Polyolefins World - August 2011 by GlobalData

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									                                                       Polyolefins World - August 2011
        Reference Code: GDCH00021IA                                                                                                    Publication Date: September 2011


        1          Table of Contents
        1    Table of Contents.................................................................1
            1.1 List of Tables .................................................................1
            1.2 List of Figures ................................................................1
        2    Market Overview ..................................................................2
            2.1 Significant Developments ..............................................2
        3    Price Trends In North America .............................................2
            3.1 North America, Polypropylene Prices ............................2
            3.2 North America, Polyethylene Prices ..............................3
        4    Price Trends In Asia.............................................................3
            4.1 Asia, Polypropylene Prices ............................................3
            4.2 Asia, Polyethylene Prices ..............................................4
            4.3 Polypropylene Plants Update ........................................4
            4.4 Ethylene Plants Update .................................................5
            4.5 Monomer Company Updates.........................................5
        5    Appendix ..............................................................................6
            5.1 Methodology ..................................................................6
            5.2 Contact Us.....................................................................7
            5.3 Disclaimer......................................................................7



        1.1        List of Tables
        Table 1:        Polyolefins Market, North America, Polypropylene
                        Prices ($/Metric Ton), 2011 ......................................2
        Table 2:        Polyolefins Market, North America, Polyethylene
                        Prices ($/Metric Ton), 2011 ......................................3
        Table 3:        Polyolefins Market, Asia, Polypropylene Prices
                        ($/Metric Ton), 2011 .................................................3
        Table 4:        Polyolefins Market, Asia, Polyethylene Prices
                        ($/Metric Ton), 2011 .................................................4



        1.2        List of Figures
        Figure 1: Polyolefins Market, North America, Polypropylene
                  Prices ($/Metric Ton), 2011 .....................................3
        Figure 2: Polyolefins Market, North America, Polyethylene
                  Prices ($/Metric Ton), 2011 ......................................3
        Figure 3: Polyolefins Market, Asia, Polypropylene Prices
                  ($/Metric Ton), 2011 .................................................4
        Figure 4: Polyolefins Market, Asia, Polyethylene Prices
                  ($/Metric Ton), 2011 .................................................4




                                                                                                                                              GDCH00021IA /Published SEP 2011
Polyolefins World - August 2011                                                                                                                                        Page 1
                                                                                                        © GlobalData. This report is a licensed product and is not to be photocopied
                                                                             2.1      Significant Developments
        2       Market Overview                                              2.1.1     LG Chem to Form Joint Venture with
                                                                                       Kazakhstan Petrochemical Industries
        The global polyolefins market experienced an increased
        demand throughout various regions in August 2011. Supply             LG Chem, Ltd., a chemical company, entered into a joint
        shortage created due to planned production cutbacks and              venture agreement with Kazakhstan Petrochemical Industries
        maintenance shutdown in the North American region led to a           Inc., a state-run petrochemical company, to construct a
        slight increase in demand. In the Asian region, the increased        petrochemical complex in Atyrau, Kazakhstan. The joint venture
        demand was due to various factors. The planned shutdown of           will have an investment of $4,000m and will construct ethylene
        many plants, reduced inventory levels and lower imports from         and polyethylene plants with an annual capacity of 840,000 and
        Middle East producers resulted in a supply shortage in the           800,000 metric tons. The plants are expected to start
        market. The prices of polyolefins after a steady increase in the     commercial production in 2016. LG Chem will hold a 50% stake
        first half of the month started to stabilize at lower values as      and Kazakhstan Petrochemical will hold the remaining 50%
        buyers were hesitant to build up inventories in view of the          stake in the joint venture.
        economic turmoil. The European polyolefins market followed a
                                                                             2.1.2     Sumitomo Chemical and Jilin Xindongtai
        similar trend with a slight increase in demand for the majority of             Team Up to Produce Polypropylene
        the month.
                                                                             Sumitomo Chemical Co., Ltd. (Sumitomo Chemical) and Jilin
        In North America, the price of polyolefins increased in August       Xindongtai Engineering Plastics Co., Ltd. (Xindongtai),
        due to tight supply conditions. In the first half of the month,      established a joint venture company for the production of
        producers increased their prices to improve their margins which      polypropylene. The joint venture will set up a plant in
        have fallen sharply in the past two months. Also planned plant       Ch
								
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