There was a sense of déjà-vu among vinyl acetate monomer market participants in attendance during the annual European Petrochemical Association conference at the end of September/beginning of October. Once month earlier, Hurricane Harvey had roared into the Texas Gulf Coast leading to VAM production outages, force majeure declarations and logistics disruptions across the region. The… Read More VAM market in familiar territory following Harvey
Global PET resin supply chains have changed significantly over the last two months after ample supply ruled markets through the first half year. Markets were bracing for significant capacity expansions in the US and China in the second half of 2017 and early 2018. Buyers were looking for “oversupply” to again dominate business. All that… Read More PET Resin Supply Chains Implode
It has undoubtedly been a challenging year for the isocyanates industry. The MDI and TDI markets have been plagued by a series of production upsets, which have resulted in prices being pushed to ever increasing levels. Producer margins have been stellar, which has been the source of much angst and frustration among many buyers, who… Read More Isocyanates: when will the tide change?
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