By John Richardson China’s capacity to produce polyethylene and polypropylene will expand at a double-digit pace next year, while demand growth is expected to ease, says Longston Li, analyst at Shanghai-based CBI. CBI expects China’s polyethylene (PE) capacity would jump by 1.99m tonnes in 2010 to 11.1m tonnes, while its polypropylene (PP) capacity would increase […]
Asian Chemical Connections
Time to look inward
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) It pays to have a domestic focus and Reliance Industries has shown this again in its results for the first half of fiscal 2009-10. Its petrochemicals division delivered Rs43bn in earnings before interest and taxes (EBIT), a 23.8% growth over the same period […]
Caution is the name of the game
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) Japanese chemical majors have raised their sales and profit forecasts for the second half of the fiscal year ending 31 March 2010, but the revisions are marginal and companies are still holding a conservative outlook. Earnings in the first half of this fiscal […]
China polyethylene inventories are high
A Mars Bar feast in store if crude hits $30/bbl again Source of Picture: Amazon.com Polyethylene (PE) inventories in China at the second and third local distributor levels are at very high levels, two reliable industry sources have told us. This has led to some confusion in the […]
Futures, Recycling Behind China PE Mystery?
Picture: The China Daily “I’ve given up trying to read the polyolefin market in China. I just can’t figure out what’s going on,” said a senior source with a major North American producer late last week. “I keep returning to the fundamentals and cannot understand why prices have risen so steeply since mid-February.” Him and […]
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