As several plants in Southeast Asia announced maintenance turnarounds in the middle of the quarter, the region marked limited shipments of cargoes in the September end. Many international suppliers were heard closing their contract deals after the weeklong mid-Autumn in the nation.
Demand also witnessed prominent recovery from solvent and pharmaceutical applications but still remained way below pre pandemic levels. Container shortage exacerbated the supply crises in the region and consequently laid a direct influence on its prices. However, traders remained optimistic that the supply imbalance would surely reduce by the end of February.
During the first half of Q4, Propylene Glycol demand tightened due to moderate weather conditions throughout the US and travel restrictions due to surging COVID-19 cases. Early in Q4, supply in the US Gulf region was impacted by the production issues reported at the manufacturing facilities.
North American LNG exporters seemed more confident about upcoming projects due to a sharp surge witnessed in the global prices because of soaring Asian demand. With spot LNG prices in Asia witnessing nearly six years high, US LNG operators showed greater interest in long-term supply deals that could enable developers to build new export plants. U.S. LNG exports set a fresh record in December, averaging around 9.8 billion cubic feet per day.
The organic compound is primarily utilized to manufacture Linear Alkyl Benzene Sulfonic Acid (LABSA), a high valued surfactant. Owing to its supreme properties like high flash point, good transparency and negligible radioactive impurities, LAB has emanated as an ideal feedstock for producing biodegradable detergents and cleaners.
Europe faced shortage of feedstock materials Styrene and Acrylonitrile during Q4 2020. There were two reasons behind this global shortage, one was less imports from USA due to Hurricane Zeta in October and other was consistent rise import demand from Asian countries.
Viscose is mainly produced from cellulose-dissolving pulp such as cotton, wood, bamboo and others. Viscose exists in two forms namely Viscose Staple Fiber (VSF) and Viscose Filament Yarn (VFY).
The Asia Pacific Aniline demand surpassed its Q2 quarter levels as strong demand for MDI served as the key contributing factor for improved margins. The Chinese Aniline plant operating levels have been high, driven by increased buying sentiments right from mid-June onwards, which however, is yet to regain strength up to the pre-pandemic levels. Strong recovery in PU foams sector which is used in the furniture and appliances is predicted with many Southeast Asian producers ramping up production feeling the festive push. Indian Aniline demand from the pharmaceutical industry remained high throughout the quarter with several market players receiving shipment orders from the US.
Ammonia production in North America remained disrupted throughout the quarter due to severe climate calamity. Supply for Ammonia across the region remained tight while the demand remained firm from downstream agrochemicals industries.
Europe encountered firm demand for Masterbatch during March after sufficient recovery from second wave of COVID 19. However, COVID restrictions in some European countries affected the demand as well as supply across the region.
PX supplies in the European region were tight, during the first quarter of 2021, due to the lower operating rate of refineries in the northwest European region amidst cold weather conditions, followed by decline in imports from the USA which further tightened the market supplies.
The American Hydrogen peroxide market faced abrupt surge in its prices due to lack of proper availability of feedstock chemicals and monthly rise in natural gas value. The demand for hydrogen peroxide from the downstream textile and healthcare industry remained firm during this quarter.
This expansion would improve the availability of Helium across the globe. Another news to be heard in the Middle East was the restrictions on transportation of shipments via cargo vessels from the Qatar-based port of Hamad to Jebel Ali on account of ongoing dispute between the UAE and Qatar. The tight supply situation did not see a major change during the quarter.
Sodium Bicarbonate demand maintained an overall stability throughout the quarter across North America. The demand side was majorly driven by food, pharmaceutical and animal feed segment, while other segments like water treatment, Industrial chemicals remained comparatively low performing in the region.
Extreme shortage of feedstock and power outages at several plant forced the Maleic Acid manufacturers to shut down the production. Shortage of feedstock Maleic Anhydride was reported with some Asian material flowing to the US but that too limited amidst weather related constraints.
Despite of numerous efforts to regain the industrial activities, North America region faced astonishing downfall in the industrial sector during Q1 2021. Metal fabrication sector remained on low pace, due to tumbling demand from downstream sector like automobiles and constructions in various parts of North America region.
As majority of Southeast Asian countries cater to their LPG demand through imports, stagnated imports due to Hurricane Laura in the U.S. shrouded the regional buying activities. LPG is anticipated to partially tumble in the coming months with China eyeing to shift the household consumption to piped natural gas. However, several traders are likely to stockpile LPG ahead of the winter season under fears of supply shortage that can interfere with consumer sentiments.
The characteristics of Carbon Black vary with the manufacturing process involved. Based upon variations in particle size, structure and purity, and the method of production, Carbon Black can be categorized into lampblack, furnace black, bone black, channel black, acetylene and thermal black.
In the northeast Asia, spot BD offers were raised by about 17.5% from the levels observed in July, with producers striving to widen product margins amid players longing for a much-needed revival in the downstream rubber sectors.
Market fundamentals of Vinyl Acetate Monomer (VAM) in North America remained weighed up buoyed by strong values of feedstock acetic acid and series of plant outages in the Gulf coast region due to a wave of seasonal hurricanes. Since much of the US VAM is used for catering the global demand, abrupt outages and logistic concerns restricted the trading activities, thereby confining the export revenue of the region. As per Celanese Corporation, 10% quarterly increment in demand from its major importer China was registered but the gains were overshadowed by the consistent availability of material due to high production rates in the native country.
Demand for several grades of Glycol Ethers including butyl di-glycol, butyl glycol, and propylene glycol methyl ether witnessed an appreciable revival with gradual improvement in buying interest observed in the latter half of the quarter. In the indefinite lockdown period, there was a prominent increment in the renovation activities that contributed well to the revival in demand from the construction industry. With easing virus panic in the country, the demand for Glycol Ethers underwent a substantial increment from the paints sector. Although relaxation in stringent restrictions levied marginal leverage to the market players but resurgent cases of coronavirus restrained the awaited market revival of Glycol Ethers in the US.
Asian Linear Alpha Olefins (LAO) market witnessed stable domestic demand from downstream sectors during Q1 2021. Although the supply remained tight across the region due to the global shortage, following the US Gulf storm crisis in February. Local supply for LAO in Southeast Asia also reduced due to the Chinese Lunar holidays.
The North American region faced improved demand for Urea during the quarter, but due to the shortage of feedstock chemicals, prices remained high. Several feedstock Ammonia plants remained idled with several other production units across the gulf coast as an effect of winter storm.
In the Specialty Chemicals market, navigating challenges is essential for sustained success. With regulatory complexities, fluctuating raw material costs, and intense competition, companies must innovate and adapt to thrive. By addressing these hurdles strategically and staying attuned to market shifts, businesses can unlock opportunities for growth and maintain a competitive edge in the dynamic landscape of specialty chemicals.
Costs for crude oil and propylene, both required to make this product, are falling, resulting in a drop in the price of Iso Butyric Acid in North America at the end of the quarter. Likewise, Iso Butyric Acid Price decreased because of a decline in demand from paint and personal care product manufacturers. The second quarter saw the product's merits be stable throughout the regional market. Steady demand from downstream dyeing and food additives sectors relieved cost pressure from the product's prices. Varying prices of upstream feedstock Propylene and 2-Methyl Propane due to the fluctuations in the global petrochemicals market affected the downstream market sentiments. https://www.chemanalyst.com/Pricing-data/iso-butyric-acid-1408
TRL Krosaki Share Price will grow based on the company’s performance and on the current market conditions. Formerly recognized as Tata Refractories Limited, TRL Krosaki Refractories Limited (TRLKRL) is engaged in the production of refractory goods, as stated in its annual reports. You can check the Planify website for the latest share price and news.
This report studies sales (consumption) of Petrochemicals in USA market, focuses on the top players, with sales, price, revenue and market share for each player in USA, covering BASF Sinopec Exxon Mobil Dow Chemical Ineos LyondellBasell National Petrochemical Co PetroChina SABIC Shell Chemicals
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The US market for Hydrogen Peroxide have showcased increase in prices throughout the first quarter of 2022 as the cleaning practices from end consumers improved which increased the demand for Hydrogen Peroxide as a cleaning agent. Prices during Q1 of 2022 were recorded around USD 678/MT. Prices of upstream crude oil as its supply remained disrupted globally on account of the conflict between Russia and Ukraine. As there was no improvement in the supply and imports of Hydrogen Peroxide, the traders in the American market began offering premiums in Hydrogen Peroxide offers during the first quarter of 2022.
The global petrochemicals market was valued around $573 billion in 2017. Western Europe was the largest region in the petrochemicals market in 2017, accounting for around 54% of the total market. Germany was the largest country in the market accounting for around 18% of the total market.
The pricing curve remaining largely flat as the market kept quiet amidst battered economy. While improvement in derivatives demand from the construction sector and the automotive sector served well for regional suppliers, dullness in the packaging sector kept the sales pressured.
Tetrahydrofuran (THF), also known as Oxolane, is an organic compound having transparent liquid appearance at room temperature. THF is a polar versatile solvent which can be mixed in water and have lower viscosity.
Asia pacific is the largest producer of Acetonitrile, holding more than 50% of the total market share in terms of production and leading in terms of consumption. The regional supply remained tight due to planned and unplanned turnarounds and reduction in the supply from the northeast Asian region in October.
FOB US Gulf prices of IPA, which remained the star product of 2020, surged to USD 1300 per MT amid higher shipping costs observed particularly for containers from Asia and firming Acetone values.
Acetylene demand in the America’s remained dampened during Q3 2020. Operations at the BASF's Geismar, Louisiana, petrochemical plant remained affected by the production outages caused due to Hurricane Laura, although with limited impact over the overall margins. The company’s Geismar Acetylene site holds the capacity of 130 tonnes per annum.
European Formaldehyde market improved in Q1 2021, the improved demand from downstream sector like resins, food and plastics enhanced the market sentiments across the region. In addition, Equinor’s major Methanol plant in Norway resumed its production after months of prolonged shutdown due to a fire hazard in December 2020.
Biodiesel producers in the US ramped up production rates seeing favorable gains during the peak demand season in summers. The third quarter reported marked increased in the production of Biodiesel in the US, as the demand was supported by a mandate on consumption and buoyant fuel demand for the conveyance of goods by the heavy vehicles.
Although the demand fundamentals of Melamine remained plagued by the uncertainties caused by Coronavirus, several manufacturers reported a marginal revival in demand compared to the previous quarter. Demand from the construction sector also improved with increase in number of do-it-yourself (DIY) home renovation projects.
Marketreportsonchina.com presents a report on “Report on Petrochemicals Markets in China”. http://www.marketreportsonchina.com/industry-mfg-market-research-reports-2027/petrochemicals-china2.html China's demand for Petrochemicals has grown at a fast pace in the past decade.
Ample supply amidst subdued demand in the region on the back of weakened PTA resulted in an overall dull market of Paraxylene in Q3 2020. Supple inventories of the product left no room for the sellers to spread their profit margins. To assist the hovering fundamentals, few European producers were seen implementing production cuts, but certainly, it was not enough to rebound its hovering sentiments.
Polycarbonate resins are used in applications where excellent strength, heat resistance and toughness are required. Generally, these are formulated into finished parts using injection molding or thermoforming. Polycarbonate (PC) resins have end-markets in the electrical and electronic, construction, aviation as well as the automotive industry. Other consumer applications for PC resins include safety helmets, shields, housing components, water cooler bottles, sporting goods, aircraft and missile components as well as optical media storage.
Firm demand for Stearic Acid from the polymer and textile industry has sustained its rich market sentiments in Europe. As European Union is eyeing to reduce the imports of palm oil as it leads to increased deforestation activities, concerns of stressed availability of the feedstock has provided a forward push to the prices of Stearic Acid in the regional market.
However, imports from the Middle East remained restricted due to resumption of operations at lower refineries in China, which created ample product availability at competitive prices. Business activities which showed marked recovery during Q3 amid the news of vaccine roll-out by Q4 have created a positive sentiment in the regional market.
The cracker has Propylene production capacity of 600 KTPA. In addition, Yeochun NCC (YNCC) and SK Global Chemical were heard starting turnarounds for their crackers from August to October. With producers highlighting tight regional supply, CFR China Propylene prices were assessed at the USD 900 per tonne levels in mid-September. Demand for Propylene Derivatives was seen gaining strength by the end of into Q3.
Global petrochemical capacity will experience considerable growth in the next five years with increase from 1,464 mmtpa in 2015 to 1,708 mmtpa by 2020. Large capacity additions with more than 640 planned projects are expected to come online primarily in the China, US and Iran in the next five years. China Petroleum & Chemical Corporation, Petroliam Nasional Berhad and Shenhua Group Corporation Limited are the top three companies by capacity additions expected to come on-stream by 2019. Global petrochemical industry is expected to spend around US$162.3 billion by 2020 for the upcoming projects. The US, China and Russia are the top three countries by capital expenditure for projects by 2020. Scope:
After months of stagnancy and depressed market, European paraffin wax witnessed a fair flight during Q1 2021. Construction and paper manufacturing sector improved by 4-5% compared to Q4 2020. Furthermore, with vaccination drives running in several European countries like UK and France, manufacturers remained optimistic regarding the demand for paraffin wax from downstream sectors in the near term.
However, in the second half of the quarter, supply considerably eased as crude oil futures tumbled to astonishing lows amid narrowed fuel demand under consistent increment in coronavirus cases across the globe.
Although several downstream sectors like automotive and construction showcased promising hopes of recovery, players were cautious over prevailing demand uncertainties on consistent rise in coronavirus number in some parts of the region.
PS is available in several forms – general purpose (GPPS), medium impact and high impact (HIPS). Different grades of PS produced are used for different set of applications in several downstream industries.
Sulphur is a non-metallic chemical compound which occurs as a crystalline, bright yellow solid in its elemental form. Presently, a significant percentage of elemental Sulphur is produced as a by-product of crude oil in refineries.
However, due to feedstock shortage the manufacturers were unable to gain from the skyrocketing demand. By the end of Q4 2020, wipes and disinfectants came back in stocks but were still available in limited quantities.
Expanded Polystyrene (EPS) is a lightweight rigid plastic in cellular form of Polystyrene. EPS is produced in a wide range of densities providing versatile physical properties. EPS is commonly used in form of a foam. The term “Styrofoam” is often used to denote the EPS foam. It is generally made through thermal extrusion of polystyrene. Due to its good thermal insulation, high compressive strength, shock absorbing properties, very low weight and resistance to moisture, it is widely used in construction and packaging applications. In construction, large quantities are used to make insulation foam in wall cavity, floor and roofs. In packaging, its great shock absorbant properties make it suitable for packaging delicate items.
The demand outlook remained healthy with prominent recovery expected in the electronics sector followed by continuous increment in packaging demand as people are keener towards home take away of food as an effect of changing lifestyle after the coronavirus.
Polyols are waxy solids or viscous liquid functional resins utilized to produce a range of products such as elastomers, adhesives, flexible foams, sealants and others. Polyols are categorized into polyester, polyether, polycarbonate, polybutadiene and polyacrylate polyols. Amongst them, polyether polyols and polyester polyols hold the maximum consumption share across globe owing to their superior properties and better affordability.