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Can Asia aromatics producers thrive amidst threat of oversupply?

Posted on : 27 Apr, 2010

 

Industry sources reported ‘tight supply in Asia and US, as well as expectations of higher crude prices, will play a part in boosting benzene values in this region’.

 

Benzene prices in Asia are expected to strengthen in 2010 on the back of healthy demand from downstream styrene market in Q1. As we proceed into Q2 and forward, will demand and prices of styrene monomer continue the uptrend as global economy sets its recovery?

 

Following the recent successful start up of Shell’s ethylene cracker in Singapore last month, recovering markets have also pushed the upcoming US$2bn Jurong Aromatics Corporation (JAC) plant on track for completion in the first half of 2013. The JAC plant is anticipated to be among the most competitive petrochemicals facilities in the world.

 

Jiangsu Sanfangxiang (SFX), a leading petrochemical industry player is an example of one to take advantage of the upcoming positive market. While having a 10 – 25% stake in the JAC cracking plant, it’s also looking at plans to invest in an aromatics complex in China.

 

Asia, and in particular China, remains as a key player in the global aromatics industry and one to keep an eye on.

 

6^th Asia Aromatics & Derivative summit brings together top panelists from petrochemical giants, SINOPEC and Petrochina to share their perspectives on current vital issues and the challenges ahead.

• Take away essential updates on new aromatics projects, new capacities and China’s growth opportunities.
• Also hear reports on other Asian market updates, from Reliance, PTT & Petrovietnam, to complete a thorough discussion on the Asian aromatics and derivatives markets.

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