China’s C2 and C3 capacity in 2025 forecast to be 121% and 179% more than local demand. One of the arguments still doing the rounds out there is that this year will mark the turning point as global petchem operating rates, margins and spreads recover. https://t.co/Bt5OWh2U3L
Gain exclusive insights into Asia's aromatics markets. Don't miss our online session on 21 May, 3pm SGT, where we'll explore benzene and paraxylene dynamics and guide you through the aromatics markets of today and tomorrow. Register now!
Register now: https://t.co/MKTJFev874
Joseph Chang, Global Editor, ICIS Chemical Business, sat down with CEO of the Year winner Karen McKee. Watch their conversation here. https://t.co/AYzIpcu75T
A new wave of liquified natural gas export projects is set to overturn gas markets.
Around 250 billion cubic metres of new LNG capacity is set to come online by 2030. The United States & Qatar account for 60% of this.
More in #WEO23 → https://t.co/UcUjmNv7ND
Just to build on this: In the 12 hubs we model in @ICISOfficial Gas Foresight this is the breakdown.
Res/Com – Up 20% YoY, but 18% below 2017-2021 average.
Power – Down 34% YoY & down 43% historic ave.
Industry – Up 8% YoY, but 25% below ave.
#natgas#TTF#ONGT
Welcome to the new ICIS Top 100 Chemical Companies, a global listing of the leading producers of chemicals worldwide ranked by 2022 sales. Find out how your suppliers or customers are doing in the global race for dominance. https://t.co/fARddTQSSI
In this Q&A ICIS examines the debate with a focus on potential policy interventions that would directly affect the European gas markets and the challenges that their implementation would present.
https://t.co/7bRA0TNyQc
"The good people of #Iran know that any sanctions relief for Iran’s financial services, construction, energy, mining, automotive or petrochemical sectors will directly fund the terrorist activities of Iran’s Islamic Revolutionary Guards Corps."
https://t.co/nQDWCwSGFw
The report said Iran had become a net exporter of benzene thanks to increased output at Bouali Sina Petrochemical Company (BSPC), a major plant located on the Persian Gulf in the southwestern port of Mahshahr.
https://t.co/mAiNjaSVcJ
After months of waiting, we have some quarter-on-quarter data showing China is slowing down. As the first chart in the blog post shows, detailing petrochemicals, some kind of slowdown was inevitable because last year was such an excellent year.
https://t.co/Eh07b7PzdK
Iran could end up with an 85% share of China’s total low density polyethylene (LDPE) imports by 2025, up from 21% last year. Its share of China's HDPE imports may increase from 15% in 2020 to 48% in 2025
#chemicals#polyethylene
https://t.co/MVYnTwtb6E https://t.co/QjkDwq5j6E
The IMF on Monday upgraded the 2021 growth forecast for emerging and developing Asian economies to 8.6%, reflecting a stronger recovery than initially expected after lockdowns were eased
https://t.co/tnqyManiXZ
#ICIS#GDP#economy#Asia https://t.co/8n1b3vDXjq
Vessels began entering the Suez Canal late on Monday after a containership that had blocked passage since 23 March was dislodged, the Suez Canal Authority (SCA) said.
#icis#SuezCanal#EverGiven#OOTT
https://t.co/T6C8lXJeza