Published on March 11, 2014
In several parts of the world, majority of people cleave to negative views of the chemical industries. Earlier the chemical industry was neglecting the public image, however, later in response to legislation and through the inventiveness of business association the industry had adopted a far more socially liable stance. The chemical industry would like to recognition this very real progress that it has made, however, altering the ingrained public perception is mounting conflict. In India, Guja ..
Published on March 10, 2014
By every hour, the chance of armed conflict in Ukraine is rising with Russian troops seizing Crimea and if this crops up then there would be a possibility of economic costs that could ripple across the global economy and can also cause inflation in gas and oil and also in plane fares in the U.S. According to the news reported, there has been mounting anxiety about the crisis in Ukraine which will be affecting the global economy and the political conflicts have rooted the oil prices to impale. Am ..
Published on March 8, 2014
Northwest Innovation Works (China) has plans to build two mega-methanol plants at the Port of Kalama and Port of Westward near Clatskanie, US. China is one of the biggest consumers of methanol and is looking for a new supply. The plants in the country are polluting the air by burning coal to manufacture methanol, thereby enabling U.S. manufacturers to make methanol with cleaner and cheaper natural gas. China is likely to use up half the global production of methanol this year, demand is also ex ..
Published on March 5, 2014
The demand in the Chinese market after post lunar New Year holiday was still due to heavy losses in the feedstock sector. Few Acetone importers from China had adopted the stance of wait and watch as prices of Acetone had weakened in China. In the late February 2014, the slump in the prices of raw material Benzene and Propylene amid immense repay in the petrochemical market and along with the post New Year Holiday, Acetone inventory build had contributed to a soft outlook among few Chinese import ..
Published on March 4, 2014
Spot phenol prices may increase further due to the plant maintenance season and rising prices in the bisphenol A (BPA) sector. Since mid-January, phenol prices in China increased by 2.5 per cent and reached an average of $1,435/tonne CFR China. Prices rose in spite of significant losses in the main feedstock benzene sector. BPA prices declined by 5 per cent to reach at an average of $1,298.50/tonne FOB Korea.Since mid-January, BPA prices were up by 2.7 per cent to settle at an average of $1,654 ..
Published on March 1, 2014
The morning make-up routine will apparently be your goal to improve your appearance, but how is that ostensibly harmless, perfectly applied layer of powder really affecting your skin and experiences skin redness, itchy and bumpy after applying your favorite personal skin care products? However, when it comes to beauty products, the effects of the ingredients they contain can be more than just skin cavernous. Most of the cosmetics industry uses thousands of synthetic chemicals in their products f ..
Published on February 26, 2014
Recently, the Western sanctions imposed upon Iran were partially suspended as a result of which international pressure on the country has been waning. Persian Gulf nations have started re-establishing diplomatic and economic relations with Iran. Middle East is delighted with the development, whereas UAE is keen to bury the hatchet and enhance energy cooperation with their once distant neighbour. Once Iran and UAE reach an agreement on the three long-disputed islands near the Strait of Hormuz, ..
Published on February 22, 2014
In Northeast Asia, with the upcoming of new plants and plant expansion in the downstream industries are expected to increase the demand for Styrene Monomer in 2014, however, the demand for Styrene Monomer is currently moving at slow pace. China which is one of the major consumers of SM had been witnessing the high inventories. According to the market players, weak demand in Chinese market in the mid of January was attributed due to the Lunar New Year holidays. In the end of the January 2014, the ..
Published on February 21, 2014
Other Chinese markets struggling with excess capacity are: Crude oil market- In 2013, crude oil import growth was lower than 4 per cent. Crude oil has become the major source of new energies used to replace gasoline and diesel. China is also trying to promote energy conservation and emission-reduction projects. These projects will lessen the demand for energy. Coal prices in China have dropped to extremely low levels due to the sluggish economy. However, crude prices remain high and emergence o ..
Published on February 19, 2014
Market participants expected a great start in the year 2014, however the year began with a bearish sentiment. The Chinese stock market saw a sharp decline. Industry players had started losing confidence in China’s petrochemical market as the methanol, PTA and natural rubber futures were plummeting. Experts think that a downtrend of China chemicals is bound to happen. If the prices of concrete and steel go down to levels that existed 20 years ago then chances are that prices for chemicals ..
