Published on May 17, 2016
Week buying sentiments has sharply declined the prices of Phenol in domestic market. Despite the good amount of material availability, Indian importers subdued outlook in rupee denominated market has plunged the phenol prices. A large amount of material has been booked for loading for the month of May which will boost the supply in the coming month. As per the market players the wide spread between feedstock Benzene and phenol prices is means that CFR India prices will go down in near term. Pre ..
Published on June 2, 2015
Taiwan based, Formosa Chemicals and Fibre corp (FCFC) is planning to shut its No.2 Aromatic unit for maintenance turnaround. The unit is likely to undergo maintenance in the month of July 2015. Plant is located at Mailiao in Taiwan and has the production capacity to produce 1,60,000 mt/year of Ortho Xylene and 5,73,000 mt/year of Para Xylene. ..
Published on June 1, 2015
The growth of the technical textiles sector in recent decades has been remarkable. Innovation, mainly originating in the industrialized world, has benefited all stages of the supply chain in textiles, especially advanced and technical textiles. The textile industry is boom at high speed. The world is on a new corridor of industrial revolution. Analysts are anticipating more development with latest technologies in Textile Machineries. The textile machinery manufacturing hubs like China, Germany ..
Published on February 21, 2015
UAE’s oil and gas sector is feeling the heat from the record fall in oil prices in recent months. A recent survey recorded that a large number of the 200 firms it polled were expecting to add jobs in 2015. The growing sectors include financial services, retail, tourism and health care; and 91 per cent of those polled are expected to hire new employees. However, the job market for the oil and gas sector has softened following the oil market crash. The falling oil prices have led to a redu ..
Published on February 3, 2015
King Abdullah Bin Abdulaziz’s death was not taken well by the oil market and oil prices reacted immediately to the news of the death of the Saudi king. King Abdullah passed away in the early hours of Friday, which led to widespread speculation that a change in leadership could also lead to a change in the country’s oil policy. Recently, OPEC announced its decision to not cut production in order to safeguard its market share, and Saudi Arabia is believed to be the major force behind ..
Published on January 20, 2015
The current situation in the oil market is not likely to last in 2015, however Saudi Arabia has decided not to cut production levels, which was the main reason behind lower prices. Nevertheless, the nation did not intend to use this as a diplomatic defence against countries like Iran and Russia. The fall in oil prices was the result of a number of factors. And despite what a number of people believe, Saudi did not cause the price crash, as oil related matters were economic in nature. And what f ..
Published on January 5, 2015
Monoethylene glycol (MEG) markets have been moving strongly in the recent times and the good times for MEG producers are expected to continue for the next two years, unless technological advances in China boost supplies considerably and quickly. The increasing number of new Middle East suppliers with access to economically viable ethane has limited the restrictions in terms of feedstock. The rising demand from China has helped increase global operating rates to over 90 per cent, a sign that pl ..
Published on December 30, 2014
The petrochemical industry in Iran processes around 5 per cent of the hydrocarbon resources utilised by the country, to generate $20 billion for the local economy. In the past decade, the industry had to face a number of issues, including the implementation of Western sanctions, government decision to lift subsidies on fuels, and privatisation of state-owned petrochemical firms. The lifting of fuel subsidies have affected the petrochemical industry and has resulted in a rise in prices for cruci ..
Published on December 18, 2014
The next wave of cyclicality is upon the petrochemical industry, and in the up-cycle most industry players, however the down-cycle affects the businesses that lack the access to less-expensive hydrocarbons. The next highest point in the petrochemicals cycle is expected to occur by the end of 2015 or early 2016. This peak could be accompanied by a sluggish pace of growth in China, especially because of increased capacity build-up. The Middle East is cracking heavier feeds to balance lack of ab ..
Published on December 11, 2014
The next wave of cyclicality is upon the petrochemical industry, and in the up-cycle most industry players, however the down-cycle affects the businesses that lack the access to less-expensive hydrocarbons. The next highest point in the petrochemicals cycle is expected to occur by the end of 2015 or early 2016. This peak could be accompanied by a sluggish pace of growth in China, especially because of increased capacity build-up. The Middle East is cracking heavier feeds to balance lack of ab ..
