This podcast is brought to you by ICIS, a leading global price discovery service for the oil, energy, fertilizer and petrochemical sectors.
Chemical industry must banish inertia, reinvent itself for a low carbon future
The chemical industry needs to overcome a business as usual strategy and grasp new production and recycling technologies to meet the challenge of a low carbon future. - Massive investment in low carbon energy required to meet net zero targets- China and EU can lead the way, spurring activity in the rest of the world- China’s Common Prosperity philosophy will drive change- Chemical industry must work out how to meet rising plastics demand sustainably- Industry inertia could block progress - Trade war possible between the UK and EU over Brexit disagreements - UK businesses must lobby government to resolve dispute
China BDO prices extend gains in October on tight supply
European ACN feedstocks update costs vs supply/demand dynamics
Ammonia and propylene markets are being closely followed by acrylonitrile (ACN) players in Europe and while both are balanced to healthy supply wise and demand is still good, energy costs are spiralling.Listen in as ICIS pricing editors Jane Massingham asks Richard Ewing and Nel Weddle about the latest developments and what to expect in the short term Spiking energy costs squeezing margins Ammonia prices almost tripled in past year West of Suez Costs to dominate propylene contract talks for Nov
PODCAST: Asia’s 2-EH could be hurt by weaker plasticizers demand in Q4
SINGAPORE (ICIS)-- SINGAPORE (ICIS)--Tight supplies and strong demand have sent 2-Ethyhexanol (2-EH) prices in Asia to an all-time high in end July, but market sentiment is expected to weaken this quarter. · Tight supplies expected to ease by late Q4· Demand seen softer· Buyers’ resistance could grow stronger In this podcast, Jasmine Khoo speaks with editor Seng Li Peng about recent developments in the Asian 2-EH market.
PODCAST: Europe acetone, phenol and BPA mull imbalances, spiking costs and China impacts
Europe acetone, phenol and derivative bisphenol A (BPA) are grappling with market imbalances, margin impacts due to spiking energy costs, low acetone prices and further Asian export uncertainty, due to China's strict energy clampdownListen in as ICIS pricing editors Heidi Finch and Jane Gibson discuss the latest market developments and near-term market expectations:Phenol Q4 adder settles up on various factors, outweighing the October benzene dropPhenol strong and tight, mismatched with the soft and long acetone marketBPA formula contracts firm, gap widens over spot in H1 OctoberBPA faces various pulls on supplySpiking energy costs, falling acetone prices - weigh on marginsPossible impacts on Asian exports from China's energy measures watched.Podcast interview by Heidi Finch and Jane GibsonPodcast editing by Chris Barker
Think Tank: chemical industry transformation underway, better funding required – EPCA CEO
Europe’s chemical industry is already investing for a low carbon future, but will require new sources of public and private finance to scale up for success, according to Caroline Ciuciu CEO of The European Petrochemical Association (EPCA). - Chemical industry transformation is already underway- Electrification will require huge amounts of renewable energy- Accessing finance to scale up is a huge challenge- Public funds, regulatory framework must encourage innovation- China’s Common Prosperity strategy will drive low carbon investment- Middle East exports to China could be threatened if carbon rules toughened - Diversity & Inclusion vital for future industry success- EPCA had more than 800 registered delegates