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Friday 16 August 2013

China Petrochemicals Report Q3 2013:Materials & Chemicals Market Research Reports

Materials & Chemicals Market Research Reports
 
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China Petrochemicals Report Q3 2013
Aug 14th 2013, 00:00, by rnrmahesh

BMI View: The Chinese petrochemicals sector is seeing slightly more robust growth, particularly in olefins, but this is insufficient to absorb ongoing increases in capacities. Combined with feedstock cost rises, this will cause a narrowing of margins. However, coal-to-methanol production should ease the situation over the medium term and reduce net imports in some segments. The total value of petrochemical production in China grew 11.6% y-o-y to CNY1.72trn during the first two months of the year with the value of imports rising 24.1% to US$19.6bn and exports growing 5% to US $13.8bn. In the first four months of the year, …

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Belgium Metals Report Q4 2013:Materials & Chemicals Market Research Reports

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Belgium Metals Report Q4 2013
Aug 14th 2013, 00:00, by rnrmahesh

Recent calls to introduce subsidies to support the European steel industry have led to suggestions that the Belgian government may move to nationalise Arcelor-Mittal’s steel operations in Liege. Nationalisation may provide support for Belgium’s steel sector which is being hit by flatlining demand from across the eurozone region, including from its main export market, Germany. Falling local demand has been exacerbated by an influx of cheap Chinese steel following increasing production from Chinese steel works during H1 2013 leading to overcapacity. Pessimism surrounding future levels of demand across Europe has led to led to cut-backs being made by a number …

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Saudi Arabia Petrochemicals Report Q3 2013:Materials & Chemicals Market Research Reports

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Saudi Arabia Petrochemicals Report Q3 2013
Aug 14th 2013, 00:00, by rnrmahesh

The Saudi Arabian petrochemicals industry is suffering pressure on margins from higher costs and a heavy maintenance turnaround schedule, although some segments saw an improvement in prices. Altogether, the effects of capacity outages and start-ups in H113 tightened the polyethylene terephthalate (PET) and, to a lesser extent, olefins markets, but led to a net gain in ethylene glycol (EG), polypropylene (PP) and polyethylene (PE). In Q113, Saudi petrochemicals major Sabic faced a loss in profitability owing to turnarounds at some MEG, PET and LLDPE plants as well as ethylene and propylene units. However, the company said that an improvement in …

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Iran Metals Report Q4 2013:Materials & Chemicals Market Research Reports

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Iran Metals Report Q4 2013
Aug 14th 2013, 00:00, by rnrmahesh

The outlook for Iran’s steel sector remains poor; however, there are a few signs of light given the election of Hassan Rouhani and possible moderation in tone towards the West. On the whole, however, we are far from sanguine given our bearish outlook for steel prices and the fact that any rapprochement with the West, if indeed it happens, will be drawn out and not have a significant impact in the near term. We note with scepticism, Iran’s plans to increase its steel capacity from 20mn tonnes per annum (mntpa) to 55mntpa by 2025, as well as a tripling of …

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Poland Metals Report Q4 2013:Materials & Chemicals Market Research Reports

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Poland Metals Report Q4 2013
Aug 14th 2013, 00:00, by rnrmahesh

Although we are optimistic about Poland’s economic growth prospects, expecting an expansion of 1.5% in 2013 (recently revised downwards from 1.9%) and expect steady headline GDP expansion thereafter, we are more cautious regarding metal consumption and production prospects. Key metal consuming segments such as autos and particularly construction will underperform. Looking at the longer term, we expect growth in Poland as an autos export hub to remain steady, though construction activity will be underwhelming. Production of steel, copper and lead will grow, but at a slower rate than demand. Investment into production facilities will be restrained by several factors including …

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Turkey Metals Report Q4 2013:Materials & Chemicals Market Research Reports

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Turkey Metals Report Q4 2013
Aug 14th 2013, 00:00, by rnrmahesh

BMI expects the Turkish metals sector to continue on its positive trajectory after performing well in the face of external headwinds over the past few years. We forecast healthy growth in the construction and autos industries boosting domestic demand for Turkish steel. Steady growth of steel exports is also to be expected as construction continues to grow in the Middle East. Downside risks to our forecast include subdued demand from EU states, depreciation of the Turkish lira raising production costs, political unrest in the country and a global weakening of steel prices. Despite strong growth in 2011 and 2012, H113 …

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United Arab Emirates Petrochemicals Report Q3 2013:Materials & Chemicals Market Research Reports

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United Arab Emirates Petrochemicals Report Q3 2013
Aug 14th 2013, 00:00, by rnrmahesh

BMI View: The UAE petrochemicals industry is continuing on its drive towards increased capacity and diversification, but BMI warns that it will have to deal with increasing competitive pressure on crucial export markets, as China and India ramp up production and developed markets remain in the doldrums. China will be the principal source of sales for the UAE petrochemicals industry in the long term, with polyolefins consumption set to reach 60mn tonnes by 2020, almost double the level reached in 2012. As a result, by the end of the decade the country could account for around 60% of Asian demand. …

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