Monomer World - September 2011 by GlobalData

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Monomer World - September 2011

Summary

The global monomer industry experienced bearish demand throughout the month of September 2011. In most regions such decline in demand was attributed to weak demand from downstream demand amid continuing concerns on global economy. The Asian monomer markets experienced bearish demand for the major part of the month. The supply demand scenario in the first half of the month remained tight due to delayed restart of Formosa Petrochemical Corp (FPCC)’s naphtha cracker unit. The North American markets also experienced a decrease in demand before a further drop in the latter half of September 2011. The prices decreased as maintenance shutdowns due to start in October at some plants got postponed, leading to surplus supply in the market. The European monomer markets also experienced a similar decrease in demand to that of Asia.

Scope

- Analyses monthly price trends in Asia and North America region
- Details significant developments in the monomer industry

Reasons to buy

- Understand the pricing trend in monomer industry in Asia and North America region
- Formulate strategies based on recent changes in the monomer industry including plant and company updates.

More Info
									                                                  Monomer World - September 2011
      Reference Code: GDCH00024IA                                                                                                       Publication Date: October 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 Asia.............................................................2
          3.1 Asia, Propylene Prices ..................................................2
          3.2 Asia, Ethylene Prices ....................................................3
      4    Price Trends In North America .............................................3
          4.1 North America, Ethylene Prices.....................................3
          4.2 Propylene Plants Update...............................................4
          4.3 Ethylene Plants Update .................................................4
          4.4 Monomer Company Updates.........................................5
      5    Appendix ..............................................................................5
          5.1 Methodology ..................................................................5
          5.2 Contact Us.....................................................................6
          5.3 Disclaimer......................................................................6



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



      1.2        List of Figures
      Figure 1: Monomer Market, Asia, Propylene Prices ($/Metric
                Ton), 2011 ................................................................3
      Figure 2: Monomer Market, Asia, Ethylene Prices ($/Metric
                Ton), 2011 ................................................................3
      Figure 3: Monomer Market, North America, Ethylene Prices
                ($/Metric Ton), 2011 .................................................3




                                                                                                                                           GDCH00024IA / Published OCT 2011
                                                                                                                                                                     Page 1
Monomer World - September 2011
                                                                                                      © GlobalData. This report is a licensed product and is not to be photocopied
      2    Market Overview                                                 2.1     Significant Developments
      The global monomer industry experienced bearish demand               2.1.1    Suspension of Petrochemical Plants in
      throughout the month of September 2011. In most regions such                  Mailiao Gets Postponed
      decline in demand was attributed to weak demand from
      downstream demand amid continuing concerns on global                 Taiwan's Industrial Development Bureau (IDB) gave additional
      economy. The Asian monomer markets experienced bearish               time to three companies of Formosa Plastics Group to
      demand for the major part of the month. The supply demand            coordinate their individual suspension and inspection schedules
      scenario in the first half of the month remained tight due to        related to 48 petrochemical plants. Duh Tyzz-Jiun, director-
      delayed restart of Formosa Petrochemical Corp (FPCC)’s               general of the bureau, announced the decision after the fourth
      naphtha cracker unit. The North American markets also                meeting of a government investigation team. The suspension
      experienced a decrease in demand before a further drop in the        will now begin in October 2011.
      latter half of September 2011. The prices decreased as               The scheduled inspection comes in the backdrop of eight fires
      maintenance shutdowns due to start in October at some plants         at the Mailiao complex over the past year, which has given rise
      got postponed, leading to surplus supply in the market. The          to safety concerns at such plants.
      European monomer markets also experienced a similar
      decrease in demand to that of Asia.                                  2.1.2    Bashneft and Petrochemical Holding Team
                                                                                    Up to Produce Ethylene in Russia
      In September 2011, Asian monomer markets experienced a
                                                                           Bashneft and Petrochemical Holding will establish a joint
      decrease in demand from downstream industries on account of
                                                                           venture company, to be known as United Petrochemical
      concerns on economic slowdown. The prices of ethylene and
                                                                           Company. The joint venture will setup new petrochemical plants
      propylene remained stable during the first half of September as
                                                                           in Nizhny Novgrood and Ufa along with expanding Basneft’s
      the supply was reduced due to delay in restart of FPCC’s
                                                                           existing facilities in Dzerzhinsk. Basneft will hold 75% stake and
      naphtha cracker unit and reduced operating rates at numerous
                                                                           Petrochemical Holding will hold the remaining 25% stake in
      monomer plants. In the fourth week ethylene prices
                                                                           United Petrochemical Company. The company will produce
      experienced a steep decline as FPCC’s naphtha cracker and
                                                                           ethylene among other petrochemicals with a capacity of
      Taiwan CPC’s steam cracker commenced production after
                                                                           300,000 metric tons/year.
      undergoing maintena
								
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