Asian petrochemical markets are in a jam, with price bearishness across the board as recession risks continue to mount. Elevated concerns on the economic front, from the fallout of the Russia-Ukraine conflict and sanctions on Russia, plus fears of upward spiralling inflation continue to weigh on sentiment. The increase in …
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Buying enquiries from Europe for Asian petrochemicals have risen in recent weeks as international sanctions hit supply from Russia amid the Ukraine war. In the styrene-butadiene-rubber (SBR) market, Asian producers are preparing to ship out more cargoes to Europe given recent loss of Russian supply. Tyre factories in Europe are …
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China and the US have signed a joint declaration on enhancing climate action over the next decade in a bid to achieve the goals set in the 2015 Paris Agreement. The announcement was made at the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland which …
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US energy giant ExxonMobil has made a final investment decision on a multi-billion-dollar chemical complex in Guangdong province in southern China. The greenfield project includes a 1.6m tonne/year flexible feed steam cracker, three performance polyethylene (PE) lines, and two differentiated performance polypropylene (PP) lines, ExxonMobil said late on Monday. Construction …
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