Published on December 3, 2014
The changing aspects of petrochemical industry have become pretty evident. The shale gas revolution has helped US bounce back into the game, the sluggish economy in China, the incapacity of Asian petrochemical producers to get cheap hydrocarbons and energy, increasing competitiveness, and development of new technology and feedstocks are some of the factors that have changed conditions in the industry. Geopolitical factors also play a crucial role in determining the availability and sentiments i ..
Published on September 27, 2014
Chemical production is often taken as the best possible means to measure the wider economy. Growth has slowed down in the second quarter; operating rates have also declined in this period. Global growth hit 5 per cent in April but has since fallen to 3.3 per cent. North America witnessed an improved performance in August, however the revitalised industry, rising production and strong recovery has been constrained by sluggish global growth. Latin America has had a sharp fall, from 1.2 per cent ..
Published on August 19, 2014
The global oil market is expected to be in surplus for 2014, but regional and global geopolitical developments will push up prices. The political crisis in Libya, declining production from Iran and Iraq and the tensions in Ukraine have added risk premium to prices. Saudi Arabia has helped maintain a high level of oil output in order to make up for the supply shortage. Production from Saudi in May was at 9.7 million barrels per day, up from 9.6 million in April. Factors like continued ou ..
Published on July 19, 2014
Vinyl Acetate Monomer domestic prices have been fluctuating since last month for Mumbai and Kandla port. On 15th Jun 2014 domestic prices were Rs.103-104/kg for Kandla and Mumbai port which has further decreased to Rs100-101/kg today due to lack of demand in the market. Prices tend to show a mixed trend throughout this month. Meanwhile prices have touched the level of Rs.98/kg on 27th Jun. Market players believe that still the current position of the chemical is more than what is being anticipat ..
Published on July 17, 2014
Famine supply amongst importers has escalated the prices of ISO Propanol (IPA) in Indian market in the preceding two months. In the second quarter of this fiscal year prices of IPA have augmented with a very high note. Traders feel that in last quarter stock availability of IPA was very dull amongst importers and those that do grasp any stock for the chemical was again very limited, importers were having squat inventory compared to demand. Hence short supply position has escalated the prices fo ..
Published on July 7, 2014
30 days of completion for the new government which was formed in the month of May 2014, the entire world is looking at India as a potential growth market and the new Prime Minister Narendra Modi pledges to more apart from enhancing the stock market. Moreover with the upcoming of Modi government the chemical industries are having sky high expectations from the budget and are eagerly awaiting for bigger picture. However last year at the India Chem 2013 the new Prime Minister Narendra Modi ha ..
Published on June 28, 2014
The chemical industry of China is heading toward a phase of self-sufficiency and sustainability. The Five year plans play a vital role in paving the path for the industry. The 12th Five Year Plan has listed 7 emerging sector, 4 of which belong to the chemical industry. The emphasis on energy conservation, new energy, new materials etc has pushed chemical firms to strengthen hold in higher grade chemical segments. Earlier chemical companies were involved with the bulk chemicals sector and only ..
Published on June 18, 2014
The chemical industry of China has witnessed the dawn of a new phase, which will bring growth at a more settled pace. This steady pace of growth combined with urbanization, increased domestic consumption, and rising demand for auto and electronic products will offer a wide range of opportunities. The chemical industry is expected to grow by 9-11 per cent between 2013-15. This dependable pace of growth in chemical manufacturing has not changed the fact that China remains reliant on imported m ..
Published on June 14, 2014
With rising costs and greater competition, petrochemical industries are facing fresh new challenges and last year in 2013 the growth in demand for polymers had reduced to 6.2% which was noted half in compare to 2012 due to sharp depreciation of the rupee which had made imports more expensive and also owing to gloomy economic growth. However as per industry experts in next two years numbers of Greenfield projects of petrochemical industry are expected to see completion which will be considered as ..
Published on May 6, 2014
The Indian specialty chemicals industry is one of the fastest growing sectors in the country and for most of the MNCs, specialty chemicals have become an attractive target. Due to rising demand for top consumer goods the Indian Chemical Industry in this segment has been registering robust growth, which obliges specific properties to be distinguished in the highly crowded retail shelf. Over next decade, the Indian specialty chemicals industry has been poised to rise at 15% per year, which is mai ..
