Global macro-economic conditions have remained challenging in 2017, and the outlook for 2018 lacks clarity due to questions about wide-ranging topics such as monetary policies, geo-political instability, among others. Global petrochemical industry participants are making plans for the next few years, yet have concerns about: expectations that the US Federal Reserve will increase interest… Read More Polyamides: How will you prep for 2018?
Epoxy resin producers in the US and Europe have announced price increases for October business due to a number of factors. In the US, the petrochemical industry is slowly recovering but logistic issues are hampering deliveries of epoxy resins and some of their feedstocks. In Europe, the market is being heavily influenced by strong Chinese… Read More EPOXY RESINS: Is The Writing on the Wall?
Global tightness in the acrylonitrile market was originally expected to end in mid-2017. However, the increasing stringency of China’s environmental protection measures and the impact of Hurricane Harvey on the US infrastructure have prolonged the tightness of global acrylonitrile supply well into the third quarter. The North American acrylonitrile market was affected significantly by the… Read More Acrylonitrile: Unexpected Issues Push up Prices and Profitability
Global polyamide polymer market participants are in a wait-and-see mode with regard to market conditions heading into the fourth quarter. There are a number of possible scenarios which could influence supply/demand fundamentals and price movements, but there was also a great deal of uncertainty hanging over the markets in September. For the market participants in… Read More Polyamide market seeks Q4 clarity
The US producers spent the first half of 2017 pumping out phenol as strong domestic acetone demand was returning robust margins. Phenol was in such oversupply that vast quantities were being sent to China, at prices reportedly a couple of cents below benzene. As the industry approached September, mark supply/demand of acetone was becoming balanced… Read More Phenol and Acetone markets: The Repercussions of Hurricane Harvey
The world maleic market was under stress as margins came under threat with the relentless rise in butanes prices in both Mt Belvieu and Ras Tanura. Prices have gone up from around $365/ton fob Ras Tanura in July to $500/ton fob for September. In the US, the price also soared from around 77c/gal ($349/ton) in… Read More Global Butanes Prices Disrupt Maleic Markets
Global macro-economic conditions have remained challenging in 2017, and the outlook for 2018 lacks clarity due to questions about wide-ranging topics such as monetary policies, geo-political instability, among others. Global petrochemical industry participants are making plans for the next few years, yet have concerns about: expectations that the US Federal Reserve will increase interest rates;… Read More PA6 supply chain continues fast expansion in 2017