olefin crackers

SIMON SAYS: Spreading LPG against naphtha is not for the feint hearted!

Submitted by Simon Hill on Tue, 11/26/2019 - 17:00

After a few years in the wilderness, and I do mean living on the Isle of Wight by the way, I was quite taken aback one day when two industry jargons were used in a flourish, as if I should have known exactly what they meant, one was “PRONAP” and the other was “FEIMOPJ”. Once I had worked out what they represented, I was then fascinated to know how they traded in the market.

SIMON SAYS: Oil companies today will morph into Petchems tomorrow, and a lot more green along the way!

Submitted by Simon Hill on Thu, 10/31/2019 - 17:00

In yesterday’s SIMON SAYS, I looked for the reason why we’re still seeing announcements of PDH expansions and new olefin crackers in the U.S., especially given the reality of China’s plans to stand by themselves in the petrochemical world, increasing their domestic production of petrochemicals while cutting back on imports of olefins, such as ethylene and propylene, and also the polymers, the resins and fibers.

SIMON SAYS: ‘Tis the season for butane strengthening

Submitted by Simon Hill on Mon, 08/26/2019 - 17:00

In yesterday’s SIMON SAYS I explained the slightly more conventional relationships between motor gasoline and normal butane, as time fast approaches when the winter gasoline vapour pressure specification kicks-in, but as always, it’s in a market where the supply and demand factors are competing with each other to set new equilibriums, impacting prices along the curve.