which is clearly illustrated in “the VIX”—the Chicago Board Options Exchange’s Volatility Index. Investors often use the index as a gauge of fear and its 52-week range has demonstrated plenty of volatility,… Read More Market Forecasts: Your Key to Effective Budgeting During Periods of Uncertainty
Like most petrochemical markets, the global UPR markets took a big hit following the global outbreak of COVID-19 in early 2020. European and US demand ground to a halt towards the end of March and remained stagnant throughout April and much of May. Since then, demand has slowly been picking up. US demand recovered much… Read More Concerns remain as global UPR returns to normal
Acetone has seen some dramatic lows and highs since 2018. Global supply has gone from huge oversupply to very tight in less than two years. During the Covid-19 lockdown, most petrochemicals values tumbled but acetone prices remained fairly steady. And while markets were starting to open up slowly, acetone bucked most trends by rocketing to… Read More Acetone – A Tale of Two Chemicals: Isopropanol and Phenol
The COVID-19 pandemic continues to impact every facet of daily life and has led to widespread economic hardship in every region. Some countries have emerged from enforced lockdowns with strategies in place to restart economic activity, but many other countries are still struggling to contain the virus’ spread. The petrochemical and plastics industries were hit… Read More Polyamide 66 value chain waiting for signs of recovery
Like many consumer products, PET Packaging Resin demand is strongly linked to the health of the global economy. Based on long-term correlations with gross domestic product (GDP), PET consumption in 2020 might have been expected to fall by close to 10% overall – with demand returning to 2016-17 levels and not reaching the forecast total… Read More Covid-19 Related Factors Mitigate GDP Collapse for PET Resin Demand – But for How Long?
Isopropanol (isopropyl alcohol or IPA) has shot into prominence in the last few months owing to its use in hand sanitisers. A mixture of 75% IPA or ethanol with 25% water plus some glycerol is an effective bacteriocide that is recommended for hand sterilisation and disinfectant wipes. There has been a surge in use of… Read More Isopropanol – The Boring Solvent Becomes High Value Bacteriocide Overnight
Covid-19 has changed everything. We don’t work, play or study in the same way we used to and the destruction that has followed in its wake will require a new and flexible response from all sides. As we struggle to find a way out of the difficulties created by the pandemic, some analysts are seeing… Read More Synthetic Resins & Intermediates in the Circular Economy Post COVID-19: A SWOT Analysis
Just as isocyanates started to see a light at the end of the tunnel after months of weakness, COVID-19 arrived and dampened any hope of growth. However, demand is growing, and markets are beginning to stabilise in most regions. US MDI markets usually see an uptick in demand as spring arrives but as Q2 comes… Read More Isocyanates markets fight back after months of stagnation due to COVID-19
Ineos’s profile in the global petrochemical industry moved to another level on 29 June with the announcement it is to purchase BP’s Aromatics and Acetyls businesses for a total consideration of $5 billion, according to press statements from both companies. The deal includes all of BP’s production assets for paraxylene, purified terephthalic acid, acetic acid,… Read More BP Deal Takes Ineos to Another Level
In Europe and the US, the outbreak of COVID-19 was delayed compared with Asia as the regions did not enter to lockdown until March. Demand was steady and prices were firm for the first two months of 2020 until crude oil prices nosedived in early March resulting in a decrease in prices while demand had… Read More OX markets in balance as COVID-19 reaches new peak
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?