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"PTIT PETCHEM : Olefins & Derivatives"
is the first newsletter of its kind published monthly by a Thai institution. PTIT Petchem looks closely at the Thai petrochemical market price movements. The objective of this report is to present REAL market behavior underscored by REAL transacted prices to assist in business and operations decision making and in policy planning.
(Download Trial Vesion ) Thai, EnglishPTIT PETCHEM: Olefins & Derivatives
Vol.8 No.8 August 2010
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PTIT PETCHEM: Olefins and Derivatives, August 2010
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July crude oil prices decreased on an unexpected surge in the US crude inventories & negative economic indicators
- Average Asian naphtha prices plunged in July, following the fall in crude oil prices & supply surplus from the Middle East & India
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Weak downstream markets & concerns over ample supply from the Middle East suppressed ethylene spot prices in July
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July Asian propylene spot prices plummeted on the back of collapsing feedstock values together with poor derivatives demand & high inventories
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Iran’s petrochemical product flow continues despite UN sanctions against its nuclear program
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Honam marking its first venture into Malaysia through Titan acquisition
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Sinopec & Marubeni form an alliance for overseas energy & petrochemical projects.
Petrochemical Capacity Additions/Expansions:
Middle East
- Saudi Kayan started up a new 1.35-million-ton/year cracker
- Borouge achieved commercial production at its new ethane cracker in early July 2010
Middle East
- Saudi Kayan started up a new 1.35-million-ton/year cracker
- Borouge achieved commercial production at its new ethane cracker in early July 2010
Asia
- Formosa to invest $8.75 billion for Mailiao complex expansion
- Formosa to invest $8.75 billion for Mailiao complex expansion
Local
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Excess supply & declining upstream feedstock prices pressured PP prices in July
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Consolidation plan for PTT’s refinery and petrochemical units faces further delays
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PTT Chemical shut down its I4-1 naphtha cracker for maintenance
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PTIT revises the classification of Thailand’s petrochemical industry
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The status of olefins and polyolefins projects under court injunction on Map Ta Phut case