The polyacetal (POM) resin market in Asia is facing possible alterations in trade patterns later this year after China’s Ministry of Commerce issued a preliminary decision which introduced anti-dumping duties for POM copolymer imports from South Korea, Thailand and Malaysia beginning 30 June. Although it is an initial decision, most market participants think that the… Read More POM market mulls impact of Chinese anti-dumping duties
The tightness in the global isocyanates markets has continued unabated for much of the year so far, and there seems little relief on the horizon, at least not until the end of the year. Both the MDI and TDI markets have been plagued by a series of planned and unplanned outages, as well as production… Read More MDI and TDI to remain tight for the balance of the year
The global epichlorohydrin market has been beset by overcapacity and depressed prices for a number of years. However, a number of factors came into play in July that could change the landscape of the Asian epichlorohydrin market in the next few months, and eventually also have an impact on the European and US markets too.… Read More Reversal Of Fortune: Are ECH Prices Finally Finding Strength?
European orthoxylene and phthalic anhydride supply has finally returned to normal over the last few months following numerous issues since the turn of the year. Planned and unplanned outages at several units across the region have led to periods of significant tightness for both products during the first half of 2017. In Europe, the vast… Read More Orthoxylene, phthalic anhydride back to normal after disruptions since January
Several major plants in China have been experiencing planned and unplanned shutdown/production cuts in June/July. Some major producers are still running at low operating rates due to environmental issues. In the meantime, after a jump in exports, and a decline in imports China was, unusually, a net exporter for 2-EH in June, leading to tighter… Read More Tight Supply Continues to Support Oxo and Plasticisers Prices in China
Celanese Corp and Blackstone, a private equity investment company, will form a joint venture which will create the largest global acetate tow supplier. Under the terms of the agreement, Celanese will contribute its Cellulose Derivatives business unit, including its equity interest in existing JVs with China National Tobacco Corporation, and Blackstone will contribute its Rhodia… Read More Celanese, Blackstone optimistic acetate tow JV can find value in global market
Global synthetic fibre markets have varied significantly in the first half of 2017. Production and shipments has been region and market dependent. Surprisingly some of the strongest regions and markets have emerged from areas which have suffered years of below average global growth rates. Most notably has been a resurgence in Europe of textile denier… Read More 2017 Global Synthetic Markets Mixed Depending on Market and Geography