Another Surge in Polyester Polymer Capacity!

After a quiet period in new polyester polymer capacity during most of 2015 and 2016, things will heat up again this year and early next. Following Zhejiang Wankai’s startup of its new 500 ktpa polyester resin facility, Hainan Yisheng and Jiangyin Chengsheng have initiated production at two new polyester polymer plants last month which bring… Read More Another Surge in Polyester Polymer Capacity!

Commercialisation Updates On Bio-Based Building Blocks

Commercialisation and development of these novel building blocks are discussed in more detail in the new nova Institute trend report With the many shifts in economic and political trends over the last year, many bio-based investments are focusing on the core of the Bioeconomy: bio-based building blocks and platform chemicals. nova-Institute’s preliminary market study “Bio-based… Read More Commercialisation Updates On Bio-Based Building Blocks

Acrylonitrile: Expect downward pressure on price and profitability

Global tightness in the acrylonitrile market is expected to come to an end in the second half of 2017 with the restart of all three US plants after scheduled maintenance shutdowns. From mid-2016 to mid-2017, tightness was a key feature of the global acrylonitrile market. During this period, buyers in Asia, Europe and the Americas… Read More Acrylonitrile: Expect downward pressure on price and profitability

Where will polyester price direction going next?

After steady, although modest, increases in polyester raw materials beginning in September, 2016, costs began to change direction in March/April. Asia spot raw materials began to decline in March resulting in a quick response in polyester packaging resin and fibre prices, particularly in China. Contract polyester raw material changed more slowly delaying price reductions in… Read More Where will polyester price direction going next?

Glycols and Ethanolamines riding again on a roller coaster?

After an atypical 2016 with no significant price variations in the main glycols and ethylene oxide derivatives markets, 2017 has been a completely different year. Prices started skyrocketing at the end of 2016, and those levels were maintained during first few months of 2017, with a few ups-and-downs in recent weeks. The main driver for… Read More Glycols and Ethanolamines riding again on a roller coaster?

UP Resins: Margins returning to normal as raw materials stabilise

After a difficult first quarter normality is starting to return to the UPR markets. The first quarter saw some sweeping price increases for a number of raw materials and producer margins came under pressure. This was despite volumes and sales figures being reported at ‘better than expected’ levels. Raw material prices increased month on month… Read More UP Resins: Margins returning to normal as raw materials stabilise