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Petrochemicals market news & analysis


News Headlines

Singapore (Platts)--20 Feb 2018 442 am EST/942 GMT
India's LPG imports are expected to rise by 2 million mt, or nearly 17% year on year, to about 14 million mt in fiscal 2018-2019 (April-March) as demand from households surges on the government's efforts to shift to clean fuels, sources familiar with the matter said.
Houston (Platts)--19 Feb 2018 407 pm EST/2107 GMT
French oil major Total, Canada's NOVA Chemicals and Austria's Borealis have formed a joint venture announced nearly a year ago to build a steam cracker and affiliated polyethylene plant on the Texas coast, the companies said Monday. The companies said they signed definitive agreements to form the venture, which split ownership of Total's new 1 million mt/year steam cracker in Port Arthur, its current 400,000 mt/year polyethylene plant 78 miles away in Bayport, Texas, near the mouth of the Houston Ship Channel, and NOVA and Borealis' new 625,000 mt/year polyethylene plant at the same Bayport site.
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Infographic

What's in store for global polyethylene and polypropylene out to 2027?

Worldwide polyethylene capacity is seen to grow from 108.3 million mt in 2016 to 150 million mt by 2027, with around 10 million mt of speculative capacity included into our forecasts post 2024. Platts Analytics expects production to grow from 93 million mt in 2016 to 133.6 million mt by 2027.


Podcasts

February 15, 2018
Borouge chief executive Wim Roels shares his expectations in the polymers this year as well as trends that could affect the sector over the coming years.
November 27, 2017
Is peak oil demand a myth? Capitol Crude goes to Georgetown University to debate how electric vehicles, technology, policy and petrochemicals (and more) will influence whether demand for crude oil will peak around 2030.
October 26, 2017
Platts oil products editors discuss this summer's firm propane fundamentals during a time when prices would traditionally drop. Is the alternative steam cracker feedstock about to face an unconventional winter too?
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Feature: Platts Global Petrochemical Index

August 15, 2017
Prices in the $3 trillion-plus global petrochemicals market fell less than 1% in July to $868 per metric ton (/mt), according to the just-released monthly average of the S&P Global Platts Petrochemical Index.
Global petrochemical prices down slightly in July
Also in this feature
Platts Global Benzene Price Index
Platts Global Benzene Price Index
Benzene prices were down 3.2% month-on-month to $726.38/mt. Year-on-year, though benzene is up 12.8% compared to July 2016.
Platts Global Ethylene Price Index
Platts Global Ethylene Price Index
Ethylene continues to post a double-digit percentage drop year-on-year, down 10.3% from July 2015.



The Barrel Blog

October 05, 2017
Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this.
July 11, 2017
Two North Texas joint ventures between resin packaging companies and railroads that aim to move USGC polyethylene for export have been delayed to 2018.
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Asia-Pacific Petrochemicals methodology

Published September 2016

The Asian Petrochemical Products Guide contains the primary specifications and methodologies for Platts Asian Petrochemical assessments.


Asia-Pacific Petrochemicals methodology



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